Whether it is through purchasing a pre-built structure or building a house from scratch, having a house to call your own is indeed financially overwhelming. It is particularly true now that the housing prices across the country continue to rise. And failure to prepare could eventually backfire in the end.
As such, if you are planning to build a house it is crucial to assess and estimate first how much you would need to spend for the entire construction.
That being said, this article covers everything you will have to prepare financially when building a house.
The Average Cost of Building a House in Atlanta
The average price of building a house in Atlanta is based on not only one or two factors, but several of them. These include the labor, the quantity as well as the quality of materials, and even housing miscellaneous things such as construction permits and land preparation.
But on average, on the other hand, building a house in Atlanta will cost you $127 per square foot, and ranges between $106 and $148. And that is quite a deal as the average price of a new home construction on a national level is between $100 to $200 per square foot. Or a total of $283,415.
But do take note that for such a price, the structure is basic only, and without furnishing. And if you wish to add a few or a complete furnishing, then expect to spend more.
Average Cost of Custom-built Houses in Atlanta
The estimated cost of building custom houses is significantly different from that of a basic structure. And unlike the latter, the aspects affecting the overall price of a custom-built home are also different. Its price is largely determined by the house’s style and design as well as the preferred degree of interior and the exterior finishes of the house.
But generally, a custom-built house in Atlanta will cost you around $500 or more per square foot. And that’s already a lot more expensive compared to a basic structure. Not to mention that the pay for architect and professional interior designer is excluded from the $500.
That said, you will have to pay $15,000 to $80,000 (roughly 8% to 15%) for the architect. You will need around $30,000 to $50,000 (roughly 10% to 17%) to hire a professional house designer as well.
Overall, custom-built houses are significantly higher in price compared to building a basic structure.
Average House Construction Cost in Atlanta’s Neighboring Cities
When it comes to the average price of new home construction in Georgia, the cost differs in every city. A lot of factors could influence it. But primarily, the town’s cost of living would largely affect it.
That said, below is a list of some of Georgia’s cities—including Atlanta—along their estimated average cost to build a house.
|City||Average Cost (per sq. ft.)|
|Atlanta||$106 to $148|
|Augusta||$92 to $137|
|Columbus||$91 to $135|
|Savannah||$93 to $137|
Note: All information is based on Pro-Matcher’s House Construction Cost Report.
Home Building Cost Breakdown
As mentioned, there are several aspects that could influence the overall cost of building a house. So, to give you a general idea, I listed down below some of the major housing factors you need to spend on.
In building a house, the biggest chunk that will occupy the overall construction price is the materials. It will, at least, take 50% (roughly $50 per square foot) of the whole cost. Or even more.
However, keep in mind that the quality of the materials will influence the total amount you will spend on the materials alone too. Wall sidings, for instance, come in different types of materials with different quality as well as prices. Vinyl sidings, for example, are cheaper compared to stone, wood, and even aluminum. Its price ranges between $2 and $5 per square foot only, while the others cost around $35 to $50 per square foot.
Having said that, below are the basic house construction materials along with their average market price.
|Concrete||$1,000 to $10,000|
|Lumber||$25,000 to $65,000|
|Flooring||$1 to $5 per square foot|
|Drywall||$10 per sheet|
|Roofing||$1,000 to $3,000|
|Siding||$2 to $15 per square foot|
|Insulation||$0.10 to $1 per square foot|
When it comes to building a house in Atlanta, the total labor expense depends on a number of aspects. These include the contractor’s purchasing power and credibility, the size of the house, as well as the structure’s design complexity.
On average, however, you will spend roughly $70,000 in labor fees only. And that is about 30% to 60% of the overall house construction cost.
On the other hand, keep in mind that the said cost may change according to the state or city’s cost of living. Some states such as New York have a higher cost of living compared to Texas and Kentucky. Hence, the labor fee for when you build in New York is higher.
That being said, below is an estimated cost for each construction job in Atlanta:
- Framer rate: $7 to $16 per square foot
- Construction manager: $3,000 to $50,000
- Roofing rate: $5,000 to $10,000
- Electrician: $50 to $100 per hour
- Plumber: $45 to $200 per hour
Installation of Major Systems
Another important factor in building a house are the systems. These include insulation, electrical, wiring, and plumbing. And in Atlanta, the labor fee for the installation, as well as the materials, can cost you around $30,000to $75,000.
That being said, here’s a rough estimate for each system:
- HVAC system: $1,500 to $13,000
- Electrical and wiring: $20,000 to $30,000
- Plumbing system: $7,000 to $15,000