Important Home Construction Tips before Building a House
Calculating the overall cost of building construction is a complex process. A difference may occur in between anticipated costs and actual expenses can lead to project failures, irrespective of whether it is a residential or a commercial property. It is also a difficult component of the total housing cost, the magnitude of which is very high in most of the big Indian cities. Effective cost management and value engineering are keys many professional builders rely on for ensuring a profitable business. If you have decided to construct your own house, here are some tips to save on the cost of your home construction. The cost of home construction can be mainly divided into 5 categories. Land Cost: Cost of owning a land parcel for House construction Design Costs: This includes architectural, structural and MEP design of the building Laisoning Costs: Includes fees for government approvals like government land survey, plan approval etc. Material Procurement Costs: Includes purchase of materials like cement, steel, sand, aggregate, bricks, blocks, tiles and other finishing materials Labour Costs: This includes the manpower costs for construction of RCC structure, brick work, and plastering, other finishing works and external development (Like compound wall, hardscaping and landscaping) Well-constructed and properly erected walls can save as much as 20-25 per cent of the construction cost, due to savings on cement. This is a considerable amount as construction budgets tend to go beyond almost 90 per cent of the times.