Living in a spacious home is what a 500 square yard house promises, but how can that dream be realised? We’ll be your guide as we explore the nuances of construction expenses unique to a project of this scale, giving you the knowledge and tools you need to balance your goals and your budget. We’ve broken down the expenses into their component parts—the structural elements as well as the finishing touches—to give you a clear picture of what it will cost to build a 500 square yard house. It’s crucial to emphasise that these expense breakdowns are specific to January 2024. If you plan to continue building after this date, keep in mind that the cost of building materials increases steadily in Pakistan.
Please be aware that real numbers could change based on a range of circumstances and factors that affect building costs. Please review this article, where we have discussed all of the expenses you should be aware of, to get a sense of all those elements. (Insert link)
Let’s first determine the square footage we have in mind for this 500-square-yard house and then break down the associated grey structure and finishing costs per square foot:
| BASEMENT FLOOR COVERED AREA | 2400 |
| GROUND FLOOR COVERED AREA | 2900 |
| FIRST FLOOR COVERED AREA | 2100 |
| SECOND FLOOR COVERED AREA | 300 |
| GREY STRUCTURE BASEMENT/ SQ FT. | 3800 |
| GREY STRUCTURE OTHERS/ SQ FT. | 2700 |
| A QUALITY FINISHES PER SQ. FT | 3600 |
| PREMIUM QUALITY FINISHES PER SQ FT. | 4400 |
After determining the dimensions of each storey’s constructed area, we can easily compute the total areas for single-storey, double-storey, and even triple-storey houses.
| Stories | Total Constructed Area |
| Single Storey (GF) | 2900 square feet |
| Double Storey (GF + FF) | 5000 square feet |
| Triple Storey (GF + FF +SF) | 5,300 square feet |
| Triple Storey (B + GF + FF) | 7,400 |
Now, let’s work out the construction costs:
Cost of a Single-Storey 500 Square Yard House:
- Grey Structure: Rs. 7,830,000
- Finishing with A-quality Finishes: Rs. 10,440,000
- Finishing with A+ quality finishes: Rs. 12,760,000
For a 500 square yard house with complete grey structure and A-quality finishing, the cost totals Rs. 18,270,000. Opting for A+ quality finishes will raise the total to Rs. 20,590,000.
Cost of a Double-Storey 500 Square Yard House (Ground and First Floors):
- Grey Structure: Rs. 13,500,000
- Finishing with A-quality Finishes: Rs. 18,000,000
- Finishing with A+ quality finishes: Rs. 22,000,000
For a 500 square yard double-storey house with A-quality finishing, the cost amounts to Rs. 31,500,000. Opting for A+ quality finishes will increase the total to Rs. 35,500,000.
Cost of a Double-Storey 500 Square Yard House (Basement and Ground Floors):
- Grey Structure: Rs. 16,950,000
- Finishing with A-quality Finishes: Rs. 19,080,000
- Finishing with A+ quality finishes: Rs. 23,320,000
For a 500 square yard double-storey house with A-quality finishing for the basement and ground floor, the cost is Rs. 36,030,000. Opting for A+ quality finishes raises the total to Rs. 40,270,000.
Cost of a Triple-Storey 500 Square Yard House (Basement, Ground, and First Floor):
- Grey Structure: Rs. 22,620,000
- Finishing with A-quality Finishes: Rs. 26,640,000
- Finishing with A+ quality finishes: Rs. 32,560,000
For a 500 square yard triple-storey house with complete grey structure and A-quality finishing for the basement, ground, and first floor, the cost is Rs. 49,260,000. Opting for A+ quality finishes increases the total to Rs. 55,180,000.
If you would like to gain inspiration for a 500 square yard home for its planning, interiors and elevation design, please follow our YouTube page where we have a range of 500 square yard residential design videos.
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