The construction of a home may be the biggest project one will undertake in his life. It begins well before the foundations have been laid. A home is a capital investment for the future. We have gathered the main steps to start conceptualizing your construction project.

Plan your budget well

You dream of building a new home, but the expenses worry you … Think first about how much you can afford to spend and how much your new home is likely to cost. Do not let any cost you might incur fall out of your budget – count in all possible items of expense.

How much will your project cost you?

Before going towards the conception of your architectural plans/drawings, make an approximate estimate of the cost of your project. This will help you modify your plans so that they match the state your budget. Once you have made your home plans, a builder or a meter checker can give you a quote. An architect can inform you about the multiple details and fees that you must reserve to complete your project.

Concert with local builders

Why not ask around and talk to builders who have already worked out similar projects to the one you want to undertake. They will give you an overall idea of ​​the cost of their services or construction cost along with the time this might take them to complete the project.

To begin with, look for newly built homes that have similar size, style, and characteristics to the house you want. Get to know the price of the house, to which you subtract the price of the land; then you simply need to divide this amount by the square footage of the house. This shall enlighten you on how much money you might need.

Calculate the cost

The calculation is simple – here is an example: if the selling price of the house is Rs 4 million and the land costs Rs 1,000,000; Then construction will come back to you about Rs 3 million. If the area of ​​the house is 3,500 square feet, then the cost per square foot is Rs 860.

After having got the idea of the cost – you can now start enquiring about the next step – obtaining the finance and starting the project. Stay tune for further tips about construction in Mauritius.

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