How Much Does it Cost to Build a House?

Building a house is an expensive process. As every building project is unique, there’s no single figure that applies to every house build. The exact cost will depend on a number of factors – for example, the size of the house, the timescale, and what kind of building materials you intend to use. 

In this guide, we’ve broken the cost of building a house down into several sections so that you can figure out your budget. Once you’ve got an idea of how much it will cost, it’s a good idea to apply for a house building loan, as this will help you to cover many of the upfront costs and allow you to make payments overtime rather than all at once. 

1. Building plot 

Before you can get started on building a house, you’ll need to purchase a building plot. These can vary significantly in price, with costs depending on factors such as size and location. When calculating the cost of building your house, it’s all too easy to overlook the expense of buying the plot. But the house can’t exist without the land, so when you’re working out your budget – or how much you want to borrow when you apply for a loan – the cost of your building plot is essential to your calculations, and will have a significant impact on how much you spend overall. 

2. Construction materials 

Another massive element of your building budget is what kind of construction materials you intend to use. While some materials, such as bricks, are comparatively cheaper, many people have a particular image in mind for their house, and want to use material they consider more aesthetically pleasing, such as natural stone.  

You also need to think about the cost of other materials that will play a part in the house’s construction, such as roofing and insulation – and then there’s the cost of the foundations to consider. 

3. Scale

The larger the house is, the larger the building plot will have to be. Plus, you’ll need to order construction materials in greater quantities, adding to the total cost. Not only this, but the longer a build goes on, the more money you’ll need to keep it going. 

Are you in the process of getting ready to build a house? If so, you should think about taking out a house building loan to cover the costs. When you’re ready to get started on applying for a building loan, get in touch with us here at Simpler.