Cost to Building a House in Illinois: A Breakdown of Expenses
$102 to $162 average per square foot.
$250,000 to $400,000 – for a 2,000-square-foot home with the total cost.
Building a home in Illinois costs between $102 and $162 per square foot, with an average of $132. For a 2,000-square-foot home, the total cost ranges from $257,500 to $405,000, averaging $264,000. Factors such as location, property type, labor expenses, and material costs influence these prices. Completing new home construction in Illinois typically takes 9-12 months, depending on the project’s complexity and the availability of materials and labor. Careful planning and budgeting are essential to ensure a successful home building experience in the state.
Key Takeaways
- The cost of building a home in Illinois ranges from $102 to $162 per square foot, with an average cost of $132 per square foot.
- Building a 2,000-square-foot home in Illinois typically costs between $257,500 and $405,000, with the average cost being $264,000.
- Completing new home construction in Illinois usually takes 9-12 months.
- Factors that affect the cost of building a house in Illinois include location, property type, labor expenses, and material costs.
Can I Build My Own House in Illinois?
Yes, you can build your own house in Illinois, but you must comply with local zoning regulations, building codes, and permit requirements. Owner-builders can save on labor costs, but they should have the necessary skills, time, and resources to manage the project effectively and ensure a safe, quality home.
The Average Cost of Building a House in Illinois
The cost of building a home in Illinois varies depending on several factors, such as location, property type, labor expenses, and material costs. On average, the cost per square foot ranges from $102 to $162, with an average of $132.72. This means that for a 2,000-square-foot home, the total cost can fall between $250,000 and $410,000, with an average cost of $265,440.
It’s essential for homebuilders to carefully consider these factors when planning their project to ensure a cost-effective and successful home building experience in the state. By understanding the average costs and the variables that can impact them, homebuilders can make informed decisions and create a budget that aligns with their goals and resources.
Cost to Build a House Calculator in Illinois
Disclaimer: The estimates provided here are based on regional construction costs and an analysis of current market rates. Actual costs may vary due to fluctuations in the prices of building materials and other local factors.
Also read: Cost to Build a House in Georgia: Budgeting for Your Dream Home
The Average Cost Per Square Foot to Build in Illinois
Average cost per square foot to build homes of various sizes in Illinois:
| Home Size | Average Cost Range |
|---|---|
| 500 sq. ft. | $66,000 – $81,000 |
| 1,000 sq. ft. | $132,000 – $162,000 |
| 1,500 sq. ft. | $198,000 – $243,000 |
| 2,000 sq. ft. | $264,000 – $324,000 |
| 2,500 sq. ft. | $330,000 – $405,000 |
| 3,000 sq. ft. | $396,000 – $486,000 |
| 3,500 sq. ft. | $462,000 – $567,000 |
| 4,000 sq. ft. | $528,000 – $648,000 |
| 4,500 sq. ft. | $594,000 – $729,000 |
| 5,000 sq. ft. | $660,000 – $810,000 |
Average Cost to Build a House in Illinois by Number of Bedrooms (Estimated)
| Bedrooms | Average Cost Range |
|---|---|
| 1 | $150,000 – $200,000 |
| 2 | $180,000 – $250,000 |
| 3 | $220,000 – $300,000 |
| 4 | $250,000 – $350,000 |
| 5+ | $300,000+ |
Average Cost to Build a House in Illinois by Number of Stories (Estimated)
| Number of Stories | Cost to Build (Modular) | Cost to Build (Stick-Built) |
|---|---|---|
| 1 | $150,000 – $250,000 | $200,000 – $300,000 |
| 2 | $200,000 – $300,000 | $250,000 – $350,000 |
| 3 | $250,000 – $350,000 | $300,000 – $400,000 |
Average Cost to Build a Home in Illinois by Style (Estimated)
| House Style | Estimated Cost Range |
|---|---|
| Saltbox | $265,440 – $331,800 |
| Ranch | $300,000 – $400,000 |
| Cape Cod | $320,000 – $440,000 |
| Colonial Revival | $400,000 – $600,000 |
| Craftsman | $360,000 – $500,000 |
| Tudor | $500,000 – $700,000 |
| Modern | $440,000 – $800,000 |
| Mediterranean | $400,000 – $640,000 |
| Farmhouse | $360,000 – $540,000 |
| Bungalows | $280,000 – $360,000 |
The Average Cost to Build a House in The US By State
