House Cost Breakdown
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General
Generally, it's the 1/5ths rule:
- 20% land cost
- 20% materials
- 20% labor
- 20% financing
- 20% profit
If you have land and decide to build with your own labor - you should expect to pay 1/5th the industry standard cost because most of a house cost is not the house itself. To build yourself is not easy, as it takes your time - but is very rewarding. It is also quite difficult if people have jobs.
House Build (structure itself, not including site prep or site finishing
These are very rough estimates. See Links for details.
- Foundation - 20% (inludes utility rough-in)
- Roof - 20%
- Everything else - 60%