The total cost of construction for a property is a crucial aspect to consider when planning a project, whether it’s for residential, commercial, or mixed-use purposes. For a plot size of 550 square yards, the calculation involves various factors that significantly impact the final budget. These include material costs, labor charges, architectural design fees, permits, and site-specific considerations like soil condition and location.
Understanding the breakdown of construction costs allows for effective budgeting, informed decision-making, and minimized risks of overspending. This introduction aims to provide an overview of the components involved in calculating the total construction cost for a 550 square yard project, helping stakeholders align their goals with financial constraints. The insights shared will serve as a foundation for estimating and managing construction expenses, ensuring that the project meets quality standards while staying within the allocated budget.
Let’s now work out the approximate covered areas in square feet per floor that we would see in a 550 square yards house and based on the rates given in the table we will work out all the associated costs.
| BASEMENT FLOOR COVERED AREA | 3000 |
| GROUND FLOOR COVERED AREA | 3200 |
| FIRST FLOOR COVERED AREA | 3000 |
| SECOND FLOOR COVERED AREA | 400 |
| BASEMENT GREY STRUCTURE BUDGET/ SQ FT. | 4000 |
| GREY STRUCTURE BUDGET HOUSE OTHER/ SQ FT. | 2900 |
| BASEMENT GREY STRUCTURE GOOD/ SQ FT. | 4500 |
| GREY STRUCTURE GOOD HOUSE OTHER/ SQ FT. | 3200 |
| BUDGET FINISHES/ SQ FT. | 4000 |
| A QUALITY FINISHES/ SQ FT. | 5000 |
| PREMIUM QUALITY FINISHES | 6000 |
The data includes the square feet of various floors and prices related to the construction.
Let’s calculate the single Storey house cost for budget, A quality & premium quality house.
| SINGLE STOREY BUDGET HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 9,280,000 | 12,800,000 |
| TOTAL | 9,280,000 | 12,800,000 |
The total cost for budget single storey house is 22,080,000.
| SINGLE STOREY A QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 10,240,000 | 16,000,000 |
| TOTAL | 10,240,000 | 16,000,000 |
The total cost for A Quality single Storey house is 26,240,000.
| SINGLE STOREY PREMIUM QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 10,240,000 | 19,200,000 |
| TOTAL | 10,240,000 | 19,200,000 |
The total cost for Premium Quality single Storey house is 29,440,000.
NON-BASEMENT DOUBLE STOREY BUDGET HOUSE
| NON BASEMENT DOUBLE STOREY BUDGET HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 9,280,000 | 12,800,000 |
| FIRST FLOOR | 8,700,000 | 12,000,000 |
| TOTAL | 17,980,000 | 24,800,000 |
The total cost for budget NON-BASEMENT DOUBLE STOREY house is 42,780,000.
| NON BASEMENT DOUBLE STOREY A QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 10,240,000 | 16,000,000 |
| FIRST FLOOR | 9,600,000 | 15,000,000 |
| TOTAL | 19,840,000 | 31,000,000 |
The total cost for A Quality NON-BASEMENT DOUBLE STOREY house is 50,840.000.
| NON BASEMENT DOUBLE STOREY PREMIUM HOUSE | GREY STRUCTURE | FINISHING |
| GROUND FLOOR | 10,240,000 | 19,200,000 |
| FIRST FLOOR | 9,600,000 | 18,000,000 |
| TOTAL | 19,840,000 | 37,200,000 |
The total cost for Premium Quality NON-BASEMENT DOUBLE STOREY house is 57,040,000.