The average cost to building a home in various states is as follows:
| State | Average Cost |
|---|---|
| Illinois | $265,440 |
| Michigan | $216,780 |
| Ohio | $222,480 |
| Florida | $263,640 |
| Georgia | $273,860 |
| North Carolina | $301,500 |
| Alabama | $267,620 |
| Alaska | $421,080 |
| Arizona | $295,580 |
| Arkansas | $251,800 |
| California | $405,440 |
| Colorado | $299,300 |
| Connecticut | $345,440 |
| Delaware | $327,060 |
| Hawaii | $412,840 |
| Idaho | $315,520 |
| Montana | $298,960 |
| Nebraska | $210,900 |
| Nevada | $334,140 |
| New Hampshire | $299,900 |
| New Jersey | $376,900 |
| New Mexico | $290,940 |
| New York | $360,180 |
| Pennsylvania | $302,200 |
Breakdown of Costs
To better understand the cost of building a house in Illinois, let’s break down the expenses into several categories:
| Category | Percentage of Total Cost | Average Cost |
|---|---|---|
| Land Cost | 20-25% | $52,800 – $66,000 |
| Site Work | 5-10% | $13,200 – $26,400 |
| Foundation | 10-15% | $26,400 – $39,600 |
| Framing | 15-20% | $39,600 – $52,800 |
| Exterior Finishes | 10-15% | $26,400 – $39,600 |
| Interior Finishes | 25-35% | $66,000 – $92,400 |
| Mechanical Systems | 10-15% | $26,400 – $39,600 |
| Landscaping & Outdoor | 5-10% | $13,200 – $26,400 |
| Miscellaneous | 5-10% | $13,200 – $26,400 |
Please note that these percentages and costs are rough estimates and can vary significantly based on your specific project and the factors mentioned earlier.
Additional Costs to Consider
When budgeting for your new home construction in Illinois, it’s essential to consider some additional costs that may not be included in the initial estimate:
- Permit fees: Building permits are required for new home construction in Illinois, and the cost of these permits can vary depending on your location and the size of your project.
- Utility connections: Connecting your new home to utilities such as electricity, water, and sewer can add to the overall cost of construction.
- Landscaping: While some basic landscaping may be included in your construction estimate, more extensive landscaping projects can add significantly to the total cost.
- Interior design and furnishings: Once your home is built, you’ll need to budget for interior design elements and furnishings, which can add up quickly.
Also read: Cost to Build a House in Florida: A Comprehensive Guide
Factors Affecting the Cost of Building a House in Illinois
- Location: Building costs can vary significantly depending on whether the home is being built in a rural area, suburb, or city.
- Property type: The type of home (e.g., single-family, multi-family, luxury) can impact construction costs.
- Labor expenses: The availability and cost of skilled workers in the area can affect overall expenses.
- Material costs: Prices for lumber, concrete, steel, and other building materials can fluctuate based on market conditions and supply and demand.
- Complexity of the project: Custom designs, unique features, and high-end finishes can increase the cost of construction.
- Permits and fees: Building permits, utility connections, and other fees can add to the total cost of the project.
- Landscaping: The extent of landscaping and outdoor features can impact the overall cost of building a house in Illinois.
Ways to Reduce Money When Building a House in Illinois
- Choose a smaller floor plan to reduce material costs.
- Select affordable, quality materials like engineered wood and laminate.
- Opt for a simple design without complex architectural features.
- Be your own general contractor to save on costs.
- Compare bids from multiple contractors and suppliers for deals.
- Avoid unnecessary upgrades and stick to your budget priorities.
- Do some work yourself, like painting or landscaping.
- Build during the off-season when demand and prices decrease.
- Invest in energy-efficient features for long-term utility savings.
- Negotiate prices with suppliers, especially for bulk orders.
Time Frame for Building a House in Illinois
Building a house in Illinois typically takes between 9 and 12 months, from the initial planning stages to the final completion. However, the actual construction timeline can vary depending on several factors, such as the complexity of the design, the size of the home, weather conditions, and the availability of labor and materials.
