Constructing a new house- Part I - Design and estimation of construction cost- Cochin contractors

Constructing a new house- 

Part I -

 Design and estimation of cost of construction 

Cochin contractors

Constructing a home or remodeling an old home to match to the present day requirements and the comforts and passions of the people who are going to live there is an important task which has to be dealt with very cautiously and very carefully so that wastage can be avoided and the wild dreams of the person who is building it can be met to a better level.

In olden days, say about fifty years back or so, building a house was a very rare and unachievable task due to the poor income level of the common public. Only persons born in rich families did have the financial capacity to build a home. Ordinary people lived in ancestral homes as joint family. Usually separate houses were built by each individual family only at a late age of more than fifty or so. As there were more children in each family and as there was no scope of getting a decent employment which helps to earn money and as there was less support from financial institutions like banks, building a home was not even a dream among the common man.

As years rolled down the paraphernalia changed. Number of children in each family was reduced to three or four. Most of them got salaried jobs, even the wages of labourers increased considerably and many persons went to gulf and other foreign  countries were better remuneration was available and many banks also started giving good amount of money as housing loan and repayment period was also extended to fifteen or twenty years. All these factors helped the building construction industry and the people had an opportunity to dream about constructing a home.

Before constructing a house every individual has to consider the financial viability of such an attempt. What is his monthly income, how much amount he can save every month, what are the immediate requirements in the house to be constructed has to be decided first. After having a general idea about all these factors, he can have a general idea about the area of the house he is going to construct and the approximate cost of the building.  When this cost is calculated care has to be taken that the amount so calculated can be met from his personal savings and the loan amount that he may get from a bank. The loan is sanctioned from a bank taking your property as surety and considering your ability to repay the loan amount from your savings from the monthly income which is calculated after reducing the probable monthly expenditure.

If you have a flare for house construction and if you can spend some time for this purpose, it is better that you take up the responsibility of constructing the house by yourself. If you are a person ready to study new techniques and interested in inter action with human beings, it will be a very easy and satisfying task.

If you have a plot of land the first thing to do is to consult an architect and discuss the matter with him. Show him the site and explain clearly how much amount you can spend and what are the minimum requirements you would prefer to be present in the house. After a first meeting with the architect, you will be able to understand what all facilities can be provided for you for the amount you are going to spend. At this stage you can discuss this information with your family members and get their opinion in finalising the requirements to   the tune of your investment. After this you can again discuss with your architect. At this stage he will be able to show some rough sketch and this can further be modified in consultation with your family members.

Once the design is ready, you can ask for an estimated cost of the house. After getting the estimate and after ascertaining that the cost estimated is realistic and the facilities provided are adequate, you can decide whether you will be able to do that or whether you have to entrust it to another person as at his stage you would have a rough idea about the processed involved in constructing a house and whether you will be able to accomplish it or not.