Are there any affordable homes being built in Port St. Lucie? Are there any affordable homes being built anywhere? If you have watched or listened to the news – or spoken to your friends, family, neighbors, coworkers…. you know that the housing market is a wild roller coaster. That’s pretty much a given, but particularly now, it’s an even wilder ride. If you are ready to make your dream house a reality, the cost is at the top of your priority list. What can you expect when it comes to your budget? Specifically, what is the home building cost in Port St. Lucie?
Building a Home? The Cost in Port St. Lucie
Pulling from the most recent figures, we can tell you that the cost of building a home in Port St. Lucie is approximately $94.85 – $ 140.84 per square foot, with an average of $117.85. This is for “basic construction.”
This includes foundation work, industry-standard building materials, basic finishes, and cleanup. It does not include the cost of the land, blueprints, and upgraded materials, such as spray foam insulation, premium countertops, decks, etc.
Let’s put this into perspective. The average home size in Florida is about 1,375 square feet. This puts the cost of building at between $161,245 – $239,428. But remember, this is basic construction, which does not encompass many of the other considerable costs associated with a home (notably: land and anything other than the bare minimum in terms of materials).
Realistically, you are looking at twice that when all is said and done. Of course, we must also consider other factors, such as the current real estate market. Currently, homes in Port St. Lucie are in line with averages for comparable cities. This is also a highly desirable area, so now is the time to make your dream of homeownership a reality. We can expect prices to trend up in the future.
How does Port St. Lucie compare when it comes to the cost of living? Let’s take a look at Best Place’s Cost of Living Index for some answers. Overall, Port St. Lucie has a score of 100, which is right in line with the national average. It’s lower than Florida’s 102.8, meaning Port St. Lucie is a bit less expensive than the state average.
What are some factors that are considered in this score?
- Housing. Port St. Lucie scores a 96.9 here, lower than the national average and significantly lower than Florida’s 102.6
- Median Home Cost. The median cost is $288,500, compared with $294,900 for Florida and $291,700 for the nation
- Utilities. Again, Port St. Lucie is lower than the national average at 93.9 and almost ten points below Florida’s 101.3 score.
There are some areas in which Port St. Lucie is higher than the national average, such as transportation, health, and groceries. These are all factors to consider as you embark on the custom home journey.
Affordable Homes Built in Port St. Lucie
Asking “What does it cost to build a home in Port St. Lucie” is a bit vague – and perhaps discouraging at first. Can you build a house for $2 million dollars? For $5 million? $20 million? Yes, of course, you can. But can you build one for under $500,000? Also yes.
The best place to start is by having a firm figure in mind and then talking to a local home builder. Model homes, which can be customized in many ways, offer a variety of footprints and price points, ensuring “affordable” is actually affordable for you. You can use this free model home comparison guide to get an apples-to-apples look at real costs across models in Port St. Lucie.
Consider Long-Term Costs
Long-term expenses are an important part of the equation. Yes, you may be able to build a custom home for $X – but how much is it going to cost you in years to come? For example, if you scrimp on insulation, windows, and appliances now in order to save money, you will inevitably pay more when it comes to your utility bills… month after month after month.
Given our long, hot, humid summers, you can save $8000 in materials while building – but you can easily spend $20,000 in increased energy costs over the first several years. Paying a bit more for quality upfront will certainly save you in the long run. Think beyond the mortgage: what will it cost to run your home?
Long-term value is another critical consideration. Energy-efficient homes retain value better during slow economic times; they also build more value during upturns. If you want to leave the possibility of selling in the future open, you can achieve a higher return on your investment when you opt for energy-efficient materials and building techniques.
Again, it may cost a little more upfront, but you will recoup this both in terms of your monthly utility bills, future operating costs, and potential resale value.
For Affordable Homes Built In Port St. Lucie, Choose Synergy Homes
Synergy Homes is committed to delivering the best quality and the most elegant homes in Port St. Lucie. We integrate advanced building sciences and materials to ensure the highest level of energy efficiency and performance.
If you have questions about building a home on your budget, contact the Synergy Homes team today.