Here is a general breakdown of the various stages involved in building a house in Illinois:
- Pre-Construction Phase (1-3 months): Budget, land, plans, permits.
- Site Preparation (1-2 months): Clear land, utilities, foundation.
- Framing (1-2 months): Walls, roof, windows, doors, rough-ins.
- Interior & Exterior Finishing (4-6 months): Insulation, drywall, finishes.
- Final Touches & Inspections (1-2 months): Landscaping, appliances, inspections.
Is it Cheaper to Buy or Build a House in Illinois
In Illinois, it is generally cheaper to buy an existing house than to build a new one. Building a new home costs an average of $132 per square foot, while buying an existing home is typically less expensive per square foot. However, the final decision depends on your specific needs, location, and budget.
Also read: The Cost of Building a House in Michigan: A Comprehensive Guide
Financing Options
Financing a new home construction project in Illinois can be more complex than securing a mortgage for an existing home. Here are some common financing options to consider:
- Construction loans: These short-term loans cover the cost of construction and typically convert to a permanent mortgage once the home is completed.
- Construction-to-permanent loans: Also known as “one-time close” loans, these combine the construction loan and permanent mortgage into a single loan, simplifying the financing process.
- Self-financing: If you have significant savings or equity in another property, you may choose to self-finance your new home construction.
- Traditional mortgages: If you have the funds to cover the cost of construction upfront, you may be able to finance your new home with a traditional mortgage once it’s built.
Building vs. Buying What is The Different
Building
- Customization: Design the home to your exact specifications
- Energy efficiency: Incorporate the latest energy-saving features
- New materials: Everything is brand new and under warranty
- No competition: No need to outbid other buyers
- Longer process: Typically takes 9-12 months or more
- More effort: Requires active involvement and decision-making
- Potential for higher costs: Unexpected expenses may arise
Buying
- Faster process: Can move in as soon as the sale closes
- Established neighborhood: Surrounding area is already developed
- Potential for better pricing: May get more square footage for your money
- Less customization: Limited ability to change the existing layout and features
- Older materials: May need to update or replace some components
- Competition: May need to outbid other buyers in a tight market
- Maintenance: Older homes may require more upkeep and repairs
Conclusion
Building a house in Illinois can be a significant investment, with costs ranging from $250,500 to $410,000 for a 2,000-square-foot home. The average cost per square foot is approximately $133, but this can vary depending on factors such as location, property type, labor expenses, and material costs.
When budgeting for your new home construction, it’s essential to consider additional costs such as permit fees, utility connections, landscaping, and interior design elements. Financing options such as construction loans, construction-to-permanent loans, and traditional mortgages can help make your dream home a reality.
Frequently Asked Questions (FAQ)
Building a 1,000-square-foot house in Illinois typically costs between $102,000 and $162,000, with an average cost of $132,000. This estimate is based on the average cost per square foot in the state, which ranges from $102 to $162, with an average of $132.
The cost to build a 2,000-square-foot house in Illinois ranges from $204,000 to $324,000, with an average cost of $264,000. This estimate is based on the average cost per square foot in the state, which falls between $102 and $162, with an average of $132.
Constructing a 2,500-square-foot house in Illinois typically costs between $255,000 and $405,000, with an average cost of $330,000. This estimate is derived from the state’s average cost per square foot, which ranges from $102 to $162, with an average of $132.
The cost to build a 3-bedroom house in Illinois varies depending on the size and specifications of the home. On average, a 3-bedroom house is around 1,500 to 2,000 square feet, which would cost between $153,000 and $324,000 to build, based on the average cost per square foot in the state.
Illinois homes are relatively affordable compared to other states due to factors such as a slower housing market, lower demand, and a higher supply of homes in certain areas. Additionally, the cost of living in Illinois is generally lower than in many other states, which contributes to lower home prices.
The cost of living in Illinois varies depending on the specific location within the state. While some areas, particularly in and around Chicago, have a higher cost of living, many other parts of Illinois offer a more affordable lifestyle compared to other states, with lower housing, food, and transportation costs.
