It is important to have an idea how much money needs in order to finish your dream house. Developing a budget may know the allocation of funds for each stage of house construction.
First of all, determine the money needs in order to build your dream house. Like for instance, the budget is depends upon your dream house such as the type of house, size of house as well as the type of finishing.
Here are some factors affecting house construction budget aside from house construction expenses:
- Expenses on requirements for house construction such as Building permit, electrical permit, etc.
- Architects professional fee for house plan
- Installation of water such as jetmatic and deepwell
- Construction fee and Bond fee if the location is in subdivision
- Fees for applying temporary electrical installation
- Additional expenses if there are house modification during construction
The usual cost of house construction for bungalow is 18k to 30k per sqm for bungalow and 22k to 35k per sqm for two-storey houses depending on the design and finishing type of the house . It is important to ask your contractor what will be included in their cost so that you may know if there is an additional expenses aside from house construction. Like for instance, make sure to include kitchen and bedrooms cabinets, lights and fixtures, grills, screen doors, door knobs and locks, etc.
Before signing the contract, make sure to know the job included in your house construction as well the materials to be used in the finishing stage to properly budget your money for your dream house.