It's definitely possible if you already have the land. But it really depends on what you're looking to do, quality of finishing work, whether you're also budgeting for appliances in those 100K, and how involved you'll be. Construction costs go up significantly if you're not there to supervise the work.Looking to construct a 2 bedroom home..but hearing that construction cost has dramatically increased, is it possible to build a home no more than $100k..fortunately, we already have the land.