Buying a new home can be an exciting time. If you are considering building a home, it may not be easy to calculate the cost of building a house. Here’s some information to help figure out an estimate of the cost per square foot to build a house in Springfield, MO.
Should You Buy or Build a House in Springfield, MO?
Many prospective home builders ask one big question: Is it cheaper to buy or build a house?
You can choose to go and buy a house in Springfield, MO. While it may be easy and hassle-free to buy a house, will the house will really be yours?
Unless you can find an existing home in the perfect condition that is exactly the way you want, you need to spend money on repairs, remodeling, decorating, and landscaping. These additional expenses can increase the overall price. When you build your own house, the customization you can make to it is worth the cost.
How to Calculate the Cost of Building a House Per Square Ft.?
The cost to build a house per square foot in custom homes is calculated by dividing the total cost of the construction by the total footage of the house. It is a simple way to understand the cost of your home.
To calculate the total cost of the house building, you need to take into account all the expenses associated with building the house. These include the land cost, labor cost, permits, materials, and other expenses incurred during the construction process.
Once you have determined the total cost, you need to divide it by the total square footage of your home.
For example, if the total cost of the house building is $300,000 and the house is 2,000 square feet, the total cost per square foot would be $150.
What is the Average Cost to Build a House in Springfield, MO?
The average cost to build per square foot in Springfield, MO, is anywhere from $130 per square foot and can reach up to $200 per square foot and even higher for luxury homes.
Building a bigger home will result in higher costs due to the additional material and labor costs. The total price will depend on the spaces that are included in the measurement (basement, attic, exterior, etc.), features of the house, architectural design, the neighborhood, building materials, and more.
So, if you want to create a custom home that is well within your budget, keep any upgrades to a minimum. Setting a budget will number you and control the square footage, styling choices, and luxuries you can afford.
Factors Affecting the Cost of Building a House Per Square Foot
Remember, every custom home is unique, just like the individuals and families it is built for. For this reason, there is no one-size-fits-all price for custom homes. Some common factors will influence the total cost of building a house per square ft in Springfield, MO. Here are some things to keep in mind:
The Cost of Your House Will Increase if:
- The house is ranch style home. (Read here to learn why.)
- The roof design is complex, with multiple ridges and valleys.
- You want to add a pool, patio, or deck.
- The land is steep or odd-shaped, making it challenging to build on.
- You pick luxury materials and high-end finishes.
On the Other Hand, the Cost Per Square Foot is Lower When:
- You decided to add a finished basement to your home.
- The roof is a simple hip roof or gable.
- You pick standard materials for the house.
- You pick a pre-designed plan with only a few changes.
When building a home, you need to manage your expectations. You need to consider all the different costs along with the time needed to complete the project. But it is still affordable, considering you can enjoy all the benefits you enjoy by owning a house.
There are plenty of calculators online you can use to calculate the cost of building a house per square foot in Missouri. You can also reach out to a reputed builder to help you build the highest quality, best-designed, and energy-efficient new homes in and around Springfield.
Ready to build your dream home? Let’s get you started with Brian Williams Custom Homes today!
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