Building Costs

Factors affecting overall cost:

 

1. Property Location: 

Where you build affects both property and construction costs. Land costs differ between urban and rural areas, and material and labour expenses can vary as well. Climate also influences building design; for example, coastal homes need thicker roofs.

 

2. Floor Size:

Floor size is a major factor in determining the cost of a home. Measured in square meters, a larger floor area will result in a higher overall price.

 

3. Quality and design:

Higher quality materials and finishes, such as plaster and paint, increase expenses. Complex designs and structural features add to the cost, as do the type and quality of the soil, which impacts foundation work. Thicker or higher walls require more materials and labour, further affecting the overall cost.

 

4. Professional fees:

Professionals who will need to be involved in the construction of the home include the architect, various engineers and possibly a quantity surveyor and geologists. Although hiring these professionals adds another layer of cost It's essential to involve professionals in your building process to ensure accuracy, compliance with regulations, and high-quality results, which leads to a safe, durable buildings with higher value.

 

5. Miscellaneous Fees:

Approval fees for plan approval vary by local authority and location. Costs for connecting to utilities like water, sewer, and electricity also differ by local authority. Additionally, there are transfer costs and mortgage fees.

 

6. Building Materials, Finishes and Labour:

All materials required to build the outer shell of the building, such as bricks, cement and windows as well as Cupboards, lights, kitchen and bathroom fittings; and so on. Remember to factor in labour costs.