If you are looking to move to Florida and want to get a home you love, sometimes construction is the way to go instead of buying. It is difficult to say that one is better than the other, as it depends on a whole host of variables, but here is what you should know when you are considering building a home in Florida.
Range of Cost
The first thing you should know is the average cost of constructing a home in Florida. It is simply not possible to lump all of Florida together, but you can reasonably expect an average range of $200,000-$400,000 to build a home. The price will change depending on location and proximity to popular areas.
Current Material Costs
Currently, there are many factors that are increasing the price of construction. Lumber and labor shortages and housing market increases have shot up material costs. However, the prices seem to be stabilizing at the moment.
Florida’s Strict Building Code
Building a home in Florida is a bit tricky compared to many other states because they have a strict building code. Heavy storms and hurricanes frequently occur, so the building code reflects that. Many places need impact windows and doors and strong construction materials to handle the high winds.
Building vs. Buying
The main thing you should know when looking to build a home in Florida is how it compares to buying a home. Currently, the marketplace is intense, and buying a home is quite expensive. However, there are still many homes that are cheaper to buy than build.
Keep these things in mind when deciding to buy or build in Florida, whether that means waiting for the market to change to better suit your needs or committing to your dream home build. Ultimately, whichever choice you make will be the right one.