BASEMENT DOUBLE STOREY BUDGET HOUSE
| BASEMENT DOUBLE STOREY BUDGET HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 12,000,000 | 12,000,000 |
| GROUND FLOOR | 9,280,000 | 12,800,000 |
| TOTAL | 21,280,000 | 24,800,000 |
The total cost for budget BASEMENT DOUBLE STOREY house is 46,080,000.
| BASEMENT DOUBLE STOREY A QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 15,000,000 |
| GROUND FLOOR | 10,240,000 | 16,000,000 |
| TOTAL | 23,740,000 | 31,000,000 |
The total cost for A Quality BASEMENT DOUBLE STOREY house is 54,740,000.
| BASEMENT DOUBLE STOREY PREMIUM HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 18,000,000 |
| GROUND FLOOR | 10,240,000 | 19,200,000 |
| TOTAL | 23,740,000 | 37,200,000 |
The total cost for Premium Quality BASEMENT DOUBLE STOREY house is 60,940,000.
BASEMENT TRIPLE STOREY BUDGET HOUSE
| BASEMENT TRIPLE STOREY BUDGET HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 12,000,000 | 12,000,000 |
| GROUND FLOOR | 9,280,000 | 12,800,000 |
| FIRST FLOOR | 8,700,000 | 12,000,000 |
| TOTAL | 29,980,000 | 36,800,000 |
The total cost for budget BASEMENT TRIPLE STOREY house is 66,780,000.
| BASEMENT TRIPLE STOREY A QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 15,000,000 |
| GROUND FLOOR | 10,240,000 | 16,000,000 |
| FIRST FLOOR | 9,600,000 | 15,000,000 |
| TOTAL | 33,340,000 | 46,000,000 |
The total cost for A Quality BASEMENT TRIPLE STOREY house is 79,340,000.
| BASEMENT TRIPLE STOREY PREMIUM QUALITY HOUSE | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 18,000,000 |
| GROUND FLOOR | 10,240,000 | 19,200,000 |
| FIRST FLOOR | 9,600,000 | 18,000,000 |
| TOTAL | 33,340,000 | 55,200,000 |
The total cost for Premium Quality BASEMENT TRPLE STOREY house is 88,540,000.
BASEMENT TRIPLE STOREY BUDGET HOUSE WITH MUMTY
| BASEMENT TRIPLE STOREY BUDGET HOUSE WITH MUMTY | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 12,000,000 | 12,000,000 |
| GROUND FLOOR | 9,280,000 | 12,800,000 |
| FIRST FLOOR | 8,700,000 | 12,000,000 |
| SECOND FLOOR | 1,160,000 | 1,600,000 |
| TOTAL | 31,140,000 | 38,400,000 |
The total cost for budget BASEMENT TRIPLE STOREY house with mumty is 69,540,000.
| BASEMENT TRIPLE STOREY A QUALITY HOUSE WITH MUMTY | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 15,000,000 |
| GROUND FLOOR | 10,240,000 | 16,000,000 |
| FIRST FLOOR | 9,600,000 | 15,000,000 |
| SECOND FLOOR | 1,280,000 | 2,000,000 |
| TOTAL | 34,620,000 | 48,000,000 |
The total cost for A Quality BASEMENT TRIPLE STOREY house with mumty is 82,620,000.
| BASEMENT TRIPLE STOREY PREMIUM HOUSE WITH MUMTY | GREY STRUCTURE | FINISHING |
| BASEMENT FLOOR | 13,500,000 | 18,000,000 |
| GROUND FLOOR | 10,240,000 | 19,200,000 |
| FIRST FLOOR | 9,600,000 | 18,000,000 |
| SECOND FLOOR | 1,280,000 | 2,400,000 |
| TOTAL | 34,620,000 | 57,600,000 |
The total cost for Premium BASEMENT TRIPLE STOREY house with mumty is 92,220,000.
In conclusion, determining the total cost of construction for a 550 square yard property involves careful consideration of multiple factors, including material costs, labor expenses, design requirements, permits, and contingencies. Accurate budgeting and detailed planning are essential to ensure the project aligns with financial expectations while meeting quality and regulatory standards.
By understanding the individual components that contribute to the overall cost and monitoring them throughout the construction process, stakeholders can make informed decisions and avoid unnecessary expenses. A well-executed plan not only ensures the timely completion of the project but also maximizes the value and functionality of the constructed space. With proper planning and execution, the construction of a 550 square yard property can be a rewarding and successful endeavor.
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