Building a new house can be very expensive. There are lots of things involved in it. Building the foundation, buying the materials, labor cost etc. ends up being very expensive. Here is an estimate of how much it might cost to build a house.
Cost of architect
If you want a custom home, it will be built according to your own requirement. It usually costs more to build a custom home. It is time-consuming as well. First of all, you will need to hire an architect who will create the design for you. Architects usually charge 5% to 15% of the home construction cost. Alternatively, if your builder gives you a design, it will cost $1.50 to $2.50 per square foot.
Cost of materials
You need to purchase good quality materials for the construction of your home. The cost of materials depends on the size of the house. Also, the cost of materials varies according to the region where you are building the house.
The cost of labor depends on how complex the task is. If you want to build a large custom house, then the labor cost will be high. For a smaller modular house, the cost will be low. You will be able to hire engineers for $100 to $150 per hour and land surveyors for $300 to $700 per hour.
First, you will need to build the foundation. It will cost $4,000 to $12,000. Framing will cost $1,500 o $6,500. Constructing the walls, windows, roof, doors, etc. will cost around $40,000 to $60,000. Interior finishing will be approximately $85,000. Major installations like HVAC, plumbing and electrical will cost about $30,000 to $50,000.
These are the major costs involved in building a house. Your cost will vary according to the quality of materials, type of roofing, interior design, size of the house, etc. You should first create a budget before starting to construct your home.