The state capital of Ohio is Columbus which was known as ‘cow town’ in the old days.
The city has the Scioto river, trails, and huge interactive fountains. In addition, this city is famous for its German village, LEGOLAND discovery centre, Columbus Museum of Art, Columbus Aquarium & Zoo, and many more attractive places.
Nowadays, Columbus has developed a finance and education system with new technologies.
Columbus has gained popularity for the excellent job market and low cost of living. The city is a strong employment performer in the midwest for diversified economic advantages. This is an innovative and safe metro for building houses and living there for job holders or workers.
Right after the Covid-19 pandemic, this city has recovered so quickly.
The living cost of Columbus is cheaper than 10% compared to the national average in the sectors of housing, healthcare, and utilities.
In addition, because the city provides various job opportunities, many people are interested in moving to this city. If you are also interested in moving to Columbus and want to build your own house, then read this article thoroughly for more information.
Table of Contents
Average Cost To Build a House in Columbus Ohio
Before moving into a city, you should compare the rent and homeownership costs. The same rule applies to Columbus that you have to research the city’s environment to know better about the rent ratio.
For example, 14.5 is the ratio of price to rent in Columbus. The ratio is low, so it is best to build or buy a house there.
$145 per square foot is the approximate value to build a single-family house in mid-west Columbu.
For this kind of building project in Columbus, the total expenses might be $290,500 to $345,000, and per square foot, the cost might be around $150 to $175, according to Home Advisor.
Average Cost To Build 2000 square feet in Columbus
For a median house size of around 2000 square feet in Columbus, you have to spend around $157 per square foot approximately, and the total expenditure to build that house might be $310,500.
For a 2000 square feet house, you have to spend $100 to $250 per square foot, and the total cost will be around $200,500 to $400,500 on average.
The building cost of Luxury and custom-made houses is more expensive, like $200 to $550 per square foot, because of their complexity, customization, size, and quality.
Before estimating the final cost, you have to face many final cost-affecting factors to build a house in Columbus.
You have to consider the permit fees, land cost, design fees, and more.
According to the soft cost and hard cost categorization, we will guide you.
See also : How Much Does It Cost To Build A House In Dallas?
Soft Costs For Building a House in Columbus
Soft cost indirectly affects the building cost, and it is not directly associated with the building cost and includes additional expenses.
For example, land fees, design fees, engineer and architectural fees, permit fees come under the soft cost.
In addition, some other processes to be done for building projects that come under this segment are – utilities, documentation, certifications, insurance, and some other paperwork.
Design and architecture costs in Columbus Ohio
$3 to $20 per square foot is the average cost that an architect might be demand. If you hire an architect per hourly rate, he could be charged $120 to $260 per hour.
If he asks for a helper, the additional cost might be $44 to $95 per hour. 10-20% and 15-20% of the total construction cost might be spent on designing services and remodelling costs.
Approximately $2 to $8 could be the architectural fees in Columbus, Ohio.
Land costs in Columbus Ohio
As per the size of the land you purchase to build your house, you can estimate the land cost and the cost also depends upon the location of the land in Columbus.
You have to pay more for larger land, of course. $32,000 per acre is the starting cost of land, as per the data of Cleaver Real Estate.
The total expenses of a primary residence will be a steady price. Still, the land cost will be expensive to build a custom luxury house because of numerous amenities and furnishing.
This factor can affect the per-acre cost, depending on the construction suitability and location.
Permit fees and other costs in Columbus Ohio
Homeowners of Ohio must need a permit before starting the building process. The permit process covers utility permits, occupancy permits, septic permits. $480 to $2,050 is the typical permit cost.
Utility connection fees and inspection fees would be the additional permit fees that can increase the total cost. $670 to $810 can be the inspection cost.
You might be interested:
- How Much Does It Cost To Build a House In Pensacola Florida?
- How Much Does It Cost To Build A House In Omaha NE?
Hard costs for building a house in Columbus
The actual building of a house is directly related to the hard cost. For example, in Columbus, $114,000 to $229,000 can be the approximate construction cost for a house of 2000 square feet.
According to design, size, and location, the cost can differ, in Ohio, $290,000 can be a construction cost of a primary home, but the price can go up to $345,500.
$50 per square foot can be the cost of required materials for a 2000 sq feet house.
The additional materials and delivery costs are included in it. The price may vary due to the supply chain. The labour cost can be range from $1400 to $7550 for a 48-hour project.
The cost may increase according to the complexity.
$40,000 to $51,000 can be the cost of other miscellaneous fees, including preparation, planning, and clean-ups. If you want to add garages, pools, and extra living spaces, you have to increase the budget.
The Additional Cost for Building a House In Columbus
The additional cost can be added by building your hose custom-made for relaxation, enjoyment, and convenience.
This can raise your final cost but gives you satisfaction.
The approximate cost of some amenitie is
- Outdoor kitchen – $5500 to $22,000
- Pools – $35,000 to $99,000
- Garage – $25,500 to $50,000
- Balcony – $4950 to $10,000
- Porch – $5050 to $25,050
Conclusion
To build a house in Columbus, you can invest well because this city is an excellent place for investors and real estate. The city has a great chance of rising business and property improvement. According to some surveys, the city has a bright future in construction, education, medical facilities, and technology. So this is a good idea to build your own home.