Q:

How do you estimate how much it will cost to build a new home?

A:

Quick Answer

The most accurate way to estimate the cost to build a new home is to consult a local contractor and obtain estimates. A number of factors must be taken into consideration when estimating the cost of a new home, including location, area fees, size, floor plan, layout, building products, quality, finishes, contractor fees and many other factors.

Continue Reading
How do you estimate how much it will cost to build a new home?
Credit: Hero Images Hero Images Getty Images

Full Answer

The total square footage of the new build is an important factor for determining the cost, but the price per square foot varies greatly on a number of factors. For example, the quality of the home will affect the price per square foot. A home with average building features and finishes will cost less than a home with many upgraded features and higher-end finishes.

The area of the home is another important consideration, as state and local building codes, zoning laws, weather conditions and the costs of the building materials will affect the overall price per square foot of the home. Other important factors that affect the overall price include design, professional and structural engineering fees, permit fees, landscaping and site prep fees, construction costs, builder fees, hardscape costs, clean up and sales tax, among others. The most accurate way to estimate the cost of a new build is to obtain estimates from several local contractors.

Learn more about Real Estate

Related Questions

Explore