What house can you afford on your budget?

Undoubtedly, it’s a wonderful experience to own a home. Besides giving you the freedom to design it according to your preferences, there is so much you can enjoy by owning a home. If you’re looking to build a home, below is a breakdown of the house structures and sizes that you can choose based on your budget.

Remember, the size of home matters a lot as far as the cost of a building is concerned – the bigger the house or, the more the rooms a house has, the pricier it will be. With that in mind, here’s is what you can build with your budget. 

  • Budget below $50,000 

If you have a budget of between $25,000 and $35,000, you can build a smaller but decent home of between 100 and 400 square feet. The house can include a one-bedroom, main room, kitchen, and bathroom. Most of such houses are built on trailers and are mobile. The cost may, however, exceed if you’re looking for high-end construction materials and luxury appliances. 

  • Budget below $100,000 

If your budget is between $60,000 and $100,000, you can build a beautiful but small house between 600 and 1000 square feet. This size is perfect for someone with a small family. Typically, it consists of two small bedrooms, a kitchen, a standard bathroom, and a living space. However, the cost may vary depending on the materials used as well as the labor costs and your location. 

  • Budget $150,000

This budget is perfect for a pole-barn or a shipping container house with no deep foundation. The house size may vary anywhere from 2,400 square-foot with shells costing $50 per square foot. 

With foundation, insulation, interior, appliances, and furnishings included, the house can cost you around $120,000 to $150,000. The price can vary based on the size of the home, price of the appliances, and the materials used. 

  • Budget Below $200,000 

If you have this kind of cash, you can build a decent modern home of between two to three small bedrooms and a living area. The house size can have an average size of about $1,300 square feet. Depending on the size of the house, materials used, location, and appliances used, this type of home typically costs between $150,000 and $200,000. 

  • Budget below $300,000

With a budget of between $250,000 and $300,000, you can build a modern three-bedroom home or two large bedrooms with pricey appliances and finishes. The house size could be anything from 2,000 Square feet. 

  • Budget below $400,000

With about $400,000, you can build a four-bedroom modest home of approximately 2,500 square feet. For some areas where labor and land are more expensive, this budget can build a 3-bedroom house. 

  • Budget under $500,000

With this kind of budget, you can opt for a modern, high-end design, and luxurious three-bedroom house of about $1,500 square feet. As well, this budget is ideal for a modern, elegant four-bedroom home of approximately 3,000 square feet. 

  • Budget below $1 million 

With such a cushy budget, you have a wide array of options. You can opt for a 4,000 square feet luxurious home or a $2,500 square-foot-home with expensive appliances, designs, cabinets, and aspirational flooring. The house size may be small or bigger, depending on the location. 


As you have seen, you don’t have to have $1 million to own a home. Depending on your finances, you can choose what works for you and proceed to build your dream home.