When we think about constructing a new house, probably one question will hit our minds that what would be the cost of construction. This common question arises in our minds when we decide to build a new home.
To know the approximate cost of construction, we start searching for a source where we can calculate or get the cost of construction. There are many reasons we would not know that the cost like,
- I have enough fund for construction
- Construction cost gives a prior idea to arrange the fund.
- How many funds are lacking for construction
- Should I have to take a loan for construction?
Sometimes, we want to know the construction cost for comparing the cost given by contractors, and it is the right way of thinking to compare costs.
Because of many contractors tell too so much high cost than the actual cost of construction. But with proper knowledge about house construction cost and how it is calculated, we can avoid this kind of fraud.
So, I am going to help you and all who want to know what will be the approximate cost of construction of their house. I am sharing some self-experience data and analysis so you can understand how the cost is calculated.
Also, read:
How to Work With House Construction Cost Calculator Excel Sheet ?
Important Point
As you decide to build a new house search for contractors to get information about the construction rate in your area.
What Is Construction Rate?
It is the cost/money charged by a builder or contractor for 1 sq.ft. construction in your area. Construction rate per sq. ft. are changed from location to too location depends on the availability of local construction material.
For if you are constructing a house in an urban area where construction materials are easily available at a competitive rate, the rate of construction area lower.
On the other hand, if you are constructing any structure in a rural area where the availability of construction material is less, and there is a need for transportation, the rate of construction will go higher.
For example,
The average cost of construction is about1000 to 1500 Rs. Per sq. ft.
Sometimes it splits into the following categories,
- For Normal Quality Construction =1000 Rs./ Sq. ft.
- For Medium Quality Construction = 1200 Rs./ Sq. ft.
- For High Quality Construction = 1500 Rs. / Sq. ft.
So, if you have 1000 sq.ft area and you want to construct a normal quality construction, the rate of construction per will be around 1200 Rs. per sq. ft.
Cost of construction = Area of plot * Construction rate per Sq. ft.
= 1000 * 1200 = 1,200,000 Rs. (including all labor and materials cost)
If Someone wants to know how this cost comes and asks about what is the cost of materials and labor, then we need to calculate material quantity separately.
I have made the House Construction Cost Calculator Excel sheetwith separate quantity calculations.
Also, read:What Is Classification of Bricks | Classification of Bricks Different Base
How to Use House Construction Cost Calculator Excel Sheet:
1. Enter your plot area like length and width in feet as shown below picture.
2. Change Your Construction cost per sq ft rate in a given field as shown below picture.
3. Floor selection
As per the below picture select floor area, different floor level rate are changed.
4. After that Click any Button as per different Uses
- Reset button work all Report clear.
- Construction Cost button work auto calculation in Building Construction cost.
- Materials Cost button work auto calculation in Building material cost.
- Print button print proper page.
5. Press Construction Cost button. Add your local area material rate in the field to get accurate results. (if you don’t have kept it same still it give accurate result)
6. Check your construction cost of the house. There will 53.44 % Material cost, 36.56 % Labour cost, and 10 % contractor profit.
7. So, the Total Cost of Construction will Rs. 21.60 Lakhs.
8. Press Material Cost button.add calculate the material value as per below figure
9. So, the Total Cost of Construction Material Rs. 9.81 Lakhs in already adding Building Construction cost Rs. 21.60 Lakhs.
10. Check Rate
In this Excel Sheet check of Rate High & Rate Low, So please Check rate.
Free Download House Construction Cost Calculator Excel:
Free Download construction cost estimate template excel Click Here,
Video tutorial for better understanding:
,
FAQ
First Floor Construction Cost Per Square Feet
New construction typically costs between $100 and $200 per square foot, but additions and customizations may quickly inflate the expense to $500 or more per square foot.
What Is Construction Rate?
Construction Rate means the Base Rate announced from time to time by National City Bank (Cleveland) or the successor bank with which Landlord maintains its primary line of credit; the Lease Rate for the Construction Term shall be adjusted to reflect each change in the Construction Rate.
Self Build Cost Calculator
- Determine the size and style of the home you want to build. This will affect the cost of materials, labor, and land.
- Estimate the cost of land. This can vary greatly depending on location, availability, and zoning laws.
- Determine the cost of permits and fees. You may need to obtain various permits and pay fees for building, zoning, and other requirements.
- Estimate the cost of materials. This includes everything from lumber and insulation to roofing and flooring.
First Floor Construction Cost Calculator
- Determine the size and layout of the first floor. This will help you estimate the amount of materials and labor required for the project.
- Select the type of construction method you want to use for the floor. This can include concrete, timber, or steel framing.
- Estimate the cost of materials. This includes everything from framing and insulation to flooring and finishes.
- Determine the cost of labor. This can vary depending on the complexity of the project and the skill level of the workers.
Residential Construction Cost Per Sq Ft in India
The construction cost in India can vary significantly depending on various factors such as location, materials used, and the type of foundation required. On average, the cost of building a house in India ranges between Rs. 1,500 to Rs. 2,500 per square foot.
Cost Difference Between Ground Floor and First Floor in India
On an average calculate it as Rs 1800 per sft for ground floor and about Rs 1450 per sft for rest of the floors, this doesnot include amenities Ground water (borewell).
Construction Cost for 1200 Sq Ft House
the total cost of constructing a 1200 sq ft house can range from $54,000 to $94,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
150 Gaj House Construction Cost
the total cost of constructing a 150 Gaj house can range from ₹14,00,000 to ₹24,00,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
Ground Floor Construction Cost
the total cost of constructing a ground floor can range from $54,000 to $94,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
How Much Does It Cost to Build a 2 Floor House in India?
the total cost of constructing a 2-floor house in India can range from ₹28,00,000 to ₹48,00,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors such as the location, the quality of materials, and the size and design of the house. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
Piling Cost Calculator
the cost of piling can range from $10,000 to $30,000 per pile. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors. It is best to consult with a professional piling contractor to get a more accurate estimate for your specific project.
3 Floor Building Construction Cost
the total cost of constructing a 3-floor building can range from $855,000 to $1,565,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors such as the location, the quality of materials, and the size and design of the building. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
5 Floor Apartment Construction Cost
the total cost of constructing a 5-floor apartment building can range from $2,110,000 to $4,150,000. Keep in mind that these are rough estimates, and the actual cost can vary based on several factors such as the location, the quality of materials, and the size and design of the building. It is best to consult with a professional contractor to get a more accurate estimate for your specific situation.
Like this post? Share it with your friends!
Suggested Read –
- Construction Layout
- How to Find House Construction Cost
- House Construction Cost Calculator Excel Sheet
- Building Estimation Step by Step In Excel Sheet
- How to Calculate Slab Steel Quantity from Drawing
- How to Excavation Calculation in Excel Sheet | What Is Excavation | Important Point of Excavation as per IS Code
