{"id":185,"date":"2021-02-14T11:32:19","date_gmt":"2021-02-14T11:32:19","guid":{"rendered":"https:\/\/vrkp.in\/blog\/?p=185"},"modified":"2021-03-03T07:22:15","modified_gmt":"2021-03-03T07:22:15","slug":"5-key-costs-in-building-a-new-house","status":"publish","type":"post","link":"https:\/\/vrkp.in\/blog\/2021\/02\/14\/5-key-costs-in-building-a-new-house\/","title":{"rendered":"5 Key Costs In Building A New House"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Building your dream house can be like a roller coaster ride. From deciding the location to breaking down funds- everything will have to be done by you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While you\u2019ll have complete control over every aspect that would go in, this control would cost you more than usual.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But sticking to your budget and making wise decisions will make the entire process a cakewalk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are 5 key costs that you can consider before building a new house-<\/span><\/p>\n<p><strong>Cost of the land<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The first step towards building a new house is acquiring land.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the price of land varies based on the size, location and various other factors, the average cost of land per square feet in the top five cities of India is as follows-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mumbai- \u20b91,74,178.42 \/ sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Delhi- \u20b91,28,18.98 \/ sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Banglore-\u00a0 \u20b963,424.49 \/ sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Pune- \u20b91,17,541.85 \/ sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Kolkata-\u00a0 \u20b960,139.11 \/ sqft<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After the acquisition, you\u2019ll have to clean the land, connect it to the city\u2019s water and sewage system and make it habitable. For the estimation, do research and get quotes from top-rated firms.<\/span><\/p>\n<p><b>Foundation<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The cost of the foundation depends on two factors-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the location of your land<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">type of foundation<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most common is the slab foundation which costs \u20b9150\/ sq.ft. including labour, material and steel bars. Another is a crawl space foundation that lifts the house a few feet above the ground level and is comparatively costlier.<\/span><\/p>\n<p><b>Plans and designs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To create a custom home, the designs and all architectural plans need to be made from scratch. For this, you\u2019ll have to hire an architect or a firm who know how to design a detailed blueprint of the area.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also select an existing architectural plan to save in this part.<\/span><\/p>\n<p><b>Labour and materials costs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With so many choices and quality of materials present, the material cost would depend on your choice and preference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The labour cost fluctuates significantly based on factors such as location, atmosphere, time, type of work, skills or unemployment rate. The average labour cost in India is \u20b9356.30 per day.<\/span><\/p>\n<p><b>Additional costs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Even after planning and allocating cost to every process, by the end, there will be some additional and hidden cost that will go unnoticed. This can include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Waste clearance<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Landscaping<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Addition of porch\/deck<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Upgrading the interiors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Utility cost<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It\u2019s always a good idea to know about all the hidden costs beforehand and closely stick to the budget.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">House building is an adventure and with this information, you can make important building decisions. Remember to be patient and take help of recommended experts whom you trust.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What kind of house do you prefer? An already built one or building one from scratch? Let us know in the comments below-<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Building your dream house can be like a roller coaster ride. From deciding the location to breaking down funds- everything will have to be done by you.\u00a0 While you\u2019ll have complete control over every aspect that would go in, this control would cost you more than usual.\u00a0 But sticking to your budget and making wise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[20,14,23],"tags":[],"class_list":["post-185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction-trends","category-steel-industry","category-tmt-bars"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.6.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"Building your dream house can be like a roller coaster ride. 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