Building your own home is not only a dream come true for personal space, but also a significant investment of money, time and effort. Depending on the region, construction costs can vary significantly, requiring careful planning and evaluation. In this article we will take a closer look at how much it costs to build a house of 80 sq.m. in different parts of the world – in Batumi (Georgia), Northern Cyprus and Phuket (Thailand). These popular destinations offer different conditions and prices for construction, which allows you to choose the best option depending on your preferences and budget.
Batumi, Georgia
Batumi is one of the most popular tourist cities in Georgia, known for its beautiful beaches and developed infrastructure. Building a home here can be relatively affordable compared to other European destinations.
Construction cost in Batumi:
- Materials and construction: $500 – $700 per sq.m. This includes average quality materials and standard construction work. This cost includes brick, concrete, insulating materials, roofing, windows and doors, as well as interior finishing work and utilities (electricity, water supply, sewerage).
- Plot cost: $100 – $200 per sq.m. This price may include plots in less populated or rural areas. Lots in more popular or prestigious areas can be significantly more expensive.
In total, the cost of building a house with an area of 80 sq.m can be:
- Materials and Construction: $40,000 – $56,000
- Plot (for example, 300 sq.m.): $30,000 – $60,000
Total cost: $70,000 – $116,000
Оther expenses
In addition to the main costs of construction and purchase of a plot, additional costs should be taken into account, such as:
- Design and Architectural Services: $2,000 – $5,000
- Permits and administrative fees: $500 – $1,000
- Landscaping: $3,000 – $5,000
- Contingency: 10-15% of the total construction cost
Northern Cyprus
Northern Cyprus is a unique place with a rich history, beautiful beaches and a favorable climate, which makes it attractive for building your own home. Let’s take a closer look at how much it costs to build a house with an area of 80 sq.m. in Northern Cyprus.
Construction costs in Northern Cyprus:
- Materials and construction: $600 – $800 per sq.m. This includes average quality materials and standard construction work. This cost includes brick, concrete, insulating materials, roofing, windows and doors, as well as interior finishing work and utilities (electricity, water supply, sewerage).
- Plot cost: $100 – $150 per sq.m. This price may include plots in less populated or rural areas. Lots in more popular or prestigious areas can be significantly more expensive.
In total, the cost of building a house with an area of 80 sq.m can be:
- Materials and Construction: $48,000 – $64,000
- Plot (for example, 300 sq.m.): $30,000 – $45,000
Total cost: $78,000 – $109,000
In addition to the main costs of construction and purchase of a plot, additional costs should be taken into account, such as:
- Design and Architectural Services: $2,000 – $5,000
- Permits and administrative fees: $500 – $1,000
- Landscaping: $3,000 – $5,000
- Contingency: 10-15% of the total construction cost
Phuket, Thailand
Phuket is one of the most popular tourist destinations in Thailand, known for its beautiful beaches, rich culture and vibrant nightlife. However, building a house in Phuket can be expensive due to high prices for land and materials. Let’s take a closer look at how much it costs to build a house with an area of 80 sq.m. in Phuket.
Construction costs in Phuket:
- Materials and construction: $800 – $1000 per sq.m. This includes medium to high quality materials and standard construction work. This cost includes brick, concrete, insulating materials, roofing, windows and doors, as well as interior finishing work and utilities (electricity, water supply, sewerage).
- Plot cost: $200 – $300 per sq.m. This price may include plots in less populated or rural areas. Lots in more popular or prestigious areas can be significantly more expensive.
In total, the cost of building a house with an area of 80 sq.m can be:
- Materials and Construction: $64,000 – $80,000
- Plot (for example, 300 sq.m.): $60,000 – $90,000
Total cost: $124,000 – $170,000
In addition to the main costs of construction and purchase of a plot, additional costs should be taken into account, such as:
- Design and Architectural Services: $3,000 – $7,000
- Permits and administrative fees: $1,000 – $2,000
- Landscaping: $5,000 – $8,000
- Contingency: 10-15% of the total construction cost
Conclusion
The cost of building a house with an area of 80 sq.m. can vary significantly depending on the chosen location. Batumi offers the most affordable prices, Northern Cyprus is in the middle price range, and Phuket is the most expensive option considered. When choosing a location to build a home, it is important to consider not only cost, but also other factors such as climate, infrastructure and personal preferences.
