The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

Cost of Building a Shipping Container Home (2023)

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The trend of building homes from shipping containers has existed in the United States for a while in real estate. People are turning these structures into homes and stacking containers to create larger living spaces. But what is the average cost and process of Building a Shipping Container Home? Let’s explore

how much does it cost to build a container home?

How Much Does a Shipping Container Home Cost to Build? 

Shipping container homes can cost between $15,000 and $35,000 to build. However, larger homes made from multiple containers can cost over $100,000. The final cost will dependcontainer home on the home’s location, the type of foundation used, the features included, and the size of the container purchased.

Despite the modern features, building a shipping container home is just as challenging and expensive as building a traditional home.

Are Container Homes Cheaper to Build?

Shipping container homes are significantly cheaper than traditional homes, with a single container home costing around $30,000 to build compared to $90,000 for a similar size traditional home.

How Do You Build a Shipping Container Home?

If you’re planning on building such a home, it’s essential to familiarize yourself with the process. There are a few steps: looking into the land, setting a foundation, purchasing a shipping container, installing Insulation, and finding amenities.The expense will increase due to the different costs associated with each step.

1. Look Into Land

Before creating a shipping container home, research the land cost in your desired area. You will need to purchase a plot of land to build on, and prices vary by state and type of land. Once you have your land, your home will be in a fixed location.To buy land, look into land prices first.

2. Set a Foundation

Once you have land, you must lay a foundation for your home. There are three types of foundations: trench, slab, and pier. Trench foundations involve digging a hole and filling it with concrete. Slab foundations require laying concrete before placing the shipping container. Finally, pier foundations involve columns to elevate the structure and keep it dry.Protect your home from weather and other damage with a foundation. The trench foundation costs less at around $4500, while the pier foundation costs more.

3. Purchase a Shipping Container

You can purchase a new or used shipping container to build your home. Opting for a used one can be a more cost-effective solution, but it may have sustained damagebuild a container home from previous use. Meanwhile, a new one will only have been used by you and will cost between $3000 and $5000, with some models costing up to $8000.

4. Install Insulation

After placing your container on the foundation, the next step is to insulate it. Insulation will maintain comfortable temperatures inside your home throughout the year.

Typically, it costs around $3000 for a 2000 sq. ft. home. You can estimate how much insulation you will need by measuring your container.

5. Find Amenities

Make your shipping container home livable by installing amenities like plumbing and electricity. You can add flooring and wallpaper to make it feel like a home.

How Long Do Container Homes Last?

They are durable and eco-friendly, surviving up to 25 years. Regular maintenance can extend their life.Did you know that shipping containers can last up to twenty-five years? They are affordable and resilient to various weather conditions, making them a sustainable choice. It’s impressive how long these containers can withstand the test of time!

To ensure your home lasts as long as possible, keeping up with maintenance is essential. Neglecting repairs could result in a shorter lifespan for your home, possibly only lasting 15 years. Proactively addressing any damage promptly can help extend the structure’s longevity.

How Much Do Pre-Built Shipping Container Homes Cost?

If you don’t want to put in the effort of building a shipping container home, you can invest in a pre-built one that comes fully equipped. Pre-built homes cost between $20,000 and $50,000 and can have simple or complex designs. Remember that not every pre-made choice will be ideal for your life, so save money to upgrade and customize the home to fit your dreams.

When selecting a shipping container home model from a company, they usually offer you a few options. It’s essential to remember that not every pre-made opportunity will be perfect for your needs and lifestyle. Setting aside funds to upgrade and personalize the home to align with your dream home is recommended. Customization plays a significant role in the creation of shipping container homes.

Is A Shipping Container Home Worth It?

We have extensively discussed the expenses involved in constructing a shipping container dwelling. Is it a worthwhile investment of your resources and efforts?They offer cost-effective, durable, and customizable living spaces. They are perfect for individuals or small families and can quickly be sold if you choose to move. For the right consumer, those homes are a significant investment.Consider shipping home containers if you’re looking for a cost-effective, durable, and fun way to experiment with your living space. They provide ample room for small families or individuals to live comfortably. With the housing market embracing experimental homes, it’s also easy to sell the space if you decide to move. For the right consumer, shipping container homes are worth considering.

Building a Shipping Container Home Cost Bottom Line

Although a shipping container home is cheaper than a stick-built home of similar size, you still need to save and budget accordingly. A small shipping container home costs a minimum of $10,000, while a larger one using multiple containers costs much more. The cost of land comes on top, of course.

Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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