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Thinking of building a new home? Here are some tips…
1. Contact Local Builders
Meet with builders who construct houses that are similar in size, quality, and features to the home you want. Builders will tell you how much per square foot they usually charge for home construction. If you ask, some builders will provide you a list showing the materials they will use.
Our independent consultants offer advice on material sourcing, costing and labour fees for only 3% of the cost.
2. Count the Square Footage
Look at newly constructed homes that are similar in size, style, quality, and features to the home you want. Take the price of the home, deduct the price of the land, and divide that amount by the square footage of the home.
For example, if the home is selling for KES 16.3 Million and the land costs KShs. 300,000, then the construction cost is around KShs. 16 million. If the home is 2,000 square feet, then the cost per square foot is Kshs.8000.
Use several new homes in your area to get an approximate square footage price. After you have calculated an average square footage cost, you can multiply that cost by the finished square footage of your house plan to get a ballpark estimate.