If you’re planning to build a new home in Kansas City, it can be expensive. The cost of building a new home is about 5% higher than the national average, including the cost of materials and construction time. A typical new house in Kansas City is approximately 2,700 square feet in size.
Construction materials are 5% above the national average.
The construction costs of a home in Kansas City are 5% higher than the national average, consistent with other cities across the country. Prices are comparable to those in neighboring states such as Ohio, Pennsylvania, Colorado, and Washington. However, if you are looking for the cheapest place to build a home in Kansas City, you should consider moving to a state with lower building costs, such as California, Texas, or New Jersey.
Houses in Kansas are generally made of cement or brick, while wooden houses are usually only found in the poorest neighborhoods. These wooden houses are prone to mold and moisture. However, you can quickly renovate your home if you are willing to spend more money.
Home prices in Kansas City increased 17.8% in the last year and seventy percent in the past five years. This is not indicative of the entire state of Kansas, but the home values in Kansas City have been on the rise. Despite the high price tag, there is more demand for new homes than available inventory. During October 2021, 690 single-family residential permits were issued in the city, which was a 19% increase compared to the same month in 2020.
Lumber is another material costing more than the national average. Although lumber prices have decreased since June, the retail price may not return to its previous levels. Prices at Great American Building Materials increased by 5% to 20%. The most significant increases have been in windows and siding, with smaller increases in odds and ends. Furthermore, the shortages of these materials have caused delivery times to increase.
Construction time is 4-5 months.
According to the Census Bureau’s 2020 Survey of Construction, the average construction time for multifamily buildings is 17.4 months. This number is relatively unchanged from previous years, though it has been on the rise. The South, on the other hand, has experienced the fastest construction times.
If you are looking to build a new home in Kansas City, be sure to know how long construction will take. The construction time can vary significantly based on the design and type of dwelling unit. A two-family team can take as little as nine months, while a five to nine-family crew can take more than 16 months. Regardless of the number of units, you are building, keep in mind that construction time for a single-family home is around four to five months.
In general, the construction time for a single-family house in the Midwest is slightly shorter than in the Northeast. Single-family house construction in the Midwest took an average of 7.4 months in 2020, compared to 6.5 months in 2001 and 6.9 months in 2011. Of course, these numbers vary by project type and the level of complexity of the construction. For example, a spec home in Kansas City is expected to take about six months to complete, while a contractor-built home will take an average of 10 to 11 months.
Construction time varies by region, but it is generally shorter than in the Northeast or Middle Atlantic regions. A single-family home in the Northeast took an average of 4.4 months in 2001 and 5.9 months in 2011. A single-family home in Kansas City typically takes between five and nine months in the Midwest.
Several factors can delay construction, including pre-construction, permits, workers, supplies, and the environment. However, knowing what to expect will help keep you calm and avoid unnecessary delays. For example, when it comes to the pre-construction phase, the most important factors to consider include clearing the lot and preparing the foundation. These activities can cause delays, especially if unexpected issues crop up.
The average size of a home is 2,700 square feet.
According to the US Census Bureau, the average size of a home in Kansas City is approximately 2,700 square feet. In contrast, the average home in Illinois is about 1,632 square feet. That said, new builds are usually much more significant. Size is not always the deciding factor when buying a home. Most buyers talk about how much space they need for their families, not how big they want the house to be.
In other parts of the country, average home sizes are smaller, as in North Dakota. Despite a recent trend, home sizes in the state are still below the national average. The median price for a three to a four-bedroom home in North Dakota is $235,000, above the national average.
While larger homes are more expensive to build, they have higher perceived value for homebuyers. Larger homes tend to be farther from urban centers, so transportation costs and commute times will increase. Many works from home during this pandemic, but that trend will not likely continue indefinitely. Some people enjoy commuting, but others find it a hassle.
While Kansas City is one of the largest cities in the country, it is not without its pitfalls. Despite the large number of new homes being built in the city, the average home size in the metro is still just under two thousand square feet. The median price of a home in Kansas City is $175,000, making it one of the most expensive states in the country for housing.
The average size of a home in Kansas City is almost exactly half the national average. A three-bedroom home in the metro area is about 1,782 square feet. Home prices are rising quickly in Kansas City, mainly due to the low housing supply and high demand. However, homes are selling swiftly compared to other metro areas. This is a sign of the growing seller’s market in Kansas City.