The cost of building a house is a complex topic that varies depending on your location, taste and lifestyle.

We want to help you grounding your expectations and give you a better idea of what could take over your budget, with some of the most expensive parts of building a house:

Location

It is no secret that the cost of building a new house is drastically affected by the land where you’ll be building your house.

With prices per square metre, the presence of a slope, the need to use specific materials due to local legislations and how the weather requirements could dictate some of your new home’s features, the cost of building a new home is affected from the ground up.

Foundation

As any of the other features you can include when building your new home, you can choose from some options for the foundation, although some characteristics are not negotiable due to the type of land, as well as the safety and quality standards and regulations.

However, building a basement, a raised foundation for a flooding-risk area, the need of retaining walls, etc. affect the working hours, types of machinery and materials required for the house foundation process, changing the cost of building your house.

Size

The size of your house can be determined both by the lot size and your lifestyle. What could be practical and ideal for a numerous family might not be the best for a couple in a work-from-home situation

Building a double storey house will require more expenses than a single storey house, due to the use of scaffolding and the addition of more plumbing connections requiring more construction materials. But having a very spacious single storey house in a big lot might have the same cost due to the area to be worked.  

Materials

As you might guess by now all the expenses are connected: a bigger area, a luxury feature or an additional storey will require more materials, and the cost of these materials will depend on the quality of the materials selected, the quantity needed and the availability of certain materials at the time of construction. 

When budgeting the cost of building your new house, you’ll need to be prepared to make concessions on some luxuries and to discuss the details with your home builder, including the possibility of unexpected situations.

At P5 Homes we make sure you understand what comprises the cost of building your new home.

Learn more about P5 Homes, why you should build your dream home with us or book a FREE design consultation and start making your dream home a reality today!