How much does it cost to build a 3 bedroom house?

The pricing for the following sections comes from data collected over the previous year. However, they should help you plan for any upcoming construction. Still, always discuss pricing with professionals before you start budgeting.

National Average To Build A Home	$342,606
Minimum Average Costs	$120,000
Maximum Average Costs	$1,300,000
Average Range	$134,897 – $521,328

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Average Cost Per Square Foot

New home constructions typically cost $140 – $280 per square foot to build. However, the average cost to build a new home shifts upward of $550 per square foot for more luxurious accommodations, like a walk-in closet or energy-efficient features.

Building a bigger home also results in higher costs due to additional building materials and labor costs.

But there is no hard and fast rule. Price calculations vary depending on which spaces get included in the measurement (like the attic, exterior, basement, etc.), features, the land, neighborhood, building materials, design and more.

Average Cost Per Number of Bedrooms

1 Bedroom House	$12,000 – $500,000
2 Bedroom House	$150,000 – $590,000
3 Bedroom House	$200,000 – $900,000
4 Bedroom House	$250,000 – $1,300,000

Cost to Build a 3-Bedroom House

The cost to build a 3-bedroom home averages $120,000 to $500,000 for modular construction. The cost for stick-built construction is $200,000 to $900,000. This is one of the more commonly sized homes in the U.S. A typical 3-bedroom home is between 1,500 and 2,000 sq.ft. . It is possible to build one that is smaller or larger than average, however. These prices also reflect average or mid-grade construction materials. Building with higher-end or lower-quality materials can impact the final price of the project.

Home Building Material Costs

The cost of building materials soared throughout the COVID crisis. Disruptions to the supply chains resulted in decreased supplies of raw materials. However, demand remained robust at the same time, making it difficult to catch up.

As a result, the current costs of materials appear much higher than in recent years. That, in turn, can impact your bottom line while building a new home.

Considering that, here are some of the latest building material averages to know.

Concrete Cost

Concrete is a common building material thanks to its variety of advantages. To start, it is less vulnerable than wood to certain external threats, such as mold, moisture and fire. In addition, concrete is durable and helps increase energy efficiency in a building due to its ability to retain heat. So, you can save on cooling and heating when you use it.

Expect to pay approximately $6 – $10 per square foot for the material on its own. This will vary based on the thickness of the concrete, thickness of the edge and the finish.

If you want to use the concrete to build the home itself, you’re looking at a $270,000 –$576,000 project (for 2,000 square feet). The type of wall you choose (retaining, block or stamped) will also impact the total expense.

Roofing Cost

Many homeowners in the U.S. install asphalt shingles on their property. They are an affordable option that is versatile and easy to find, costing around $1.80 – $6.50 per square foot. But they’re not the only roofing option out there.

Metal roofing comes in sheets or shingles, is low-maintenance, and can last decades longer. In comparison, it costs $8 – $18 per square foot, depending on its material and design.

Alternatively, there is wood roofing. You often see this on Cape Cod cottages or Tudor-style homes. Although, they last the longest in areas with dry climates. The popular cedar shake-style roofing averages $7 – $10 per square foot.

Overall, for the average roof size of 17 squares, roofing materials generally range from $2,900 – $35,000. Keep in mind that a quote for most projects covers both product and labor costs.

Flooring Cost

Flooring not only impacts the appeal of your home but its market value as well. It’s the basis for every room’s design. In addition, it also affects the functionality of your home, making it harder or easier to enjoy the space.

Both the labor and materials heavily factor into the cost of flooring. You can plan to pay around $3 – $22 in general per square foot. However, you may pay more or less depending on the material. A price breakdown per square foot looks something like this:

Carpet: $3.50 – $11
Ceramic or porcelain tile: $15 – $20
Hardwood: $6 – $22
Laminate: $3 – $10
Linoleum or vinyl: $3 – $7
Natural stone: $6 – $20

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Average Cost Breakdown

The average cost of building a 3 bedroom house varies widely depending on location, size, and design preferences. However, a rough estimate can range from $150,000 to $300,000 or more. It’s essential to consult with contractors and obtain detailed quotes to accurately assess the total project cost.

