House Construction Cost Calculator

The Construction Cost Calculator is a simple and intuitive tool that estimates the cost of new construction. The calculator comprises the following fields:

• Location: You need to provide the location of your plot where your home will be constructed.
• Area: Enter the value of your area in this field.
• Unit of area: Select the unit of your area, i.e., whether square metre or square feet.

After you enter the values, click on calculate. Based on your location and plot area, the calculator will compute the approximate total cost of construction along with the cost bifurcation.

The following are crucial factors that can impact construction costs in the country:

• Location
• Construction Materials
• Labour cost
• Transportation costs
• Design costs
• Inflation
• Architect or engineer fees

To calculate the construction cost, you simply need to multiple your area value by the construction rate per square feet or square metre. The construction rate depends on various factors such as the plot’s location, potential cost of labour and raw materials, etc.

To reduce the cost of construction, you need to first choose the right plot as excavations and trying to level the plot can increase the construction cost considerably. Next, you should consider hiring a professional who can help optimise your construction plan and help you save in the long run. You can also potentially reduce construction costs by sourcing raw materials like bricks, cement, wood, etc., locally. This way, you can minimise the transportation costs and subsequent construction costs. Also, avoid hastily finalising your construction plans as any changes in the blueprint after the construction has started can be costly.

To calculate construction cost per square foot, you must divide the total construction cost by the total square footage of the building. For instance, if the total construction cost is ₹20 Lakh and the area is 2,000 square feet, the cost per square foot will be ₹1,000. This method provides a rough estimate and may vary based on location, design and material quality.