Cost of building

Knowing the average building costs will help you adjust your plan to meet your home construction budget.

Here are tips to help you estimate the amount of money needed for your new house project.

1.) Contact house builders
Get in touch with contractors who build houses that are similar in size, style, quality, and features to the home you want. The contractors will tell you how much per square foot they usually charge for building a house

More importantly contractors can also give you an idea of what your house might cost. However, it is recommended that you ask to know exactly what is included in the price. Most builders will give you a list showing the materials they will use.

2.) Count the square footage
Look at a newly built home that is similar to the one you want. Get the price of the home, subtract the price of the land, and divide that amount by the square footage of the home.

For example, if the house is selling for

Sh2, 500,000 and the land costs Sh500,000, then the construction cost is around Sh2, 000,000. If the home is 2,000 square feet, then the cost per square foot is Sh1,000.

 

It is recommended that you compare several new homes in your area to get an approximate square footage price.

3.) Quality finishes
Keep in mind that high quality finishes significantly increases the construction costs. Constructing a house in Kenya goes for Sh 33,000 per square meter, although a larger home may have a lower square footage cost than a smaller home. The average size of a 1 and 2 bedroomed unit is 35 and 60 square meters respectively.

4.) Be keen on the features
The features of the house you want to build greatly influences the construction cost. For example, increasing the size and number of windows, use of vaulted ceilings and high roof pitches can greatly increase the cost of a home.

5.) Size of the house
The size of your house is also an important consideration. This is because the building cost per square foot is often higher for a small home than that of a larger home. When putting up a bigger house, the cost of pricey items such as a bathroom or kitchen is distributed over more square footage.

Last Updated: Tuesday, 16 December 2014 06:14

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