After a long deep conversation with a fellow pal of mine by the name of Austin that happens to run a successful business and does a lot of installations of appliances for some new home builders out in Texas, goes to share with me some tips about what he see’s and what he has learned about dealing with these construction builders. He mentioned that before you embark on a construction project, you most definitely want to know the amount it will cost you to complete. When you know the major expenses of your construction project, sticking to your budget will be easy. Here are the top 5 expenses of most construction projects.
Framing
Framing is very expensive in most buildings. Although the exact costs of framing can be difficult to predict, there are guidelines that can help you determine what will increase the costs. These include the size, type, labor as well as the chosen materials. Bigger houses cost more to frame. Stick framing is the least expensive. Lumber price plays a significant role of influencing the total cost of framing. Therefore, get an honest quote before you start the process of framing your building.
Foundation
Price of the foundation is determined by two major factors. These are location of the building and foundation type. In some places, only one foundation type can be constructed. There are also places where local materials can be used to lay the foundation thereby reducing the cost. What’s more, some foundation types are cheap and simple to build than others. Nevertheless, the foundation of your building should be sufficiently strong because the entire building will stand on it.
Plumbing
Plumbing installation is among the most complex construction jobs. Installing the plumbing system of a building requires specialized skills and knowledge. That’s why most contractors bid out this job in most cases. However, this raises the cost of construction. Other factors that influence plumbing costs include the stories of a building, excavation work, and materials.
Roofing
The cost of roofing is largely influenced by type of the used materials and size of a roof. Asphalt shingles are the most common material used to install roofs because of their easy installation and lightweight. They are also cheap. Expensive roofing options include slate, tile, wood shake and metal.
Flooring
Material type and building size influence the cost of flooring installation. Common flooring types include carpeting, tile, hardwood, bamboo, vinyl and laminate. Each of these flooring types has its pros and cons which influence price.
These are the major expenses of a construction project. Discuss them with your contractor to get a more accurate estimate for your project.