Keep the Construction Cost Consistent while Constructing a House
Apr 22, 2020 Home Trading Steps
In today's world, where buying an apartment from the builder is the trend among the buyers, some people still prefer to build their house by themselves, given the finances allow them to do so. Constructing a house requires a lot of clearances, formalities, dealing with labourers, getting in touch with interior designers and architects. The whole process from start to end needs to be properly streamlined. There can be instances where the cost can go over than expected. This can affect finances more than expected.
We share the tips that can help you in keeping your finances in check while constructing a house from scratch:
Cost of Construction: Old or new construction: Be it new construction or renovation of an already constructed building, both involve a lot of cost and expenditure. For the new construction, one has to add the cost of land, foundation, labour, and the cost of raw materials. For the renovation of the already constructed building, it needs to be kept in mind whether the building will be able to handle the construction. The renovation also involves specific changes in the building and the cost for the same needs to be added to the expenses.
Cost of the interior, furnishing, number of floors: The most significant expense that adds to the construction of the home is the furnishing and interior design. Before starting the construction, one should have a clear idea of what exactly they are looking for and budgeting accordingly. Sticking to your budget while proceeding with construction is extremely important.
Type of construction material: When starting the construction, make sure you are aware of the quality of the construction material used. The quality of construction material must be good as you do not want to invest in house maintenance for a few years after construction. Buying the raw materials from the wholesaler can bring down the cost. '
Availability of land: If you have to buy the land before construction of the property, make sure you add the cost of land to the construction cost as well. If the construction is being done on the already existing construction, then one does not need to worry about the cost of land.
Proceed with the construction: Construction of the building takes place in three phases: Consultation, Construction, and Finishing works. We discuss all three aspects in-depth to give you a clear idea of what every aspect involves:
We share the tips that can help you in keeping your finances in check while constructing a house from scratch:
Cost of Construction: Old or new construction: Be it new construction or renovation of an already constructed building, both involve a lot of cost and expenditure. For the new construction, one has to add the cost of land, foundation, labour, and the cost of raw materials. For the renovation of the already constructed building, it needs to be kept in mind whether the building will be able to handle the construction. The renovation also involves specific changes in the building and the cost for the same needs to be added to the expenses.
Cost of the interior, furnishing, number of floors: The most significant expense that adds to the construction of the home is the furnishing and interior design. Before starting the construction, one should have a clear idea of what exactly they are looking for and budgeting accordingly. Sticking to your budget while proceeding with construction is extremely important.
Type of construction material: When starting the construction, make sure you are aware of the quality of the construction material used. The quality of construction material must be good as you do not want to invest in house maintenance for a few years after construction. Buying the raw materials from the wholesaler can bring down the cost. '
Availability of land: If you have to buy the land before construction of the property, make sure you add the cost of land to the construction cost as well. If the construction is being done on the already existing construction, then one does not need to worry about the cost of land.
Proceed with the construction: Construction of the building takes place in three phases: Consultation, Construction, and Finishing works. We discuss all three aspects in-depth to give you a clear idea of what every aspect involves:
Step I- Consultation:
Hire an architect: Constructing a house requires exact measurements and knowledge of government guidelines. It is wise to hire an architect who can help you in constructing the house properly without any hassle. When hiring an architect to make sure the same has prior experience in the field. If you have certain doubts and questions, it is better to clear the with an architect before starting the construction.
Hire an interior designer: The interior of a house reflects the personality of the people residing. Hiring an interior designer can help you in deciding how you want your home to look like and what feel you want it to give.
Approval from authorities: Before proceeding with the construction, you will have to get a few permissions and support from the local authority. It is better to get done all the paperwork before starting the construction. Most approvals can also be taken online without having to visit the government offices.
Approval from authorities: Before proceeding with the construction, you will have to get a few permissions and support from the local authority. It is better to get done all the paperwork before starting the construction. Most approvals can also be taken online without having to visit the government offices.
Step II- Construction:
After you have sorted out the paperwork and hired the architect and interior designer, you can go ahead with construction.Hiring a builder: Hire a builder who has experience can help you immensely in sorting out the construction of the building without any hassle. Hiring a builder involves contract and agreement, and everything takes place keeping the terms in mind. A builder will make sure that the building construction is of optimum quality.
Hiring contractor: The construction of a house involves the construction of the building, the wiring, plumbing, whitewashing, etc. One can hire a contractor for every activity to make sure the work is streamlined, and quality is maintained.
Hire the labourer: Hiring the labourers are often tricky but talking and discussing with them directly will help you in making sure that the work is getting completed in time.
Hiring contractor: The construction of a house involves the construction of the building, the wiring, plumbing, whitewashing, etc. One can hire a contractor for every activity to make sure the work is streamlined, and quality is maintained.
Hire the labourer: Hiring the labourers are often tricky but talking and discussing with them directly will help you in making sure that the work is getting completed in time.
Step III- Finishing:
Depending on the extent of your building, the construction completion can take anywhere between 6 months to 1 year. Towards the end of construction, you should start with installing the interior of the building.
Installing furnishings: Painting, plumbing, and wiring take place at the last phase of construction. It is essential to keep the work to make sure it is going as planned.
Installing furniture: Most people like to have furniture made to match the aesthetic of the house. It is essential to get the furniture installed at this phase.
Finishing: During the finishing phase, the switchboards, leakage, taps, window panes, etc. get installed and checked. It is essential to make sure that all the pipes are working fine with no leakage and the locks on the windows and doors work fine.
Installing furnishings: Painting, plumbing, and wiring take place at the last phase of construction. It is essential to keep the work to make sure it is going as planned.
Installing furniture: Most people like to have furniture made to match the aesthetic of the house. It is essential to get the furniture installed at this phase.
Finishing: During the finishing phase, the switchboards, leakage, taps, window panes, etc. get installed and checked. It is essential to make sure that all the pipes are working fine with no leakage and the locks on the windows and doors work fine.
Bring down the cost of construction.
Constructing a house is expensive, and if not done wisely, it can burn a hole in your pocket. However, there are specific ways with which one can reduce the cost of construction.
Raw material sourcing: Raw materials add a significant cost in construction. It is better to source them from a wholesaler to reduce the cost considerably.
Do your research: Before starting the construction, it is better to research the pricing and the cost involved. One can even talk to someone who has recently got their home constructed. This will help you in finding the dealers who price the material's minimum.
Hiring on a contractual basis: Hiring the contractors on a contractual basis can benefit your expenses a lot. Rather than a daily basis, pay the contractors on a project basis. In this way, the contractors will not extend the construction of the building infinitely.
Raw material sourcing: Raw materials add a significant cost in construction. It is better to source them from a wholesaler to reduce the cost considerably.
Do your research: Before starting the construction, it is better to research the pricing and the cost involved. One can even talk to someone who has recently got their home constructed. This will help you in finding the dealers who price the material's minimum.
Hiring on a contractual basis: Hiring the contractors on a contractual basis can benefit your expenses a lot. Rather than a daily basis, pay the contractors on a project basis. In this way, the contractors will not extend the construction of the building infinitely.
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