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 seemingly tight budgets. It is best to take these as sources of motivation. Gather as many recommendations as possible from trusted sources to build a strong mental and financial footing. Apart from readying the budget, one must be mentally prepared for decisions both major (finding the right suppliers, agents, and location) and minor yet critical (curtain colors, number of stair steps, shower valve design, etc.).

 

What are other factors that increase the building cost?

The rough assessment of ₱20,000 to ₱25,000 per square meter is as it is – an estimate. Other costs from building permit processing fees, landscaping, fixtures are not yet included in this valuation. Needless to say, the bigger and more intricately designed you want the house to be, the higher the expenses will be.

It is then critical to have a finalized plan and design in place prior to actual construction. Deviating too far from the original timetable because of changing plans or designs midway the building process will take a toll not only on the schedule but also on the finances. Both rushing and prolonging the schedule increase manpower costs.

Usage of the right materials contributes to costs as well. Remember that going economical on the materials does not always guarantee quality, and not all high-cost supplies are appropriate for your needs.

 

What are ways to make the construction less stressful?

Make smart investments – budget your finances well and be mentally prepared for the stress. Find the balance to make the excitement of building your home last throughout the entire process. It is your own house you are building; you must have more positive memories about it when you look back.

Find the right planning partner and get trustworthy estimates. Remember that the house you are building will be your long-term shelter thus you need the right people working on the job. There are a lot of contractors in the Philippines, and you will find Top-Notch worth a try. Their free estimates will give one a good head start. It is critical to choose the right construction company, and it is worth checking with their past clients and projects to ensure credibility.

 

Building a house in the Philippines is no easy feat. It is both financially and emotionally challenging. Nevertheless, if one prepares enough the process will be as fulfilling as it should be. One will be rewarded with not only a sustainable shelter but be blessed with an experience worth a smile looking back.