![]() Of course, your exact costs will also depend on how much land you buy. An acre of land in Ohio costs about $30K on average. The cost of land for your new home depends on your location, but if you’re buying here in the Buckeye State, you’re in luck - it’s one of the more affordable states to build. What should be included in your new home construction budget? Land Spreadsheets are an effective way to track your budget and keep it updated.New construction home budgeting typically requires close partnership with your builder.Line items often bundled into building expenses charged by your builder (which come in at around $150 per square foot of home) include materials, permits, and labor. ![]() ![]() Site preparation is a separate cost that includes things like flattening land, removing debris, and readying soil for construction.The cost of land is typically calculated per acre, which here in Ohio is around $30K.Then we’ll jump into best practices for tracking it throughout the building process. First, we’ll cover what should be included in your budget. Building a home comes with many moving parts - and knowing how to make and track your overall budget is essential.īetween land and building costs, customizations, incidentals, and other personal costs related to the build, it can feel overwhelming to manage an entire new home construction budget and keep track of how the actual construction is going.
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