The cost to build a new construction in Illinois is much higher than it is in many other states. According to the website Houzeo, it costs an average of $380,189 for a 2,100 square-foot spec home in Illinois. This includes land costs, excavations, permits, and the materials you choose. The construction process typically takes nine to 12 months.

Depending on the size of your new house, you may have a few options for customization. For example, you can choose floor plans and interior finishes that align with your lifestyle and preferences. You can also select from a variety of exterior styles and materials. In addition, builders often provide builder warranties to reduce maintenance and repair costs.

What You Need to Know About New Construction in Illinois

New construction homes are built with the latest building materials, which are designed to be energy-efficient and durable. This translates to lower utility bills and reduced maintenance needs. Additionally, the technology in new construction homes is frequently updated, which means that you will have access to cutting-edge appliances, systems, and other features.

There are a few factors that affect the outlook for construction in Illinois, including rising material costs and labor shortages. The shortage of skilled workers has a direct impact on project timelines and increases overall construction costs.

A recent report showed that Illinois had the third lowest rate of new housing, which has driven up prices for residents. This trend is expected to continue unless structural reforms are made to the state’s pension and spending priorities.