If you want to build a house in Boise, Idaho, you may be wondering how much it costs. The truth is that the cost of building a home varies based on the type of house you intend to build. You can expect to pay anywhere from $110,640 to $448,411 to have a new home built. In addition to the actual construction, you’ll need to consider a range of related expenses, including utilities, taxes, and transportation.
Unlike the past, where home building slowed down a bit, today’s real estate market is booming. With the right construction company, you’ll have a brand new home in no time. A new home is also far less costly than buying a pre-built model.
In addition to the cost of building a home, you’ll need to factor in the cost of lot and land. These fees add $250 to $1,000 to the overall project. Land prices are relatively cheap in Idaho. However, you’ll need to be savvy when it comes to finding the perfect lot and securing a good deal.
During the boom and bust of the past decade, many people left the construction industry. This led to a shortage of skilled workers, and a lack of available materials. Now, construction firms are paying higher wages to keep employees on the payroll.
As a result, the price of lumber has skyrocketed. In fact, the National Association of Home Builders estimates that a hike in lumber prices will add $24,000 to the average cost of a new house. Similarly, gas prices have risen to $4.09 per gallon. Combined with the rising cost of building materials, the cost of a new home in the Treasure Valley is more expensive than the average home in the country.
Other costs to consider when figuring out how much it costs to build a house in Boise, include permit fees, architect fees, and materials. For example, you’ll need to pay about $9,260 for a foundation, and about $14,00 for a roof. Plus, you’ll need to invest in rebar for basement construction and reinforcement for the basement walls. Another expense you’ll need to budget for is the cost of installing air conditioning. Adding in a central air conditioning system can add between $5,500 and $10,100, and installation costs can reach $2,200 to $9,800.
Using a professional to build your home is the smart way to go, and you can find a list of local custom home builder in Boise and their services on Build Idaho’s new construction page. Whether you’re looking to build a house in Boise, or somewhere else, hiring a professional will ensure that the process goes as smoothly as possible.
Of course, there are other factors to consider, such as the cost of upgrades. It’s worth the extra money to upgrade a kitchen or bathroom, or to have a finished basement built. Also, consider that your finished construction cost may be more than the original bid. That’s because you’ll need to renegotiate a contract, make changes to the house, and buy additional materials to ensure the project stays on schedule.