Summary: Construction Costs for any new home can vary greatly depending on home size, design, quality, and other factors that affect construction cost. Carl, Is it true that the general rule of thumb is that the average cost to build a new home is about $100 to $110 per square foot in addition to the cost of the land? Laurie. Hi Laurie,
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Professional builders know the current cost to build a new home is $89 to $160 per sq ft, or more, depending on the home’s size, design, quality, and location. These costs per square foot do not include the cost of land, local impact fees, financing costs, marketing costs, or sales commissions.
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Average new home construction costs are approximately $100 per square foot. state averages range from $75 to $130 dollars. State averages range from $75 to $130 dollars. These figures are somewhat deceptive though, as are all averages.
Let’s begin by considering what square foot homebuilding costs really are – nothing more than the total cost of a given project divided by the total number of square feet in that project. So, a 2,000 square foot home with total construction costs of $250,000 would cost $125 per square foot to build.
Enter the main floor ceiling height. This is the distance in feet from the floor to the ceiling. The standard ceiling height is 8 feet, but they are often upgraded to 9′ or 10′.
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For example, if the home is selling for $230,000 and the land costs $30,000, then the construction cost is around $200,000. If the home is 2,000 square feet, then the cost per square foot is $100. Use several new homes in your area to get an approximate square footage price.