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# Building Cost Calculator

## How do I estimate the cost of building a house?

For example, if your new home is to be 2,000 square feet and your builder estimated that it would cost \$350,000 to build, then your cost per square foot is 300,000 divided by 2,000, or \$175.

These costs per square foot do not include the cost of land, local impact fees, financing costs, marketing costs, or sales commissions. The cost of land or building site varies tremendously depending mainly on location.

For home builders, the ideal breakdown of the selling price or market value of a new home is as follows:

25% material, 25% labor, 25% land cost, 12.5% builder profit, and 12.5% builder overhead, which includes the cost of running their business, construction financing costs, and the new home’s marketing and sales costs.

All builders must constantly balance the material, labor, land, and overhead costs when estimating the costs of building a new home. This is what construction cost estimating is all about.

### How many bags of cement do I need for 1000 square feet?

About 0.38 cement bag is used per sq ft of construction. So, around 400 bags of cement (50kg each) are consumed for 1000 sq ft home. Sand is not only required for preparing RCC, mortar and plaster but also used for filling and flooring too. Sand consumed is about 1200 cubic ft.

### How much should I charge for labor?

Industry average of \$35/per hour. Industry average cost for this job = \$4200 (120 x \$35) To achieve a 30% gross margin, this labor cost needs to be marked up approximately 43% Industry average price = \$6006 (\$4200 x 1.43) – so this is the labor rate (price) included in the quote to the customer.

### Consider the Style, Quality and Features of your House

The cost doesn’t only depend on the size and dimensions of your house but also on features and styles that you select from architectural point of view. Talking about style, we refer to the shape and dimensions of various elements like stairs, terrace etc. The cost for the element which is square or rectangular in shape is lesser as compared to round or some special shape. Similarly, if we have multiple stories in a building then the cost will be lesser as compared to a single story with same total square footage.

Quality takes into account the type, color and dimensions of of various construction materials. The cost greatly depends on the quality of material. For example, Marble counter-tops will cost you more as compared to granite counter-tops. Moreover, building features like the roof pitch, overhang dimensions and span lengths will also impact the total budgeted cost of project.