The structural steel market is worth over $285 billion and expected to grow to over $500 billion by 2026. This durable material can create anything from a two-car garage to a large company warehouse.
Despite the advantages, estimating the total cost to build a steel building can be difficult. There’s a wide variety of options for size and materials to choose from and so many factors to consider at once.
As long as you carefully examine your individual steel building project, you can determine how much it will cost. The more you know about how you want the building to look and what you want to use it for, the better.
Read our guide to learn all the things to keep in estimating how much it costs to build a steel building, including kits, sizes, components, and finishing costs.
The Real Cost to Build a Steel Building
Considering the costs of a project is always the best way to start, so you may be wondering, how much does it cost to build a steel building? It depends on a variety of qualities your steel building may have.
Some of the most important factors to keep in mind that affect the total cost to build a steel building include whether or not you use a kit, building size, components used, and finishing costs.
To Kit or Not to Kit?
For those without a great deal of construction knowledge, buying a prefabricated kit makes the process easier. They contain all the basic materials except for the foundation, flooring, and anchor bolts.
Your decision of whether or not to use a kit affects the average cost to build a steel building, but so does the type of kit you decide to buy.
The average cost for a steel pole barn kit with no foundation and the possibility of open or enclosed walls is $5,000-$30,000. Prefab steel building kits range from $5,000-$15,000.
The average cost to erect a steel building without using a kit is $8,000-$50,000, minus any additional costs such as labor.
A kit may save you time, making the process more efficient, and tends to be cheaper. A professional installation is more expensive but may provide a more customizable and permanent result.
Before you begin building a steel building, you should make a detailed plan for how you’re going to do it. Know what it needs to contain, and most importantly, how large it’s going to be.
Residential buildings like garages and sheds don’t have to be very large, so they’ll be cheaper to build. Larger commercial buildings like warehouses or factories require more square footage and tend to cost more.
Several factors affect the average cost per square foot to build a steel building. These include the type of components you buy, whether or not you use a kit, and what extras you add to your building.
It’s difficult to give a single average price because the designs for steel buildings and prices of their components can differ so widely. Still, if you know what you’re buying and have a plan, you can estimate the costs ahead of time.
Once you know the cost to build a steel building per square foot you’ll have to pay, you can start building. Make sure that you budget for the right amount of materials and ensure you have enough to build what you need.
Every part of your steel building contributes to the final price. The framing system alone usually makes up 10-12% of the total cost.
Steel costs change frequently and can even vary from day-to-day. That’s why you should do your research. Check how much the type of steel you want will cost and what the most affordable option is.
Keep in mind that structural steel is priced by weight. Know the dimensions of the steel building you want to create and the depth and weight of each steel beam you’re using to construct it.
Other components you may need include doors, windows, and utility products like lightbulbs or plumbing. Their costs and quality will also affect the final cost to build a steel building.
To get the best value for your money, you have to get the best products. Low-quality products will break within the first few months, requiring costly replacements and/or repairs. Check here for high-quality steel building components.
A steel building is more than just four walls and a roof, but some of the features you install to turn it into the type of facility you intend may lead to extra costs. These are known as finishing costs as they help finish the construction.
Examples of these extra fees include hiring workers and installing utilities such as electricity or plumbing. They can increase total costs anywhere from $20-$50 per square foot for small structures to $20,000-$50,000 or more for larger structures.
Ignoring finishing costs will give you an incomplete final estimate and create a steel building that doesn’t achieve its purpose or perhaps even fails to meet legal regulations. Imagine a workplace with no bathrooms or shed with no air conditioning!
These are only some of the extra costs you may face when building a steel building. You should always determine which extra fees you’ll have to pay before you start your project. This will allow you to include them in your budget.
Where Can I Learn More?
Estimating the cost to build a steel building is one of the more difficult home improvement budgeting tasks to get used to. It requires knowing exactly what kind of building you want to create and how it should be used.
The major factors that affect the total costs include whether or not you use a kit, the size of the building, the components you use, and total finishing costs. Use these to create a budget and determine how much you’ll have to pay. The more you know about what affects steel building costs, the more you can be prepared when it comes time to pay.
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