Are you considering building your own metal home?
If you are, then you’ll want to keep on reading.
There are multiple benefits to building a home, as opposed to buying a home. When you build your own home, you can select unique designs, newer appliances, and other personal touches that make the home sincerely yours.
Plus, newer homes have a longer lifetime in terms of insurance and repairs, which generates cost-savings down the line.
So what is the cost of building a metal home?
The National Association of Homebuilders (NAHB) estimated that the average cost of building a metal home added up to $359,228 including all construction, land & finishings.
With that said, if you already own the land and opt for a smaller 40 x 60 square foot building the costs can be $5,000 – $30,000 for the shell only.
At this point, you’re probably wondering what specific expenses are involved and how this number is justified.
We’ve got you covered.
In this guide, you’ll find all you need to know about what goes into the final cost of building a home, and the steps you can take to stay within your budget.
So let’s get straight to it.
What’s in this guide?
What are the Costs of Building Metal Homes?
The National Association of Homebuilders (NAHB) estimated that the average cost of building your own home added up to $359,228.
But what makes up this cost?
As a homebuilder, you want to know what goes into each component that you are paying for.
Keep on reading to find out.
From the $359,228 you pay at the end, $237,760 is attributed to basic construction costs as listed below.
|Site Work||$15,903||Building permit fees, Impact fees, Design & Planning, Inspections|
|Foundations||$25,671||Excavation, Concrete Foundations, Backfill, Wall Retaining|
|Framing||$41,123||Framing, Trusses, Sheathing, Metal Beams|
|Exterior Finishes||$33,066||Exterior Wall Finishing, Roofing, Windows, Doors|
|Major Systems||$32,746||Plumbing, Electrical, HVAC|
|Interior Finishes||$67,939||Insulation, Drywall, Interior Accessories, Lighting, Appliances, Flooring, Painting|
|Exterior Amenities||$16,591||Landscaping, Clean-Up, Outdoor Structures, Driveways, Finishing Touches|
|Misc.||$4,722||Other unforeseeable costs|
In addition to this, you accumulate other associated costs until you reach (or surpass) the estimated $359,228. These other costs are as follows.
|Lot Cost and Service Connections||$91,996||Purchasing the lot or deconstruction of existing property, installing water, drainage, electricity, gas, and telephone connections|
|General Expenses||$21,835||Other costs associated with working with an external contractor|
|Additional Financing||$7,636||Cost of financing the construction|
How Do Location and Size Affect the Cost of Metal Homes?
- Cost of building homes in prime real estate locations are more expensive
- Larger buildings are more costly but offer a lower price per square foot
Whether you are buying or building a home, location plays a significant part in determining the cost. This is based on the housing market in that area, as homes become increasingly expensive in cities with a lot of housing