Building your own home is a dream for many people, and it can become a reality with proper budgeting. In this article, we will take a closer look at the main costs of building a 100 sq.m. house so that you can plan your financial resources. All prices are in US dollars.
1. Land
The first and main step in building a house is purchasing a plot of land. The price of a plot varies greatly depending on the location, size and availability of infrastructure.
- Average cost: $5,000 – $100,000
2. Design and permitting documentation
Before starting construction, it is necessary to develop a house project and obtain all necessary permits.
- Design work: $2,000 – $10,000
- Permits and approvals: $500 – $5,000
3. Preparatory work
Preparatory work includes cleaning and leveling the site, as well as connecting communications (electricity, water, gas).
- Site preparation: $1,000 – $5,000
- Communications: $2,000 – $10,000
4. Foundation
The type of foundation depends on the soil and climatic conditions, but for simplicity we will consider a standard strip foundation.
- Foundation cost: $5,000 – $15,000
5. Walls and roof
The main materials for walls and roofing are brick, concrete, wood, and metal. Each material has its own advantages and costs.
- Walls: $10,000 – $30,000
- Roofing: $5,000 – $15,000
6. Windows and doors
The quantity and quality of windows and doors affects the final cost. A standard house requires approximately 8-10 windows and 3-4 doors.
- Windows: $2,000 – $8,000
- Doors: $1,000 – $4,000
7. Interior work
Interior work includes finishing walls, installing flooring, wiring, plumbing and heating.
- Electrical: $2,000 – $5,000
- Plumbing: $2,000 – $7,000
- Heating: $3,000 – $10,000
- Wall and ceiling finishing: $2,000 – $8,000
- Flooring: $2,000 – $8,000
8. Furniture and appliances
The cost of furniture and equipment depends on your choice and preferences.
- Furniture: $5,000 – $20,000
- Household Appliances: $3,000 – $10,000
9. Landscaping work
Landscaping work includes landscaping the yard, planting trees and shrubs, and laying a lawn.
- Landscaping: $1,000 – $5,000
10. Unforeseen expenses
It’s always a good idea to budget for unexpected expenses that may arise during the construction process.
- Contingency: $5,000 – $10,000
The total cost
Summarizing all the above costs, we get the following cost range for building a house with an area of 100 sq.m:
- Minimum cost: $35,500
- Maximum cost: $182,000
Financial planning
One of the key aspects of successful construction is proper financial planning. It must be taken into account that in addition to direct construction costs, there are also hidden and unforeseen costs. This may include additional work to strengthen the foundation, improve the quality of materials, or correct errors in design or construction. It is important to include a certain reserve in the budget for such cases, which will help avoid unpleasant surprises and delays in the construction process.
Environmental friendliness and energy efficiency
Modern construction is increasingly focused on environmental friendliness and energy efficiency. Choosing energy-saving technologies and environmentally friendly materials may increase initial costs, but at the same time significantly reduce operating costs and improve living comfort. Investing in solar panels, insulation, rainwater harvesting systems and other green solutions can be a worthwhile investment in the long run.
The meaning of professionalism
Do not underestimate the importance of the professionalism and experience of the construction team. High-quality construction work guarantees the durability and reliability of your home. It is important to carefully select contractors, check their reputation and qualifications, and enter into detailed contracts that specify all the conditions and deadlines for the work.
Conclusion
Building a house is a complex and multifaceted process that requires careful planning and consideration of all possible costs. The average cost to build a 100 square meter home ranges from $35,500 to $182,000, depending on many factors such as location, choice of materials and quality of workmanship. However, the right approach and careful preparation will help you build your dream home within your planned budget.
Proper project management, selection of quality materials and professional contractors, as well as taking into account modern trends in construction will help you build a house that will become a cozy and reliable family nest.
Building your own home is not only a financial investment, but also an investment in your family’s future. A home built with love and attention to detail will delight you for many years, providing comfort and safety. We hope that our article will help you with this exciting and important project, and your dream home will become a reality.
