However, it is possible to get a rough estimate of the amount of money needed for your new house project by considering the following: 1 .
The square footage Examine a newly constructed house that is similar to the one that you envision .
Get the price of the house, subtract the cost of land and divide the amount by the size of the home .
For example, if the house is valued at Sh75m and the land costs Sh45m, then the construction cost is around Sh30m .
If the home is 450 square meters, then the cost per square meter is around Sh66,700 .
2 .
Quality of finishes The quality of finishes greatly determines the cost of building a house in Kenya .
High quality finishes significantly increase construction costs .
Building a modest house in Nairobi costs about Sh35,000 per square meter, while a high-end home costs upwards of Sh60,000 per square meter .
3 .
House features The internal and external features of a house are key determinants of building costs .
Reducing the size and number of windows, for example, can lower your building costs while using vaulted ceilings and high roof pitches can greatly increase your costs .
4 .
Size of the house The size of a house is also an important consideration since the building cost per square meter is often higher for a smaller home compared to a larger home .
This is because, when putting up a bigger house, the cost of pricey items such as a bathroom or kitchen is distributed over more square footage .
The Institute of Quantity Surveyors of Kenya has developed some cost guidelines for major urban centers based on recently completed projects in the respective areas .
The costs, which are on a “per square meter†basis, can give you a more accurate estimate .
However, you will require the services of a quantity surveyor for accurate budget estimates preparation in the pre-contract stage as well as cost control and planning during construction .