Due to the Covid-19 pandemic, many materials have known an increase in their prices. This is because many construction materials in Mauritius are exported so with the lockdown of almost 3 months, it has been very difficult. From cement and asphalt products to piping and structural steel, all materials have been affected by this impact.
Plan your budget
A house is an asset as well as an investment for the future. If you are dreaming of building a new house but worried about the expenses first of all you should start by determining how much you can afford to spend especially if you need a housing loan and need to find out what type of loan you are looking for.
Construction costs increase every year due to the rise in the prices of building materials. Remember that you should include inflation into the cost estimate for your house for construction in Mauritius. It is recommended to use houses that have been built within the last six months to compare prices. As you may already know, the finished cost of a house tends to be more than the original contract value due to many aspects such as overspending allowances, making changes and encountering unforeseen problems.
To calculate an estimate, you should ensure the houses have designs and features similar to the house you intend to build. The size and shape of your house also affect its cost for example houses that rectangular or box-shaped cost less to build. Having more angles and corners in your house increases the amount of labour and materials required and need to be taken in consideration.