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Cost breakdown to build a new home.

Main Idaho Real Estate Insights

Ever wonder where the money goes when building a home?

New Home Construction Costs

The following chart is a breakdown from NAHB. It is based on an average from a survey of 50 builders. This virtual home is 2,311-square-foot home with a sales price of $310,619. Of that total, $184,125 (59.3%) went into construction costs. Another $67,551 (21.7%) went to buy the lot, and the rest was for financing, overhead, marketing, sales commission, and profit.

Keep in mind this may not translate to this local market but it should be relatively accurate.

Source NAHB

Idaho Home Builder Directory

Posted by tlangford at 2/5/2013 12:56:00 PM

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