Moving to a new house

When looking for an area to settle down with your family, you shouldn’t just consider whether home builders are nearby. There are financial, economic, and cultural considerations as well. Today, let’s look at the top three reasons why a home in Tulsa, Oklahoma, shouldn’t be far off from your radar:

Reason #1: Affordable Home Building

According to a Home Builder Digest article, it will cost around $400,000 to build a 2,600-square-foot house in the United States. This is the average cost for a standard home with moderate-grade materials. The price can go up depending on the size and quality of the materials and the level of detail in the construction.

But much like its lower cost of living, future Tulsans can expect the same trend when consulting home builders. In Tulsa, constructing a home is much cheaper than the national average, with basic construction at $120 per square foot. Expenses like land costs, design costs, and permit charges are not included. If these are factored in, it will add to the overall cost and make it $140 per square foot. 

A more affordable option would be the range of $100-$139 per square foot. For those looking to build a more luxurious home, the price will be around $215 per square foot and higher. At this point, remember that the numbers offered here are just estimates. The costs can still go up or down depending on the implications of the pandemic in the construction sector. 

The cost of constructing a home can be divided into two categories – hard costs and soft costs – and both come with their variables.

Reason #2: A Growing Economy

The city of Tulsa has been transformed from a former oil hub to a modern metropolis. Major industries, including aerospace, finance, manufacturing, and technology, bolster its economy. To help drive economic growth, Google and Amazon have recently committed to investing in Tulsa and creating over 2,000 jobs in the area. This will boost the local economy and provide more opportunities for current and future Tulsans.

Tulsa’s economy is growing, and the city’s cost of living is significantly below the national average, making it an attractive destination for people looking to move. The influx of new residents has pushed the population to over 1 million for the first time, with an additional 7,000 people coming in the last year. This low cost of living helps ensure that Tulsa’s growth continues, making it a great choice for a new home.

Reason #3: Its Upcoming Market Status

As shown by CBRE, a leading provider of real estate services across North America, Tulsa is starting to get recognition as a great spot for tech talent. The city recently made the list of the top 75 tech markets in the U.S. and Canada, as determined by CBRE’s Scoring Tech Talent Report. This report evaluated Tulsa’s potential to draw in and nurture tech talent.

The report revealed that paychecks in Tulsa related to technology have increased, with wages increasing by 12 percent in recent years.

In Closing

A growing economy, a fertile job market, and a low cost of living are more than enough reasons to settle down in Tulsa, Oklahoma. Ensure you find the right builders so your family can enjoy your new home for decades.

Build with Banner Custom Homes

We’re the home builders in Tulsa, OK, for fulfilling your vision of a dream house. We do construction, contracting, and design for residential projects, so get in touch with us through our website or call us at (918) 724-6356 right now!