Are you looking to build a house in central Illinois? There are several things to consider when building a home. The first thing to think about is the location of your new home. Make sure that you find a place that has easy access to the highway and major roads in order to help reduce travel time on a daily basis.
Another thing to consider is whether or not you want to purchase land or already have land ready for construction. If you already own land, then it’s worth considering how much money it will cost per square foot because this will determine how much your monthly mortgage payments will be each month.
It’s also important that you choose an architect who can help put together an effective plan for your home so that it meets all of your needs and desires from start to finish. This will help ensure that there are no surprises along the way when building your dream home.
Building a home can be a fun experience, but it can also be overwhelming. There are so many decisions to make: Do you want an open concept or closed? Which floor plan fits in your budget? How much do you have to put down? How do you know if the offer made by the builder is fair? This guide will help you understand what to expect and how much it costs to build a house in Central Illinois.
What is the cost to build a home in Central Illinois?
What is the cost to build a home in Central Illinois? The average cost to build a home in Central Illinois ranges from $80 per square foot to $110 per square foot. It’s important to note that this figure varies depending on what type of home you’re building, how many stories it will have, and where you live.
For example: A two-story bungalow (with two bedrooms upstairs) will likely cost more than an 800-square foot ranch style house with one bedroom above grade and one below (like our sample plan). The same holds true for three bedrooms instead of two—although space requirements are different for each type of dwelling.
How Much Do I Have To Put Down?
Now that you know how much your home will cost to build, it’s time to figure out how much money you’ll need. To do this, you must first determine the down payment on your house. While a significant down payment is not required by law in Illinois, many lenders require a minimum of 10% down for their loans. The higher the down payment amount, the lower your monthly mortgage payments will be and vice versa.
To help with determining how much money you should put into a down payment on your new home:
- Compare mortgage rates online at various banks and credit unions across Central Illinois before making any final decisions about which one is best for you and whether or notit’s worth putting more than 10 percent down.
Building on Your Own Land vs. On a Subdivision Lot
The first thing to consider when deciding whether you want to build a house on your own land or in a subdivision is how much each option will cost. Building on your own land will obviously be cheaper than building in a subdivision, but it’s not as simple as just comparing the prices of the two options. Both types of houses require infrastructure and maintenance—whether that means paying for roads and other community resources, lawn care, snow removal, and more—which ultimately affects what you pay for your house.
Building on Your Own Land
If you want to build on your own land, there are a few things that need to happen:
- You have to buy enough property so that an average-sized house fits comfortably within it (if possible). This can be difficult if all available lots are occupied by existing homes or businesses, which means negotiating with those owners before buying their property outright could become necessary—and costly. The amount of time and money spent doing this may make building on raw land less attractive than other options altogether.
Is It Regular Or Custom Construction?
There are two types of construction: regular and custom. Regular construction is when a builder uses a set of plans to build a home, while custom construction involves designing your home from the ground up. Custom homes take longer, cost more money, and are more difficult to sell than regular homes.
What Are The Additional Expenses I’ll Face When Building A House?
There are many additional expenses to be aware of when building a home. For example, you will have to pay for the building permits and land purchase. You should also expect that the cost of some materials will be higher than in other areas, due to their distance from manufacturers or suppliers. In addition, your construction costs may vary depending on whether you hire a general contractor or do it yourself.
Labor costs tend to be higher here because there are fewer qualified workers available at any given time (and they’re often in high demand). This is especially true if you plan on hiring out an entire team of subcontractors, as they’ll most likely want a fair price for their work—and rightfully so. If your goal is simply to build your own home with friends/family members who are willing
Demolition: $40,000 – $80,000
The cost to demolish a home, which includes any structures on the property, will vary greatly depending on the size of your home and where it is located. There are several factors that affect demolition costs including:
- The number of trees on the property
- Underground utilities (electricity, gas lines, sewer lines)
- A garage or separate outbuilding
Framing: $5.50 – $6.50 per square foot
Framing is the most expensive part of the process. Framing can be done by a contractor or yourself, but it’s labor intensive and therefore more expensive than other phases of construction. In Central Illinois, framing costs are typically between $5.50-$6.50 per square foot for stick-built homes (with smaller walls being less expensive). Additionally, if you build with green materials such as straw bales or lightweight concrete block (instead of traditional lumber), expect to pay even more for framing material costs — up to $10 per square foot in some cases.
Electrical Work: $10,000 – $20,000
Electrical work can be one of the most expensive parts of building a house, especially if you don’t do it yourself. The costs add up quickly if you hire an electrician to do the work for you. However, this doesn’t mean that electrical work is out of reach for DIYers. It’s important to understand that there are three levels at which an electrical job can be done:
- Professional level – A professional electrician will have years of experience and know how to do everything from installing basic electrical outlets and switches all the way up through complex wiring circuits for large industrial projects or commercial buildings like hospitals and schools. If you’re just doing your first house build I recommend hiring a professional electrician who has been certified by their state’s licensing board before starting any work on your home.
- Intermediate level – An intermediate level DIY-er (or handy person) will likely have some knowledge about how circuits work but may not know all the ins-and-outs yet; they may also have some experience with installing simple circuits but aren’t ready yet for something more complicated like advanced HVAC systems or whole-house audio/video systems (like those found in commercial theaters).
