Free tool · about a minute
Construction cost planner
Estimate the full cost of your project, including the land and the site work that often gets left out of the first quote.
Your project
Enter $0 if you already own your land.
From your builder or dealer.
Well, septic, driveway, foundation, utilities, grading, and delivery and setup. Ask your builder or dealer for an estimate, and try not to leave it at zero.
A cushion for surprises, as a percentage of the home and site work. Our standard is 10% for site-built homes and 0% for manufactured homes. Some builders and contracts need more or less. For example, a builder with a fixed-price contract may need less.
Your estimate
- Land
- $60,000
- Home and site work
- $325,000
- Contingency
- $32,500
Estimated total project cost
$417,500
This is your project cost, not your loan amount. Your loan depends on your down payment, any land equity, and your loan program.
Bring this to a free consultation (opens in a new tab)Estimate only. This is not a loan offer, a rate quote, an APR, a pre-qualification, or a commitment to lend. Your actual costs and loan terms depend on your project, the appraisal, and underwriting. We offer NewBuild construction loans in Tennessee, Virginia, North Carolina, South Carolina, Georgia, and Kentucky.
Good to know
What this estimate doesn't include
Closing costs, prepaid items like taxes and insurance, interest during construction, and any upgrades added after your contract aren't included here. We'll add all of them on your OTC Worksheet, so you see your real cash to close before you commit.
Why there's no payment estimate
A monthly payment depends on your loan program, interest rate, and terms. We'd rather calculate it with you accurately than guess here. Your OTC Worksheet shows estimated payments for both stages: during construction and after your home is finished.
Already own your land? See you already own the land. Building for the first time? See building for the first time.
FAQ
Frequently asked questions
Is this a loan offer?
No. It's an estimate of your project cost to help you plan. All loans are subject to credit approval and underwriting.
I already own my land. What do I enter?
Enter $0 for the land purchase price. Land you own may also help with your down payment, which we'll factor in on your first call.
How do I estimate site work?
Ask your builder or dealer. Site work depends heavily on your land: whether you need a well or septic system, how long the driveway is, and how much grading the lot needs. If you're not sure yet, it's better to include a rough number than to leave it at zero.
If VA often means no down payment, will I need any cash?
Usually some. Closing costs, prepaid items, and anything the contract doesn't cover can still require cash. We'll show you the full picture before you commit.
Your land. Your build. Let's talk it through.
A free consultation is 20 minutes. We cover your land, your eligibility, and the right loan structure. No application required.
Tennessee · Virginia · North Carolina · South Carolina · Georgia · Kentucky
20 minutes · no application · no commitment
NewBuild is led by the Arrowood Team at Preferred Rate. 260+ five-star Google reviews.
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