On February 16, 2025 By newsroom Topic: India Money Advice
Building your home can be a rewarding but challenging experience, especially when managing costs by purchasing raw materials directly. Here’s a consolidated guide based on shared experiences and professional advice:
Purchase items like cement, steel, sand, bricks, and tiles from wholesalers for better rates.
Avoid Stockpiling:
Examples: Cement bags can absorb moisture, leading to spoilage if stored too long.
Material Costs (Current Estimates):
Example: Residential G+1 construction usually takes ~1 year.
Payment Terms:
Never pay in full upfront. Pay in smaller installments after inspecting work progress and quality.
Visit the Site Regularly:
Opt for frame structures over load-bearing ones for better durability and lower future maintenance.
Rainwater Harvesting:
Install a system to reduce borewell dependence and recharge groundwater. The cost is usually under2 lakh.
Borewell Tips:
Improper installations can be costly and difficult to fix later.
Choose Reliable Brands:
Regularly inspect the work quality to ensure no shortcuts are taken.
Compare Prices:
Survey local suppliers to identify who offers the best quality and rates.
Avoid Rushing:
Get feedback on contractors and suppliers from previous clients.
Revisit Completed Projects:
| Item | Cost Range (?) |
|--------------------------|-----------------|
| Raw Materials (cement, steel, etc.) |1,000–?1,200 |
| Labour |500–?800 |
| Finishing (tiles, paint, etc.) |500–?700 |
Constructing your own home is a balancing act between cost, quality, and time. With thorough planning, diligent supervision, and the right team, you can achieve significant savings and build the home of your dreams.