Costs of Building a House in the Philippines
Building a house in the Philippines – in any country for that matter – involves costs not only from the pockets but also becomes a form of emotional investment. Building one’s own house signifies an important milestone in life, so it involves decisions meant to be smart and cost-effective. One must be prepared both emotionally and financially before the house construction. How much should you prepare? Yes, the budget. The 2016 Construction Cost Handbook of Langdon & Seah Philippines Inc. states that building costs for an average standard home ranges from ₱25,700 to ₱31,000 per square meter. This is not far from the general industry estimate of ₱20,000 to ₱25,000 per square meter. Using easy math, a 100-square meter house computed at the minimum ₱20,000 per square meter stands at 2 million pesos. Nowadays, you will find success stories of building a house in the Philippines for less than a million and other similar accounts of people effectively working around ...