If you’re focused solely on initial cost, building a house can be a bit cheaper — around $7,000 less — than buying one, especially if you take some steps to lower the construction costs and don’t include any custom finishes.
Herein, how much does it cost to build a $300 000 house?
Cost To Build a 2, 3, or 4 Bedroom House
| Square Feet | Lower-End | Average Modern |
|---|---|---|
| 1,500 | $150,000 | $232,000 |
| 2,000 | $200,000 | $310,000 |
| 2,500 | $250,000 | $388,000 |
| 3,000 | $300,000 | $465,000 |
Just so, how much does the average person save for a house? If so, you may be able to afford the average American home. The Census Bureau estimates the average home in America is worth $217,600. To be able to afford a home worth $200,000, you only need to save $377 per month over ten years or $423 per month over nine years.