MM Construction: Calculate Construction Costs

MM is the site for you if you want to know what construction project costs and how this price is structured. Although the name ‘SG Construction’ might suggest otherwise, you are not dealing with a construction company here. This website is aimed at providing insight into the costs and prices associated with a construction project. These can be different construction projects, such as demolition, installation, or connection. In addition, insight is provided into the costs associated with construction projects such as land costs, notary costs, and similar matters.

MM offers you the best way to see how the costs for a construction project are realized. Below you can read more about the costs associated with building a house, how much new construction per square or the cubic meter will cost approximately, how a contractor budget is drawn up, what kind of construction costs may be involved, the work involved in building a house, any extra costs that come on top of the price of a new-build home and finally you can read more information about the quality marks and rules used by the government. All this makes MM the site for everything you want to know about the costs of a construction project and how it arises.

Navigate on this page to:

• What does building a house cost?
• What does the new construction cost per m2 or per m3?
• Have a contractor budget drawn up
• Construction costs, an overview
• Overview of various costs if you have a house built
• Certification marks and rules from the government

What does building a house cost?

The prices associated with building a new home are extremely variable and depend on several factors. A precise impression is not always easy to just give to the consumer, but a global impression is certainly possible. This gives you a good idea before making a final decision.

In the table below you will find a global overview of the costs associated with building a house. This involves looking at the size of the house, the total number of square meters, having a foundation installed, the rough home construction without any form of finishing, the finishing itself, the global total costs, and the global price per cubic meter.

What does new construction cost per square meter or cubic meter?

When it comes to showing the costs per square or cubic meter, global figures can also be shown that give an indication of the costs associated with new construction. Construction and land costs play a major role in this, which often determines the major part of the price. However, these costs are extremely variable, often depending on the location where the new construction will be built. This makes it difficult to list concrete costs, but global costs are nevertheless an option. The table below shows a global overview of the price per square and cubic meter, including the type of new construction.

As you can see, prices can vary widely. Let’s illustrate this with an example. Suppose you have a house with a volume of 500 cubic meters. If you choose the cheapest option, you pay a price of $ 290 times 500 cubic meters. That is equal to $ 130,000. If you opt for luxury construction, this price is therefore twice as expensive: $280,000.

Have a contractor budget drawn up

Before a contractor starts work, it must prepare a contractor budget describing all tasks, quantities, and unit prices. This gives you a clear price indication of the construction project, and it also gives you a good overview of all the costs associated with building a new house. You get the cost from multiplying the quantities by the unit prices. An offer can also serve as a budget. All tasks to be performed can be found in the budget or quotation (minus unexpected tasks).

Construction costs

What exactly are the construction costs? Strictly speaking, these are the costs that are necessary to realize the construction of the house. Some of the most important construction costs are listed below. The costs associated with these activities are usually an estimate, but an exact calculation is often also a possibility. This happens later in the construction phase. In the preliminary phase, an estimate can be made per square or cubic meter, which may differ by 10 to 15 percent from the final amount. You can of course also wait for the contractor budget, in which you can find the correct costs.

Various construction costs listed:

• Demolition costs
• Construction costs
• Installation technical costs
• Soil mechanical research & environmental research
• Building permits
• Connection costs gas / water / light

Demolition costs

Both in the case of a renovation and when building a completely new house, it may happen that certain elements have to be demolished before something new can be built. Fortunately, many professionals have years of experience in demolishing the policy of parts within the home. Completely demolishing building costs between 40 and 60 dollars per square meter.

Construction costs

As you can read in the tables mentioned earlier, there are many costs involved when building a new home. A construction cost is an umbrella term that refers to the costs of your own construction contractor. This could include the price you pay for materials, hourly wages, delivery, and all kinds of other related costs that you incur at the contractor.

Installation technical costs

Installation costs can fluctuate considerably. Sometimes they are only a small part of the entire construction costs, other times they can be as much as 50% of the costs. What do you have to consider installation costs? Examples include connecting the heating, ventilation, plumbing, electricity, and much more. Your home is filled with things that need to be connected, which is why this cost item is sometimes quite substantial.

Soil mechanical research & environmental research

All sorts of research and measurements must be carried out prior to building a new house. Sometimes these measurements are carried out quickly, other times measurements must be taken deep in the ground. These costs are therefore also very variable. The price can therefore range from a few hundred euros to thousands of dollars.

Building permits

Whether it is a renovation or to have a completely new house built, you will need a permit that is approved by the municipality. The costs associated with applying for a permit can differ per municipality. On average, you have to count on half to two percent of the total investment costs for the building permits.

Connection costs gas / water / light

Without a connected gas, water, and light, it is not much use for a new home. It is best to ask about this at a supplier or the municipality. Costs are on average between 2000 and 8000 dollars.

Overview of various costs if you have a house built

Below is an overview of the different costs you will incur when you have a new home built.

Various additional costs listed:

• Land costs
• Notary fees
• Transfer tax
• Interest costs land

Land costs

For a new house, you will need land, after all, it has to be built on something. You can buy land from the municipality, a private individual, or from a project developer. Soon you have to count on an amount between 150 and 500 dollars per square meter.

Notary fees

A notary can perform various tasks for you, which makes the costs variable. You can quickly count on just under a thousand to thousands of dollars.

Transfer tax

Only applicable when an existing home is bought. Currently, this tax is 2%.

Interest costs land

In order to purchase land, you will probably have to borrow money, on which you have to pay interest. This interest is variable and depends on where you borrow the amount.

Extra costs on top of the purchase price of a new-build home

Below you will find an overview of the costs that can be added to the purchase price:

• Mortgage advice:  1500 dollars
• National Mortgage Guarantee:  one percent of the mortgage sum
• Notary fees:  500 dollars
• Building interest
• Repayment and interest of the mortgage: depending on height.
• Additional work
• Delivery inspection: $ 250
• Construction costs
• Interior of the house

Approvals and rules from the government

Products must meet the CE mark Opens in a new window and the K OMO Opens in a new window. The CE mark relates to the Australian directives related to products and business processes, also within construction. The K OMO is a quality mark that is specifically given to companies within the construction industry, with this quality mark you know that you are always in the right place.