1Standard 2,000 sq ft Home (Midwest)
Inputs
Result
Base = 2,000 × $150 × 0.95 = $285,000. Garage = $35,000 × 0.95 = $33,250. Total = $318,250. Mortgage at 7% with 20% down: $1,694/month.
House Construction Cost Calculator
Estimate total cost to build your new home
Total Project Cost
$285,000
2,000 sq ft · Standard · Midwest (OH, IL, MI)
Cost per Sq Ft
$143
Construction Only
$285,000
Additional Features
$0
Est. Monthly Mortgage
$1,517
Inputs
Result
Base = 2,000 × $150 × 0.95 = $285,000. Garage = $35,000 × 0.95 = $33,250. Total = $318,250. Mortgage at 7% with 20% down: $1,694/month.
Inputs
Result
Base = 3,000 × $225 × 0.92 (2-story) × 1.30 = $806,220. Features = ($35K+$15K+$10K) × 1.30 = $78,000. Total ≈ $884,000.
Building costs range from $100-350+ per square foot depending on quality. Economy: $100-130/sq ft, Standard: $130-175/sq ft, Premium: $175-250/sq ft, Luxury: $250-500+/sq ft. Location adds 10-30% variation.
| Quality Level | Cost/sq ft | 2,000 sq ft Total |
|---|---|---|
| Economy | $100–$130 | $200,000–$260,000 |
| Standard | $130–$175 | $260,000–$350,000 |
| Premium | $175–$250 | $350,000–$500,000 |
| Luxury | $250–$500+ | $500,000–$1,000,000+ |
A 2,000 sq ft home costs $200,000-700,000+ to build. Standard quality in average-cost areas: $250,000-350,000. Premium quality: $350,000-500,000. Add $50,000-150,000 for garage, landscaping, and site work.
Building typically costs 10-20% more than buying an existing home, but you get a newer home with modern efficiency, warranties, and exactly what you want. In hot markets, building can actually be cheaper than buying.
Framing and structure is the largest single cost at about 18% of total. Interior finishes (15%), foundation/site work (12%), and exterior finishes (12%) follow. Plumbing and electrical each account for about 10%.
| Category | % of Total | Cost on $300K Build |
|---|---|---|
| Framing & Structure | 18% | $54,000 |
| Interior Finishes | 15% | $45,000 |
| Foundation & Site | 12% | $36,000 |
| Exterior Finishes | 12% | $36,000 |
| Plumbing | 10% | $30,000 |
| Electrical | 10% | $30,000 |
Read our guide
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Last Updated: Mar 9, 2026
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