Plumbing Work: $14,000 – $24,000
Plumbing work can cost between $14,000 and $24,000.
- Hiring a Plumber: If you hire a plumber to do your plumbing work, it will cost more than if you do the work yourself. This is because the average hourly wage for a licensed journeyman plumber in central Illinois is about $40 per hour or about $80,000 per year (source).
- Doing It Yourself: If you choose to do the plumbing yourself, it will cost less than if you hired a plumber because of labor costs and equipment costs. However, keep in mind that there are risks involved with doing projects on your own; such as injury or property damage from using tools incorrectly or improperly following instructions available online at various websites.
HVAC Work: $9,000 – $15,000
HVAC work is probably one of the most expensive parts of building a house in Central Illinois. The cost can vary widely depending on the size and complexity of your home. It’s usually done by contractors (who charge per hour), so it’s hard to estimate exactly how much it costs until after they’ve finished their work.
If you’re building a larger home, you’ll probably need two heating systems: one for winter months and another for summer months. If your house has four or more bedrooms, this could be especially important because each person needs their own space to heat up.
During HVAC season—winter and summer—the temperature inside a new home will be different than outside temperatures as moisture escapes through windows and doors when opened for human comfort or convenience during construction activities.
Roofing Work: $6,000 – $12,000
The cost of the roofing work can vary greatly depending on the size and material used. Slate roofs are usually more expensive than asphalt shingles because they last longer, but they also require more maintenance. Asphalt is a lower-cost option that requires less upkeep, but it won’t last as long as slate and may need to be replaced sooner.
Roofs will cost between $6,000 and $12,000 for materials alone—or $7/square foot on average—and this price doesn’t include labor costs or any additional expenses related to drainage lines or installation accessories like vents or flashings.
Siding Work: $6,000 – $10,000
Siding is the most expensive part of the exterior of your home. If you choose to do it yourself, this will save you huge amounts of money. However, if you don’t have that kind of time or skill, consider hiring a contractor instead.
The cost depends on the size of your home and the type of siding you use. For example, vinyl siding costs between $7 and $12 per square foot while aluminum siding prices typically range from $9 to $17 per square foot (in Illinois). Aluminum is not only durable but also energy efficient so it might be worth considering if you are concerned about reducing your monthly energy bill.
If metal isn’t right for your Central Illinois property then wood may work better as an alternative material because it has more texture than other materials like vinyl or aluminum which creates less maintenance over time due to its ability survive harsh weather conditions such as snow storms without cracking easily (although there are some exceptions.)
Prices Will Be Lower Than The Larger Cities
The cost of building a home will be lower in the central Illinois area than it would be in a larger city. This is because there are fewer construction workers available in this region, which will make it more difficult to find workers and significantly increase your costs. Additionally, there are less materials available due to distance from large cities and shipping costs. In addition to these factors, land prices are lower here than they would be in larger cities like Chicago or St Louis.
Craftsman Bungalow Starting At $85 per square foot
If you’re thinking of building a Craftsman bungalow in Central Illinois, your costs are going to depend on the size and amenities of your home. The average price per square foot for a 2,000 square foot Craftsman bungalow is $85. For example, if you’re building a 2,000 sq ft house that has 3 bedrooms and 2 bathrooms with an open kitchen/dining room downstairs and living room upstairs (commonly called the great room), plus an attached garage with laundry facilities and storage space below it, then your home will cost approximately $170 per square foot or $340k total.
Pricing for a Bungalow in Decatur
- Pricing for a Bungalow in Decatur
If you want to build a 3-bedroom, 2-bath bungalow in Decatur, IL, expect to pay between $91,000 and $128,000. The average cost is approximately $125,000. This estimate includes the price of land and labor costs.
- Pricing for a Craftsman Bungalow In Springfield
If you want to build a 4-bedroom, 2-bath craftsman bungalow in Springfield, IL, expect to pay between $125k -$165k (not including land). The average cost is approximately $150k. This estimate includes the price of land and labor costs as well as interior design fees which will run approximately $5k-$10k depending on what type of kitchen cabinets or countertop materials we use in your home (granite vs laminate).
Pricing for a Bungalow in Springfield
- Springfield, IL: $125,000-$175,000
- Decatur, IL: $100,000-$150,000
- Champaign-Urbana / Univ. of Illinois: $200-$300/sq. ft.
- Bloomington / Indiana University: $225/sq. ft.
- Peoria / Caterpillar’s Corporate HQ: $250-$400/sq.ft.
The cost to build a house in Central Illinois is between $80 sq. ft. to $110. A bungalow will be much less than building a two-story home.
- The cost to build a house in Central Illinois is between $80 sq. ft and $110. A bungalow will be much less than building a two-story home.
- The cost to build a house in Central Illinois is between $80 sq. ft and $110, but some materials are more expensive than others, so the price can vary greatly depending on what you choose for your home
- The price of building your own home depends on how many rooms you want and how big they are; if you’re choosing an existing plan from our catalog, we’ll give you an estimate based on those dimensions before you buy it.
In conclusion, it is possible to build a house in central Illinois for under $100,000. This can be done if you have the right building contractor and get the right price quotes on materials and labor.