As an investment property, 300 square yard lots have become more valuable, especially in areas that are developing at a quick pace. The increased demand for contemporary residential homes and the excellent return on investment (ROI) make these lots more appealing to investors and homeowners. A 300 square yard plot in a prime location, close to important amenities and infrastructure, can fetch a premium price in a well-established and developing neighborhood like DHA, where demand for such plots has been rising gradually. Whether you’re building for your own family, or for rental purposes, this blog will greatly help you in figuring out costs prior to the design development.
For a 300 square yard plot, the standard covered areas at various levels are as follows:
– Basement: Approximately 1,012 square feet
– Ground Floor: Approximately 2,025 square feet
– First Floor: Approximately 1,620 square feet
– Second Floor (if applicable): Approximately 400 square feet
The home construction process commences with the gray structure, which constitutes the fundamental structure and foundation. The expense of basement construction often amounts to approximately PKR 3,500 per square foot. Conversely, the grey structure for above-ground levels is typically cheaper, priced at approximately PKR 2,600 per square foot.
Upon completion of the construction, the finishing phase begins. The expense of completion can fluctuate considerably based on the selected materials. The cost for a mid-range finish, encompassing conventional flooring, fittings, and fixtures, typically amounts to approximately PKR 3,500 per square foot. Choosing premium finishes, such as imported tiles and high-end fittings, can increase the cost to approximately PKR 4,300 per square foot. The cost variances arise from the selection of materials and the intricacy of the finishes, which ultimately influence the home’s appearance and durability.
Single-Story House (Ground Floor Only)
Building a single-story home, particularly when only the ground floor is used, is sometimes the most cost-effective alternative. This option is appropriate for individuals looking to simplify construction while avoiding additional structural complications. While this style is simple, the expenses, particularly for the grey structure and finishing touches, will vary depending on your material preferences and finish quality. The following is a breakdown of the costs associated with building a single-story house with both basic and premium finishing:
Costs:
Grey Structure: 5,265,000 PKR
Finishing (A Quality): 7,087,500 PKR
Finishing (Premium Quality): 8,707,500 PKR
Total cost for A quality finishes: 12,352,500 PKR
Premium quality finishes cost:13,972,500 PKR.
Double-story house (basement and ground floor)
Choosing a double-story house with a basement and a ground floor provides more living space and versatility, particularly for families seeking extra storage or entertainment rooms in the basement. However, the additional excavation and structural requirements in this design add to the complexity and cost of building. This section will explain the projected expenses for both the initial construction and the finishing stages of a double-story home with a basement, giving you an indication of the financial commitment required:
Costs:
Grey Structure: 8,807,000 PKR.
Finishing (A Quality): 10,629,500 PKR
Finishing (Premium Quality): 13,059,100 PKR
Total cost for A quality finishes: 19,436,500 PKR.
Total cost for Premium quality finishes: 21,866,100 PKR.
Double-story house (ground and first floors)
Building a double-story house with a ground and first floor is an ideal choice for individuals wishing to expand living space without incurring the additional cost of a basement. This strategy provides plenty of space while keeping expenses reasonable. In this section, we will go over the cost breakdown for a two-story home with both ground and first floors, including the cost variations dependent on the quality of the finishes chosen:
Costs:
Grey Structure: 9,477,000 PKR.
A Quality finishes: 12,757,500 PKR
Premium Quality Finishes: 15,673,500 PKR
Total cost for A quality finishes: 22,234,500 PKR.
Total Cost for Premium quality finishes: 25,150,500 PKR.
Triple-story house (basement, ground floor, and first floor)
When space is not an issue, a three-story house with a basement, ground floor, and first floor can accommodate a large number of bedrooms, living areas, and utilities. However, adding floors and a basement increases building expenses dramatically. This part will go over the specific expenses for both grey structure and luxury finishing, allowing you to better grasp the financial aspects of a multi-level home:
Costs:
Grey Structure: 13,019,000 PKR
A Quality Finishes: 16,299,500 PKR.
Premium Quality Finishes: 20,025,100 PKR
Total cost for A Quality Finishes: 29,318,500 PKR
Total cost for Premium quality finishes: 33,218,500 PKR.
Triple-story house (ground floor, first floor, and second floor)
For large families or individuals who desire additional space, a triple-story house without a basement but with three above-ground levels provides a useful and expansive option. The financial investment for this structure is significant, yet it has amazing possibilities for personalized designs. Here, we will break down the costs of building a three-story house, including both the initial structure and the finishing phases with numerous quality options:
Costs:
Grey Structure: 10,517,000 PKR
A Quality Finishing: 14,157,500 PKR.
Premium Quality Finishing: 17,393,500 PKR
Total cost A quality Finishes: 24,674,500 PKR.
Total cost Premium quality finishes: 27,910,500 PKR.
To sum up, the grey structure will cost roughly 5,265,000 PKR for a single-story house (just the ground floor). Finishing prices will range from 7,087,500 PKR for A-quality materials to 8,707,500 PKR for premium finishes, totaling between 12,352,500 and 13,972,500 PKR. The grey construction for a double-story house with a basement and a ground floor will cost 8,807,000 PKR, with total prices ranging from 19,436,500 PKR for A-quality finishes to 21,866,100 PKR for premium finishes. A double-story house with only the ground and first floors will cost 9,477,000 PKR to build in grey structure. The total cost for this choice will be 22,234,500 PKR with A-quality finishing and 25,150,500 PKR with premium finishes. Moving to a triple-story house with a basement, ground, and first floors increases the grey structural cost to 13,019,000 PKR, while the overall cost ranges from 29,318,500 PKR for A-quality finishes to 33,218,500 PKR for premium finishes. The grey structure cost of a three-story house without a basement is 10,517,000 PKR, with total expenditures of 24,674,500 PKR for A-quality finishing and 27,910,500 PKR for premium finishes. These numbers show how the overall cost of a home rises as more stories and basements are built, reflecting the increased complexity and materials required.