Factors To Keep In Mind For Estimating House Construction Cost
Estimating house construction costs involves several key factors. Begin by referencing similar recent projects to establish a baseline. Accurately assess building material costs, considering market fluctuations, shipping rates, and taxes. Determine local labor wages specific to the construction area. Conduct a thorough technical review to ensure optimal resource use and account for associated review costs. Additionally, include a contingency of approximately 10% to cover unforeseen expenses, such as sudden increases in material costs or labor wages.