By some estimates, according to Building Advisor, preparing land for development can cost as much a $2 per square foot. So, a half-acre lot, which is about 20,000 square feet, can cost $40,000 to prepare.

How much does it cost to build a 1 acre home?

The cost of your lot depends on where you live: Land in urban areas costs $511,000 per acre on average and can go for even more in the most expensive cities.