The invention relates to a building method of an imitation wood villa with a steel structural framework. The method includes the steps of 1, reserving steel-plate embedded parts according the number and position of steel columns; 2, connecting the middle and top end of the steel columns to ring beams in a second light steel keel floor plate and a steel structural framework respectively; 3, mounting decorative columns inside and outside the steel columns; 4, anchoring a plurality of square steel tubes to two sides, with no decorative columns, of the steel columns, and inserting and fixing GRC imitation wood wall veneers into the square steel tubes; 5, mounting door jambs and window frames; 6, anchoring inorganic-plate base linings onto the second light steel keel floor plate, and laying floor material; 7, welding or anchoring a roof to the ring beams; 8, subjecting exposed connections of the GRC simulation wood veneers to caulking and the like, and facing with varnish to complete construction of the villa. Through the application of the method, the problems that the traditional building method causes high cost, low speed, failure of fire proofing and the like are solved; the building method is widely applicable to the building field.