How much does it cost to build a home in 2024?

Building a home in 2024 can be intimidating, but knowing the costs beforehand is crucial to a successful project and keeping the stress down.

There are many costs and steps associated with purchasing land and building a home. starting with land that is suitable for construction is the first step in keeping costs down, which I go into more on our land consultation section.

below is a breakdown of the costs associated with building a budget friendly 3 bedroom ranch featuring 1400 square feet, two bathrooms, vinyl plank flooring, granite countertops, GE appliances, FHA efficient furnace and build standards, harvey windows and doors, and a full basement.

every single build and project is different, so this is to be used as a general reference only, not an actual estimate.

permits: 2000.00

Well: $12,000 (400’ depth 40’ casing)

septic: $9500.00 (stone bed basic system)

excavation/foundation/driveway: 50,000

electrical: $0.00 (within 150’ of existing pole)

frame package: $50,000 ( frame/siding/roofing/windows/doors)

frame/siding/roofing labor including exterior finish: $75,000

electrical rough in and finish: $20,000

plumbing & hvac rough in and finish including fixtures: $25,000

insulation material and labor: $8000.00

sheetrock material and labor: $15,000

interior finish (trim/paint/doors) $20,000

flooring materials and labor: $10,000

kitchen w/ island /granite & appliances: $20,000

loam & seed: $7500.00

total: $324,000 plus land costs

231.42 per square foot on this turn key build excluding land. this is for an average spec. if your looking for tile, heated floors, high end fixtures and features, these costs can easily exceed 300.00-400.00 per square foot, and even more for custom homes.

if you would like to discuss your specific project further please dont hesitate to reach out!

How much does it cost to build a home in Maine in 2024? : About