Have you been dreaming of building your dream home but thought you couldn’t afford it? Well, the cost to build a home depends upon the size of your home, the cost of the land it occupies, and also how many top-of-the-line features you choose.
- In 2022, the average cost to build a new home was on average, $500,000-$665,000.
- The average size of a new home in December 2022 was 2,661 sq. ft.
- Do the math and you’ll find it costs $187-$250 per square foot to build a home in 2022.
- It will also vary greatly depending on the floorplan you choose. Generally speaking, two-story homes are less expensive to build than one-story homes, because they require a smaller foundation and roof. Additionally, the more details on the front elevation you choose or the more exterior corners your flood plan may have, the more material and labor are required, which can impact the overall cost.