Expense Category	Description	Average Cost Range
Land Acquisition	Cost of purchasing the land where the house will be built	$30,000 – $100,000+
Design and Architectural	Fees for architectural design and blueprints	5% – 15% of construction cost
Site Preparation	Clearing vegetation, grading land, and ensuring proper drainage	$5,000 – $20,000+
Foundation	Excavation, foundation construction, and reinforcement	$10,000 – $50,000+
Framing and Structural	Walls, floor joists, roof framing, and trusses	$20,000 – $70,000+
Exterior Finishes	Siding, roofing, windows, doors, and trim	$20,000 – $60,000+
Interior Finishes	Drywall, paint, flooring, cabinetry, fixtures	$30,000 – $80,000+
Plumbing	Supply and drainage systems, fixtures, and installation	$10,000 – $30,000+
Electrical	Wiring, outlets, switches, lighting fixtures, and electrical panel	$10,000 – $30,000+
HVAC (Heating, Ventilation, and Air Conditioning)	Heating and cooling systems, ductwork, and installation	$10,000 – $40,000+
Permits and Fees	Building permits, impact fees, utility connections, and inspections	$2,000 – $10,000+
Contingency	Budget for unforeseen expenses or changes in the construction process	5% – 10% of construction cost
Landscaping	Sodding, planting, irrigation systems, and outdoor amenities	$5,000 – $20,000+
Appliances and Furniture	Kitchen appliances, bathroom fixtures, and furnishings	$5,000 – $20,000+
Miscellaneous	Miscellaneous expenses such as temporary utilities, construction equipment rental, and waste removal	$5,000 – $15,000+
Total	Total estimated cost of building a 3 bedroom house	$200,000 – $600,000+

Financing Options

Financing the construction of a 3 bedroom house requires careful financial planning. Options include traditional mortgages, construction loans, and home equity lines of credit. It’s advisable to consult with financial experts to explore the most suitable financing options based on your budget and long-term goals.

1. Traditional Mortgage:

A traditional mortgage is a loan obtained from a bank or mortgage lender to finance the purchase or construction of a home.
Terms: Typically, borrowers make a down payment (usually 20% of the home’s purchase price), and the remaining amount is financed through the mortgage. The loan is repaid over a fixed term (e.g., 15 or 30 years) with monthly principal and interest payments.
Advantages:
- Fixed interest rates provide stability and predictability in monthly payments.
- Long repayment terms allow borrowers to spread out the cost over time.
- May offer tax benefits, such as deductions on mortgage interest.

2. Construction Loan:

A construction loan is a short-term loan specifically designed to finance the construction of a new home.
Terms: Construction loans typically have variable interest rates and are interest-only during the construction phase. Once the construction is complete, the loan converts to a traditional mortgage.
Advantages:
- Provides funds to cover construction costs, including materials and labor.
- Interest-only payments during construction phase reduce initial financial burden.
- Allows for drawdowns as construction progresses, ensuring funds are available when needed.

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3. Home Equity Line of Credit (HELOC):

A HELOC is a revolving line of credit secured by the equity in your existing home.
Terms: Borrowers can access funds as needed, up to a predetermined credit limit, and repay the borrowed amount with variable interest rates.
Advantages:
- Flexibility to borrow funds for construction costs as needed.
- Interest is only charged on the amount borrowed.
- May offer lower interest rates compared to other financing options.

4. FHA 203(k) Loan

An FHA 203(k) loan is a government-backed mortgage that allows borrowers to finance both the purchase and renovation of a home.
Terms: Borrowers can finance up to 96.5% of the combined purchase price and renovation costs. The loan is backed by the Federal Housing Administration (FHA) and typically requires a minimum down payment of 3.5%.
Advantages:
- Streamlines the financing process for purchasing and renovating a home.
- Allows borrowers to finance renovation costs with a single loan.
- May offer lower down payment requirements and more lenient credit criteria compared to conventional loans.

5. Owner Builder Construction Loan:

An owner builder construction loan is a type of construction financing designed for individuals who intend to act as their own general contractor or builder.
Terms: Borrowers are responsible for overseeing the construction process and managing subcontractors. Loan terms may vary depending on the lender’s requirements and the borrower’s experience and qualifications.
Advantages:
- Provides financing for individuals who want more control over the construction process.
- May offer flexibility in terms of loan structure and eligibility criteria.
- Allows borrowers to potentially save on construction costs by acting as their own builder.

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Process To Get 3 Bedroom House Construction Cost Estimate Report

Here I am going to share some steps to get your 3 Bedroom House Construction cost estimate report.

You need to send your plan to us.

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You receive a quote for your project.

Before starting your project, we send you a quote for your service. That quote will have detailed information about your project. Here you will get information about the size, difficulty, complexity and bid date when determining pricing.
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We do 3 Bedroom House Construction cost estimating and prepare a detailed report for your project. At last you finalize the report and finish the project.