Many new homeowners considering building a home will always ask the initial question, how much will it cost to build a house? There is no simple answer to this question because there is a lot that goes into home building as well as the choices you have to make along the way.
The average cost reported by homeowners to build a new home comes in at $297,192. This price would vary depending on the size of your home; for example, a 2,000 square foot home would cost you about $150 per square foot.
Factors that affect cost:
- Number of stories
- Shape of the building
- Type of roof
- Design Features
Steps in the Process:
It’s important that homeowners know how much they can spend from the beginning. This
limiting factor helps you determine size, interior features, build type and customization.
- Purchase Property
Purchasing the lot where you want to build is one of the first steps. This is one of the most important steps, choosing the perfect property to build your home.
- Choose Construction Method
Depending on the type of home you want to build; custom, modular, or developer and
builder construction project, your budget will be a deciding factor.
The plans and design process is often overlooked by new home builders but is one of
the expensive steps in the process. If you want a larger or higher-end home the planning
can get expensive. But this is the most exciting part as well, homeowners begin to see
their dream home vision on paper.
- Permits & Inspections
Although the homeowners are involved this portion of the process is better handled by
permit services, general contractors, and builder. Permits are a complicated, stressful
and time-consuming part of building a house. Inspections can also be stressful and
unnerving for people who have not gone through them before. Several inspections will
be done during the build to prevent costly or dangerous errors as the home ages.
- Construction Insurance
Be sure to have construction insurance prior to any building to protect your investment if
anything is to go wrong.
- Begin Construction
Construction is the biggest part of the project and includes a range of projects from site prep to plumbing, electrical, and roofing tasks. This is the phase of the build you will bring in professionals to share their expertise.
- Final Inspection
The final inspection is necessary prior to moving into the home. The purpose of the inspection is to be sure the home matches the submitted plans and that construction is up to building codes in the area.
After you have finished building your dream home the yard is the last step. Landscaping the yard can add beauty, personality, and decoration to your home.
Building a new home is a huge project to take on but every new homeowner will tell you it is worth it once they settle into their brand new house. There are many factors to consider when building a new home. JP Electric has plenty of experience when it comes to residential electrical projects, and can tackle many of your tasks. We have the knowledge and the tools to get these large projects done the right way, give us a call today at (801) 386-7331.