Most homeowners spend an average of $289,142 building a new house of about 2,000 square feet. The actual cost will depend on specific preferences - you could end up paying between $150,177 to $428,107. Fully customized homes often range between $350,000 to upwards of $1 million. Prefabricated homes are more convenient and affordable options, costing between $50,000 and $300,000.
Modular homes are prefabricated in sections or modules at a production site. After production these "modular" pieces are then transported to the building site.
Home builders are more than general contractors who are responsible for coordinating home construction. As a general contractor they play an important role in working with subcontractors in order to bring a final project to life.
Builders may also work on specific areas of the home, such as the floors, roofs, or outer frames. The home builder you work with will play a role in determining the final cost of many different parts of the project. Some home builders also offer land surveying, land development, home decor/design and even home loans.
Make sure your home builder is aware of your specific design preferences, maximum budget and the type of home you desire. A custom home allows specific features that you desire. However, keeping track of the costs associated with building a home can easily become overwhelming. It’s important to take a step-by-step approach when building a home in order to understand the builders’ cost and other associated expenses.