28/03/2022
The Most Affordable Areas to Build
If your goal is to build your home while spending as little as possible, you’ll need to consider your location. Hot spot areas like Florida or California would naturally cost significantly more.
According to GOBankingRates, Oklahoma is the cheapest place to build a home. The estimated cost to build an 1,800-square-foot home in the state is $145,912.
Other affordable states include:
Mississippi: $155,215; $13.92/hour in labor costs
Nebraska: $152,263; $14.50/hour in labor costs
Arkansas: $162,662; $12.38/hour in labor costs
Michigan: $150,310; $18.31/hour in labor costs
West Virginia: $154,157; $16.47/hour in labor costs
Not surprisingly, the cost of building a home in these states is lower because labor costs are generally lower. In Hawaii, the most expensive place to build a home, labor costs are $27.01. In these states, it’s estimated to cost more than $200,000 to build a home.
Building a home can be a rewarding experience, especially if you live in one of these affordable areas. You have a lot of control over your home, including your location, the type of land and lot size, and the home’s design.
If you have the ability to be your own general contractor, building the home on your own will save you money and give you even more control over the quality of the house.