Colorado’s Building Costs per Square Foot

Denver is known as the Mile High City. It sits at 5,280 feet above sea level. The city is home to many active people such as golfers and athletes, due to its high altitude. Skiers enjoy the view from the 200-foot-high mountain peaks of Denver and the proximity to the top ski resorts in North America. Denver’s stunning backdrops and semi-arid climate mean that it receives 300 days of sunlight each year.

It is a common question we receive from people who are interested in building their own homes in Colorado. It doesn’t matter if you want a two-story or one-story floor plan. You can also choose the finish level and the need for water/sewer. Over the years, however, we have found that it generally costs between $110 and $1120 to build a custom-built home in Colorado Springs. This price does not include the cost of the land on which it will be built.

Estimating Custom Home Costs

In 2018, the average cost of building a home in Denver, Colorado was more than $1,000,000 This is equivalent to a home of 4,000 square feet at $250/square foot

The average cost of a home is $235 per square foot. Additional costs for land, site development, financing, and construction are extra. A basic home built from a single piece of wood will cost approximately $150 per square footage, while a luxury home that is more expensive will run closer to $400 per sq. foot.

Cost To Build A House In Colorado

Colorado’s average custom home costs $225 per square feet to build. This number can be affected by factors such as the location, lot size, and the chosen finishings and choices.

According to This Old House’s report, the national average cost to build a home is $100-200 per square feet in 2021. A more extravagant home could cost between $200 and $500 per square footage. The price range for Denver per square foot falls within the national average. A few contractors have built 5,000-square-foot homes in Denver for $120 per square feet over the past few years. This is now almost impossible due to the natural rise in prices, which has also affected the pandemic. Everything has gone up since 2020, including lumber and labor prices.

Colorado’s Cheapest House Type

A two-story home is the most cost-effective to build. The two-story home offers more living space with the same foundation.

It’s cheaper to build up than it is to build out.

Ranch houses are more costly because they have a larger total area spread over one floor than on multiple floors. The large foundation, roof, and material costs can lead to higher construction costs.

Colorado State, USA: Residential Construction

Colorado Average House Price

These two cities have a median value of $300,000. to $700,000. The average house has three bedrooms, two bathrooms, a kitchen and a garage. The price of a house will vary depending on its type of construction, whether it is luxury or for a family of middle-class people.

Good Single Family Homes of Standard Quality

Colorado’s building costs per square foot range from $99.88 to $153.17 per square feet, with an average of $117.87 per square footage for private homes that are good standard.

Luxurious Single Family Homes

Colorado’s building costs per square foot range from $348.34 to $533.99, with an average of $411.09 for private luxury homes.

Colorado Builds New Homes

On average, new homes in Colorado will cost $400,000. New homes in Denver are currently being built at prices between $275,000 and $550,000. Denver’s cost of building a home is comparable to those in large American cities like San Jose, San Francisco, and Chicago. Colorado home prices are comparable to North Carolina’s new homes.

They account for around 83 percent of the construction cost of a home. This means that if you wanted to build a $400,000 home, the following would be the prices for the most costly parts:

  • Exterior finishes and wall framing: $56,000
  • Floor structure: $48,000
  • Plumbing: $48,000
  • Electric system: $40,000
  • Roof: $40,000
  • Foundation: $36,000

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