Everyone wants to own a home. While buying a home is an option many people tend to go with, especially in places where there is access to mortgage facilities, the idea of building your own house is always much more appealing. But one thing that pushes people away is how expensive it can be to build a house. While buying a house through a mortgage can take years to pay off, the cost of building a house has to be paid as it is being built, which means you need to have the money available.
Building a house is not a cheap feat. NewKitchenRenos.ca estimates a square foot of house to cost between $100 to $200, meaning if you are going to build a house of 1000 square-foot at an average cost of $150 per square foot, it would cost $150,000 to erect the structure alone. Then you would have to spend more money on roofing, plumbing, electricity, and the final finishing. This can bring the whole cost to $200,000 - $300,000. That is a lot of money.
But what if there was a way to save some money and build an inexpensive house? Not every house costs as much as $150,000 and if you know what to do, you may see yourself building your house for less than that.
So, what style of house is the least expensive to build? Before we look at that, let us first go over a few factors that make building a house expensive.
Location
The location of the house is the first thing that would determine how much you would spend. Before you can build, you need land, and the cost of land varies from place to place. People often want to build near urban centers and this can drive the cost of their houses up.
Size
Big houses always cost more than smaller ones because you are making use of more materials and more labor. If you are building a house with more rooms and facilities, like a garage and a store, you will spend more money.
Style
Building a two-story building is always cheaper compared to building a bungalow because you are building up, but this also depends on the size of the house you are building. The more elaborate your style of house is, the more money you spend.
Materials
Some materials, like bricks, are more expensive to use when building compared with materials like wood. Even when roofing your house, the material you use would also affect the cost of roofing.
Finishing
The kind of finishing people want in their houses also affects how much they would end up spending in total. The kind of tiles you use, the paint, the doors and windows, electrical and plumbing fittings, and so on. All of these can drive your cost of building up.
So How Do You Build An Inexpensive House?
First, we would have to define what we mean by inexpensive or least expensive. Going by the average cost of building a house today, the least expensive house you can build is something that costs less than $100,000. Here are some house options you can try.
Tiny Houses
Tiny houses are regarded as houses measuring between 100 and 400 square-foot. As you can see, there is not a lot of room in it but space can be managed so that you have a living space, bedroom, and kitchen. If you are living alone and you are someone who likes very simple things, then this style of house might work best for you. A tiny house can cost from less than $20,000 to as much as $50,000. If you can, do not opt for something too tiny.
Container Houses
Container houses are becoming more and more popular these days and if you are someone who believes in recycling, then this is an option you should consider. The good thing about a container home is that more space can be added should you need it. The space inside can also be managed efficiently to give you many of the basic things you would want in a house. Feel free to customize as much as you want but always keep costs in your mind. The average money you can spend on a quality container home is between $35,000 and $50,000.
If you want to build the house yourself, there are some things you should keep in mind.
Keep the shape and style simple
The best way to save money on a house is by building a simple square. Not doing any unnecessary extensions would allow you to save some money on your building. Keep the house as compact as possible.
Use inexpensive materials
Try to make use of inexpensive materials where you can. This does not mean you should go for the cheapest, but there are some quality materials that cost less than the rest. Those are the ones you should go for.
Be mindful of your finishing
Sometimes, going simple is the best way. These days when minimalist designs are becoming popular, you should not worry about spending money on finishing your house. Try to go easy on the finishing, saving money where necessary.
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