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How do you estimate the cost of your New Home?
Of course it is not easy. Here is some tips for you to know how much your dream house will cost. That can help you modify your plans to meet your budget.
1. Contact Local Builders
Meet with builders who construct houses that are similar in size, quality, and features to the home you want. Builders will tell you how much per square foot they usually charge for home construction. They can also give you a ballpark idea of what your dream homemight cost. However, it is important to know exactly what is included in the price. If you ask, some builders will provide you a list showing the materials they will use.
Look at newly constructed homes that are similar in size, style, quality, and features to the home you want. Take the price of the home, deduct the price of the land, and divide that amount by the square footage of the home.
For example, if the home is selling for $230,000 and the land costs $30,000, then the construction cost is around $200,000. If the home is 2,000 square feet, then the cost per square foot is $100.
Use several new homes in your area to get an approximate square footage price. After you have calculated an average square footage cost, you can multiply that cost by the finished square footage of your house plan to get a ballpark estimate.
In Kenya, you can make use of the Official Journal of the Institute of Quantity Surveyors of Kenya to obtain the rates (Cost per Square Metre) for building works excluding site works for Central Region (Nairobi), Coastal Region (Mombasa) and Western Region (Kisumu). The Journal is titled The Quantity Surveyor
However, care should be exercised in comparing costs of various buildings without considering other factors like:
The most expensive areas in a home are usually the bathrooms and the kitchen. The number of windows and the size and quality of windows can also affect the cost. Vaulted ceilings and high roof pitches can increase the cost of a home. When using other homes to calculate an estimate, be sure the home has a similar style and features of the home you plan to build.
The cost per square foot is often higher for a small home than that of a larger home. When building a larger home, the cost of expensive items (such as a furnace or kitchen) is spread over more square footage. Consequently, a larger home may have a lower square footage cost than a smaller home. Also, it usually costs less to build a two-story home when compared to a one-story home that has the same square footage. This is because a two-story home will have a smaller roof and foundation. Plumbing and ventilation are more compact in two-story homes.
Small details in the design of your home can make a big difference in the price. To save on costs, begin estimating construction expenses before you select your final blueprints. Here are important factors to consider:
* Size of Home
When building a home, it’s best to work with even numbers. Have your home size rounded up or down to increments of two feet. This reduces wasted materials. Also, it’s most economical to build a home which is no deeper than 32 feet. If the depth exceeds 32 feet, then your roof trusses may need to be specially designed and will be more expensive.
* Shape of Home
Homes that have a rectangular or box shape cost less to build. Having more angles and corners in the shape of your home can increase the amount of labor and materials needed to build a home. Dome shaped homes also make efficient use of materials and tend to cost less than other shapes.
* Site Preparation
Preparing a site for construction can have a big impact on the cost of a home. Building on a flat lot will usually cost less. If you have to haul in lots of dirt, do a lot of grading, clear trees, or blast through large rocks, then site preparations can become more expensive.
* Cost Overruns
Usually the finished cost of a home is more then the original bid price. Cost overruns occur from overspending the allowances, making changes, and encountering unforeseen problems. Proper planning can greatly reduce cost overruns. In general, it is a good idea to allow an additional 10% to cover unexpected costs.
* Inflation and Market Conditions
Usually the cost of building a home increases around 3% to 6% per year. If it will be several years before you begin construction, remember to include inflation into the cost estimate for your home. When using other homes to compare prices, try to use homes that have been built within the last six months.
Consult Building Professionals
At all times it is important to work with professionals in the building industry for guidance. This could be an Engineer, an Architect or a Quantity Surveyor (Cost Consultant). All the best!
Qs.David Nahinga | @Ujenzibora
ACKNOWLEDGEMENT: I found this blog too accurate, beneficial and a good lead to my readers, Original post can be found at MAKE DREAM HOME
I intend to put up a flat in 1/8 of an acre, would like to know how much a 4 floor flat would cost for such an area
Wonderful website. A lot of useful info here. I’m sending it to some friends ans additionally sharing in delicious. And of course, thank you for your sweat!
I am planing to build a two-storey stone-house in Nyeri/Othaya-area in Kenya together with my Kenyan wife.
Total gross floor-area is around 480 sqfeet (18′x27′). No basement.
I am, however, concerned about how to build the house, especially the foundation.
How can it be made strong enough to carry the house?
What sort of examination of the ground/soil should be made before making the foundation?
Do you know any Kenyan professionals with good knowledge in this field.
And also good and reasonable contractors in that area.
Any other advices?
Looking forward to hear from you.
Best wishes from
Drammen, Norway, 210612
Thanks for your enquiry, we have provided a conclusive response via e-mail
I own a 1/4 acre plot in syokimau and plan o construct 3 bedroom first floor+ family room and 2 guest rooms downstairs.
I already have the plans approved, praying for finances to kick off.
How much would i require to bring to completion?
I would like to bulid a house at taita.i already have the land.six rooms to rent teachers.please assist with the plan
This is to confirm we have sent a response to your mail box. Thanks for passing by – Qs. Nahinga David
I own a 1/4 acre plot in kamulu and want to build a three bedroomed hse,no upstairs.however i want to doa very strong foundation first then raise 2rooms first then move in due to high rents,how cn i go about it ?how much do i need?
Thank you Ishmael,
We have e-mailed you more information on how you can go about it.
The type of foundation will depend on the design factors such as the type of soil and also the complexity of design.
We have many types of foundation and the Engineer will be in a position to design one that is ideal.
There is usually no need to “over-design” the foundation as this will add to the cost of your house.
The purpose of the foundation is to transmit the weight of the building including that of its live loads(users) to the firm ground beneath where the house rests.
A well designed foundation will serve the purpose without costing you excessively. That is why a structural Engineer will help you out. Kindly chek your e-mail for further details.
Qs. Nahinga David
Hi I intend to build a 3 bedroom house on an 1/8 in kitengela and I kindly would like to know how much it will cost
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- Qs. Nahinga
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