Which House Can You Afford to Build with Your Budget?

Which House Can You Afford to Build with Your Budget?

After recently speaking to a fellow friend of mine, which happens to share his knowledge of own a roofing company and slowly explains why he is rated the top San Antonio Roofer and why it’s an honor to him to speak with me. He explains that budget is a major factor to consider when thinking about the kind of house to build. There are many and unique housing options to consider. However, your budget will influence the option that you will settle for. If you’re wondering about the house that your money can afford, here are some of the options that you have depending on your budget. 

Housing Option for Budget Less than $50,000 

If you have a budget that is not more than $50,000, build a tiny home. This will cost you between $25,000 and $35,000. However, you can save the cost if you build it yourself. Since a tiny home can sit on a trailer, it will be mobile. The measurements of this house vary from 100 to 400 square feet. And the cost of a tiny home can exceed $150,000 if you go for luxury appliances, higher-end materials, and further customization. 

Housing Option for Budget below $100,000

A small house ranges between 600 and 1,000 square feet. The cost of building this house varies between $60,000 and $100,000. Typically, this house comprises a living space and two bedrooms. It can also have a master bedroom. What you get and the cost varies depending on the location, as well as, labor and material costs. 

Housing Option for Budget below $150,000 

If you want to spend less than $150,000 on a house, consider a pole-barn house. This is a barn-like structure that doesn’t have a foundation. The average cost of shells is $50 per square foot. You will spend around $120,000 to build a 2,400 square foot pole barn with appliances and added insulation. However, the cost of building this house varies depending on the size. 

Housing Option for Budget below $500,000 

You can build a home with four bedrooms if you want to spend half a million dollars on the construction project. The size of the house can range from 3,000 square feet to 1,500 square feet. It can even include high-end appliances, hardwood floors, and granite countertops. 

Housing Option for Budget below $1 Million

With this budget, you can build a luxurious 2,500 square foot home or a 4,000 square foot home with aspirational design, flooring, appliances, and cabinets. But, you may have to build a smaller home if you live in a location where labor and materials are more expensive. 

The choice of the home to build will largely be influenced by your budget. It’s, therefore, important that you talk to your contractor and research extensively. Talk to your contractor and other industry experts to know what you can afford with your budget. That way, you will afford problems down the road once you start your construction project.