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The average cost to build a house is $155,000 to $416,000, not including the land or lot. Building a custom home costs $100 to $155 per square foot, depending on the location, size, finishes, and customizations. Prefab or modular homes cost $80 to $160 per square foot to build using a pre-designed floor plan.
Building a home takes 6 to 12 months on average, including obtaining the permits, drawing the architectural plans, and construction. Bad weather conditions, changing finishes, or a shortage of laborers and subcontractors can increase the overall building time.
Custom home builders and general contractors manage the entire house building process, and adhere to zoning regulations and building codes. The best home developers do the following:
Real estate agents are not required when building a new home, but they can help with contracts and negotiations on upgrades. Plus, realtors can provide information about a neighborhood or city and connect you with lenders and home inspectors to make the process seamless.
Here are the steps and what you need to know when building a house:
Custom home builders and general contractors build houses. Custom home builders have an in-house team of contractors from start to finish, while general contractors hire and manage dozens of subcontractors. Both choices are common and have similar fees of 10% to 20% of the project cost.
To find the best home builders in your area:
Ask the following questions before hiring home building contractors.