Hyderabad boasts of an affordable real estate market, making homeownership accessible to a wider audience. Experts in the property market believe that the expansion of peripheries has led to the emergence of reasonably priced land and housing options closer to major employment centres. This makes Hyderabad an ideal investment destination. But for many people, the cost of constructing a house in Hyderabad involves investing their entire life's earnings.
Know your neighbourhood well
Acquiring land in Hyderabad may be relatively easy, but constructing a home on it can be taxing. The construction cost for an average 1,000 sq ft house in Hyderabad typically ranges from Rs 2,000 to Rs 3,500 per sq ft. Here are the various factors influencing the construction costs of a home in Hyderabad, with some tips to save money while maintaining high structural quality.
Purchase of land
Selecting the right plot in the right location is the first step towards reducing house construction costs in Hyderabad. It is one of the most significant expenses you will face when building your home. Precisely, if you want to reduce plot expenses in line with your estimated cost of building a house, invest in plots located slightly further away from the main road. Plots on the main road are considered prime real estate and priced higher than those farther away.
Additionally, choose a plot that is on the same level as the ground or road and not lower, as this will require more expenses for filling supplies.
Building materials
Selecting building materials and negotiating prices can be challenging when constructing a house in Hyderabad. However, building materials account for a significant portion of the overall construction costs. Thus, to save on material costs, consider ordering supplies in bulk, particularly cement, bricks, and sand, and take advantage of the discounts offered by dealers. Usually, bulk orders may help you save close to 5-10 percent.
Opt for latest technologies
Incorporating the latest technologies in construction, such as Building Information Modelling (BIM) and Green Housing, can help reduce expenses and completion time while improving precision and minimising errors.
Green buildings offer numerous advantages through sustainable design, construction, and operation. These benefits include reduced carbon emission and energy consumption, efficient waste generation, and rainwater conservation, which yield higher returns in the future in the form of low utility bills.
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Hiring the right professionals
Hiring experienced professionals, such as architects and interior designers, will help you stay updated on the latest trends and regulations, allowing you to make informed decisions. The fees of an architect and an interior designer may vary from Rs 18 per sq ft to Rs 23 per sq ft in Hyderabad.
Also, it would be prudent to hire a home construction company as it can take charge of all construction specifications, from procuring raw materials to designing blueprints to completing the project within the client's budget.
Finishing costs
Finishing materials like doors, flooring, and windows can add to the construction costs. Again, comparing prices from various vendors and buying in bulk from a single supplier can help you obtain the best possible rates. Generally, finishing costs for a home may start from Rs 1,000 per sq ft and range up to Rs 2,000 per sq ft basis the material and specifications used.
Prefabricated methods
Consider using state-of-the-art technology and prefabricated parts to lower your house construction costs in Hyderabad.
The demand for prefabricated buildings has steadily increased in recent times due to their eco-friendly nature. Such buildings are known for their strength, durability, and longevity, making them a popular choice among people. Compared to traditional construction, prefabricated buildings are much quicker to assemble, reducing construction time significantly.
Labour costs
Labour is another significant expense in house construction, so estimating the hours and duration for which labours are needed is important to predetermine your expenses. The labour cost may also vary basis the plot type and the size of the structure. In Hyderabad, the labour cost for constructing a home may account for nearly 15 percent of the total cost.
Building structure
The shape of your house can also influence the construction costs, so try to design a house with a smaller exterior area to reduce expenses.
Flooring can also be expensive, but choosing cost-effective options like concrete flooring can save you money. Additionally, reducing the number of walls in your house can make it roomier, allowing natural sunlight to enter, and limiting electricity expenses.
Avoid making frequent alterations to your construction plans, which can increase costs and delays. Instead, finalise designs well in advance to minimise changes during construction.
While using the latest technology homeowners can monitor the progress of their construction from the comfort of their homes, it is important to be on-site and review the work and quality from time to time. It is crucial to have a well-thought-out plan for the exterior and interior house structure to avoid challenges later in terms of cost and construction time exceeding the stipulated timeframe.
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