COST PLANNING YOUR BUILDING PROJECT | the basics

The general premise I would wish to take emanates from the intriguing question, “If a man wants to build a house, does he not first sit down and estimate the cost?”

It is thus imperative that one needs to “sit down” and contemplate or wrap his mind around the entire building project to determine whether it is worth his while to embark on the journey of construction.

While undertaking Cost Planning for your building project, it is important to keep in mind that the final cost of the house will be affected by both Design Factors and Economic Factors.

Design Factors

The design factors like shape and size of the building, complexity of the design, circulation space of the building, the height and the structural design of the building will have a bearing on the final cost.

It is also worthwhile to note that the workmanship and quality of materials to be used as determined by the specifications will have an impact on the cost. Most persons wishing to build are surprised at how varying one item like the type of finishes can have a high impact on their construction budget.

As an example, wooden floor finishes have a higher long term running cost as compared to simple screed finishes comprising of cement and sand mortar.

Economic Factors

There are other hidden factors that will have an effect on the final cost of doing the building project. For instance, the interest on borrowed funds and price fluctuations caused by inflations or market forces can affect an initial cost plan of a project.

The source of the building materials, that is, whether available locally or imported will also affect the overall cost plan. There are some designs that may necessitate sourcing of skilled laborers and this would add to the overall cost.

Political Factors

There are Political factors in terms of how stable a neighborhood is or the safety index of a neighborhood. One can readily tell that a high-end zoned neighborhood where the development is controlled could be cheaper in terms of security measures to be incorporated in the cost plan but relatively expensive since one has less free-play in the design variables.

We cannot escape from its multitudinous dimensions that unfold once a decision is made by a man to sit down and build.

Upon completion of the design and comprehension of all factors affecting the cost plan, the tasks, timings and costs are summarized in a Developers Budget or a Project Baseline Plan that will set out for you the roadmap towards home ownership.

Below is a panoramic view of what professions may help such a man to “sit down”. These mainly consists of the “Design Team” and the “Construction Team” who ought to work hand in hand in realizing the dream of the client.

One truly needs to be meek and confident enough to “sit down” when it comes to making a decision to build a House!

I trust that in your meditation to build, you shall consider the aforementioned lest people pass by your incomplete Building Project quoting Scripture:

“For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he has sufficient to finish it?

Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him,

Saying, This man began to build, and was not able to finish.”Jesus Christ, Luke 14:28

©David Nahinga 2010,

Twitter: @UjenziBora

Blog: www.ujenzibora.wordpress.com

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~ by ujenzibora on September 20, 2010.

One Response to “COST PLANNING YOUR BUILDING PROJECT | the basics”

  1. t’s such a tickety-boo site. fanciful, very interesting!!!

    ——-

    Opony
    Pozycjonowanie

    opony

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