How Much Are Houses In The Philippines – Engineer Dea is a 29-year-old digital content creator from Manila, Philippines. I am a licensed civil engineer, a content writer and editor, a solar business professional, and an entrepreneurial unit insurance manager.
Home » How much does it cost to build a house in the Philippines? How much does it cost to build a house in the Philippines?
How Much Are Houses In The Philippines
It is safe to have all our dreams at home. Whether he chooses already built or still to be built, as long as it is a home where we can go home safely every day and sleep soundly at night, it is a home that we can all long for. But for those who want to build a house from scratch – there is room (not literally) to think about what it would be like and be creative about it.
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But while we imagine what our dream home might look like, actually building a home has a major limitation: cost.
A house, or real estate in general, is the most important thing in life, and the price will definitely break the bank. For some it is their ultimate goal or mission. But how much investment are we talking about here?
The current unit of measurement when it comes to evaluating housing investment is the cost per square meter, often for floor area, or for the portion of a building that can be used. This is in contrast to the land or area that can vary by floor area, especially in multi-storey buildings.
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In the Philippines, the current ballpark figure is P 20,000 to P 25,000 per square meter for low-cost housing and to P 35,000 per square meter for two stories. This number is typically used by contractors to build semi-finished homes in a normal timeframe (6 months to a year, depending on size), including labor, material and equipment costs, but excluding professional fees.
For example, you have a 6 x 8 empty machine and you plan to take it under a 6 x 6 meter structure on two floors. That gives us an area of about 72 square meters, which means the estimated cost of building a house with finishes is P1.8 million to P2.5 million.
Of course, this number is subjective – other architects and designers use up to P 35,000 as a ceiling amount – as the cost depends largely on the individual analysis taken of the materials and performance specifications, the site’s location and topography and the construction time. .
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Some architects and designers prefer to work with a budget instead of the other way around: they say you have 2 million to build a house with a lot of preparation; and find a way to maximize that amount and build your dream home for you. This is a wise financial decision on your part as well so that you don’t leave more than you owe on your home.
As a solution, more often than not you need to pay a lot of money. According to the contract, progress billing is an option where you pay the contractor on performance. Are you thinking of settling in the Philippines but don’t quite know where to start?
The most important thing to remember is that the first step in building your home is to build your own home.
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Building a home is a long-term investment that pays off. Once you decide how much you want to invest in your home, everything else will follow.
However, you will be the one excited about them, depending on the reason you have decided.
In other words, the cost estimate is your budget that will cover the final phase of the building and will be the basis of how cash flows all through completion.
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It will also be easier for you to see where you are in terms of your budget, so you can compare the total sum to your financial statements as you progress.
In construction, you will know these four types are determined as Rough Finish, Basic Finish, Semi-Gorgeous Finish, and Elegant Finish.
All species have in common all viable shells; that separates them as much as possible to make your house comfortable to live in.
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The average house in the Philippines is usually built on an area of 40 m² (square meters) to 120 m².
An example calculation will be provided later and it will use 100 m² for the area of your house.
This is an economically reasonable choice, especially if you plan to build your home on a concrete foundation.
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This is a suitable starting home on a budget whether you plan to live in that development or not.
The cost of the parameter (based on the area of the house) for the rough finish will be between ₽8,000 to ₽10,000 per square meter.
The surface is still uneven or irregular; you could clearly see the initial design such as where the bathroom is located, which side of the house will be the kitchen, or where the ground level is, etc.
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The repairs are still there and you can easily identify the wiring behind the walls, including several holes for future installments.
Now back to your area of 100m² for example, this is your total area.
An ideal general rule of thumb in construction is to use 60% of the total lot area for your building footprint – this is the area the building will cover.
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The remaining 40% will be fixed offset or inconvenience – this is important because this is your “discount” for your property line, especially if your location is near major roads or areas that may be developed in the future.
This is different from the total construction cost, which is the sum total of the total cost of the project plus other charges, such as planning, professional fees, etc.
For this example, assume that other expenses are 10% of the total construction cost.
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This amount does not include landscaping, gates or fences, or even owner occupier materials (OSM) such as lighting fixtures, appliances and the like.
If you have a higher budget for your home, you may be able to build other types of homes, making the process more efficient for both you and the contractor.
A semi-finished house may be right for you if you haven’t decided how to make your home your home.
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Getting the foundation done will allow you to move, but it will also give you more time to make design changes or adjustments to your home.
We always remember that these quantities are only approximate, however, they may vary depending on your design, material and labor costs.
If you’re trying to find a house to rent in the Philippines, you’ll find that most studio apartments are usually simple.
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Especially for basic purposes, ceramic or granite tiles can already be installed; the walls have already been painted and the window panels are also being installed.
It can already have its own roof as a firmament, bay, shed, cathedral or sarcophagus, to name a few ceilings.
With this option, you already have a nearly perfect home with all the key features you need.
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This includes long coverage; The exterior walls, aluminum panels, doors and windows and the rest of the bathroom are already covered.
If you want to build with all the way, this is the best option for you.
Flooring includes vinyl, ceramic tile, or uniform tile; the cabinets have already been installed and painted and so on.
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Depending on where your lot is located in the Philippines, you will notice that most of the residential areas and structures are semi-luxury.
The divisions within the house are more noticeable, this includes many rooms, such as the guest room, the play room and the master’s room; sliding windows and other advanced features that you may not see in a standard finished home.
If budget is not something to worry about and you have saved enough to build your house in the Philippines, then you should definitely go for your dream house.
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The elegant finish is more than just a perfect home, it also has all the extra features you need.
It is also unusual to make a neat finish for a model of 120 m² in two stories, as it is quite usual for larger plots.
If you have seen some of the celebrity home tours online, you might have an idea of the gorgeous homes that are usually made in the Philippines.
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Theoretically, a luxury ready-made house in the Philippines would cost you about P3,300,000 to build your 120 m² two-story house.
Well, there you have it. These complete the four common houses that you can consider building your home in the Philippines.
However, they are so important to know what to consider before hiring a contractor to build
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