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Nairaland Forum / Nairaland / General / Properties / Facts Every Prospective Building Owner Should Know(part 2)-counting THE COST (427 Views)
Facts Every Prospective Building Owner Should Know(part 3)-CHOICE OF LAND / Facts every prospective building owner should know (part 4)-HOUSING TYPES / Facts Every Prospective Building Owner Should Know (2) (3) (4)
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Facts Every Prospective Building Owner Should Know(part 2)-counting THE COST by whyteone: 9:14am On Oct 14, 2017 |
Countinued..... COUNTING THE COST More often than not,people consider the cost of building a house in terms of buildings materials alone.This is quite erroneous!There are a number of expenses which must be considered by anyone intending to build.The following cost should be considered: 1)Land:Expenses expected to be incurred here include: a)Cost of the land b)Cost of surveying the land c)Legal dues d)Stamp duties 2)Consultancy fees:You need the services of an Architect to design the house and supervise the construction.Other consultants include quantity surveyor,structural,electrical and mechanical engineers.They all charge a fee for their services. 3)Construction cost:This refers to the cost of building materials and labour cost. 4)Statutory charges:This include fees charged by the Area Planning Authorities for approval of building plans. 5)Miscellaneous:This include customary rites paid to the land owners e.g bush entry etc. All the aforementioned costs put together,constitute the cost of building a house.
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