Plans and permitsīefore any work can commence, start with a plan and secure any necessary building permits. A qualified real estate agent can explain the nuances in your region of the country. If this sounds confusing to you, don't worry. If you're buying a typical ⅛-acre lot in the suburbs, it could cost $40,000, making the per-acre cost $320,000. This all depends on where you live, though. For instance, you may purchase one acre of land for $40,000, but if you buy a 100-acre farm, the per-acre cost could be reduced to around $10,000 because the property is sold as farmland, not individual building lots. Land prices vary by size, location, and real estate market trends. Before you drive a single nail, the costs to build a home start adding up.
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