![]() Hence, you end up spending just $183,600. This will ensure that you don’t spend above $200k given that a square foot averagely costs about $153. These house types can be built with 1,200 square feet of space. As you’ll come to understand as we continue that square footage plays a vital part in how much you spend eventually. Since the numbers of rooms are few, it allows you to reduce the square footage of the building. Low Cost 2 Bedroom House PlanĪ 2 bedroom house also sticks to the guidelines above. Also, as far as simplicity goes, farmhouses are simple homes that can be constructed using cheap materials. Farmhouse Plans Under 200k to Buildįarmhouses are in most cases one story which means you won’t be violating the guideline we gave earlier. Hence, a 2 bedroom house or a farmhouse is perfect for this budget. Given that you have a budget of $200k, you won’t be looking for a luxurious house as such. Once you have decided on the location you want to build your home, the next thing to do is to get the house plan. If your lot is larger, then you’ll spend much more. On the other hand, a lot that is undeveloped will require excavation and if the lot is a small one, you could spend up to $4,000 just for this. Hence, workers will have easy access, and the plumbing and gas lines can be set up easily. Hence, local regulations, how much a square foot costs in that location and the lot’s cost itself will influence the overall price of the house.Īs we said earlier, going for an already developed lot will help you manage your budget and cut down expenses. ![]() When it comes to building a house, location plays a vital role in determining the cost. Therefore, to build a house under $200k, the following factors discussed in the subsections below should be considered carefully. Therefore, another way to cut down these expenses is to go for an already developed lot. Two things that are majorly responsible for the increase in the cost of a house are materials & labor. If you have $200k as your budget, then here are a few things you should do that will ensure that your budget is sufficient: If you want a more accurate construction calculation, we have a material list for our houses according to which the builders could calculate the material costs and add the labor cost.Īlthough in America $300k is the average price for most houses, however, with careful selection of the floor plans, location, square footage, materials, as well as the land you’ll be building on, $200k will be enough to get the job done. If the house is too expensive to build, we can downsize it and avoid some of the features to meet your budget. You could send the house plan drawing or website link to the builders to get their approximate construction cost calculated. The best practice is to contact your area’s local general contractors and ask for approximate construction costs. From our experience, the same house design can have a 20% cost difference in different states, built by a different builder with different house finishes. You might be wondering “can I build a house for 200k?” the truth is you can and despite how costly building a house is these days, we are pretty sure that $200k will still get the job done.ĭue to the changing economy we do not provide an approximate cost to build for each house as it would not be according to a specific location. In this article, we’ll provide you with tips that will guide you on how to build your house without spending more than 200k dollars. ![]() Can You Find House Plans Under 200k to Build?
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