This Map Shows The Cost Of Building An Average Home Around The World
204views
With house prices continuing to rise, building your own home sounds like a good way of beating real estate agents at their own game.
But unfortunately, you might not save as much money as you’d think.
The map below from Capital on Tap shows the cost of constructing the average size home in 50 different cities, and even though it doesn’t include the cost of land or local taxes and fees, the prices are still pretty eye-watering.
At a cost of nearly $500,000, New York is the most expensive place in the world to build your own home. Likely driven by the high demand for contractors and supplies, there’s also the lack of free space to consider.
More than likely you’ll have to buy an existing plot to demolish and then there’s a whole mess of rules, inspections and zoning laws to deal with which likely makes it all way more hassle than it’s worth.
On the other side of the country, San Fransisco is the second most expensive place in the world to build, then just a few hours north is Vancouver in third.
More info: capitalontap.com
The cost of buiding and average home in 50 cities aroudn the world.
With house prices continuing to rise, building your own home sounds like a good way of beating real estate agents at their own game.
But unfortunately, you might not save as much money as you’d think.
The map below from Capital on Tap shows the cost of constructing the average size home in 50 different cities, and even though it doesn’t include the cost of land or local taxes and fees, the prices are still pretty eye-watering.
At a cost of nearly $500,000, New York is the most expensive place in the world to build your own home. Likely driven by the high demand for contractors and supplies, there’s also the lack of free space to consider.
More than likely you’ll have to buy an existing plot to demolish and then there’s a whole mess of rules, inspections and zoning laws to deal with which likely makes it all way more hassle than it’s worth.
On the other side of the country, San Fransisco is the second most expensive place in the world to build, then just a few hours north is Vancouver in third.
More info: capitalontap.com
The cost of buiding and average home in 50 cities aroudn the world.
204views
Share on Facebook
I don't know about other countries but the land cost is more than a house build so for example In Sydney the average cost for a block of land is $495,000, then add on the costs of building the house of $349,000 (Not the $279,000 written on the map). On top of that you have stamp duty, application fees and other government and lending taxes/fees etc. https://www.realestate.com.au/advice/how-much-does-it-cost-to-build-a-house/#:~:text=The%20cost%20of%20the%20land&text=According%20to%20The%20Urban%20Development,and%20Adelaide%20%24400%20per%20sqm.
Exactly, its the same here in Belgium. This comparison means nothing without the cost of land and without the taxes.
Load More Replies...
I don't know about other countries but the land cost is more than a house build so for example In Sydney the average cost for a block of land is $495,000, then add on the costs of building the house of $349,000 (Not the $279,000 written on the map). On top of that you have stamp duty, application fees and other government and lending taxes/fees etc. https://www.realestate.com.au/advice/how-much-does-it-cost-to-build-a-house/#:~:text=The%20cost%20of%20the%20land&text=According%20to%20The%20Urban%20Development,and%20Adelaide%20%24400%20per%20sqm.
Exactly, its the same here in Belgium. This comparison means nothing without the cost of land and without the taxes.
Load More Replies...
-1
5