How much can I expect to spend in construction costsas a percentagein relationship to the cost of my lot?
A. As a general rule of thumb, construction costs will be three times the cost of your lot. For example, if you have purchased a lot for $200,000, you should allocate $600,000 for construction costs, bringing the total cost of the home to $800,000. This is only a rule of thumb and shouldnt be used blindlythere are a lot of variables involved. However, for sake of figuring this works fairly well.
