It makes sense. There are a lot of advantages to building a house in today's real estate market: you don't need to fight off other homebuyers, you get the house of your dreams, and you're left with a brand-new house without old house problems.
In hot markets, a lot of homebuyers find themselves interested in building a house-especially first-time home buyers.
Building a house can be a lot less expensive than purchasing one. In 2022, the median cost to build a house was around $284,000. With the average cost to buy a house approaching closer to $400,000, it can seem like quite a deal.
Let's take a deeper look at how much it costs to build a house.
00:00 Intro 01:24 How Much Does It Cost to Build a House? 02:13 Financing a New Construction Home 03:31 The Down Payment on a New Construction Home 03:56 Building a New Home With a Home Builder 05:24 Building a New Home on Your Own 06:07 Building a House vs. Buying a House 07:29 How Long Does It Take to Build a House? 07:49 What About a Modular Home? 08:31 How Can You Reduce the Costs of Building a House? 09:56 Are There Hidden Costs Associated With Building a House? 11:04 Conclusion 11:44 FAQ
