Cost of Building a Modern House in Nepal
Cost of building a modern house in Nepal
The cost of building a modern house in Nepal depends from place to place. There are usually two methods of quantity measurement prevalent in Nepal. They are
Unit Rate method
Unit rate method measures the cost of house on the basis of total floor area of the house. However, there are different practices of measuring the total floor area of the house. Some contractors measure the total slab area rather than total floor area for calculating the unit rate. This is the reason why unit rates from two contractors cannot be compared.
Quantity Rate method
Quantity rate method measures all the quantities and forms a bill of quantities. Running bills at various stages of project is created and submitted to the client for payment.
Quantity depends upon the design of architect and civil engineer whereas the rate is based on rate analysis. The rate analysis includes the cost of material and manpower used for building unit quantity of the item. The rate analysis depends on the rates given by the government and prevalent market rate of materials like cement, sand and aggregate.
In Kathmandu valley, various apartments have been constructed and many of them are on sale. A typical 3BHK apartment with an area of 1250 square feet and consisting of 3 bedrooms, 1 kitchen, 1 dining, 1 living room, 2 bathrooms and 1 garage would cost Rs. 20 million. The unit cost per square feet turns out to be Rs. 16000 per square feet.
A typical 2bhk apartment at the 9th floor near to the prime location like inner ring road with marts, hospitals and schools nearby and showing exotic views would cost around Rs. 15.5 million. Such an apartment would have 1 living room, 2 bathroom and toilets, 1 garage and 1 dining hall too. It would also have a total area of 1150 square feet. The unit cost per square feet turns out to be Rs. 13050 per square feet.
Comparison of cost of apartment vs cost of building a house
According to our estimate, building a house with features equivalent to a typical apartment costs around Rs. 4000 per square feet. If you buy a land so that a house with floor area of 1200 square feet would be constructed, it would require you 1700 square feet of area. An average land in Kathmandu for 1700 square feet of area would typically cost Rs. 15 million. This turns out to be Rs. 8823 per square feet. If you add this, it would sum up to Rs. 12800 per square feet. As discussed previously, an apartment can cost around Rs. 16000 per square feet at similar location. Therefore, we can conclude that an apartment can cost expensive and you wont have freedom that you will have in your own space in an apartment.
It turns out that cost of building a house is cheaper as compared to cost of an apartment in a High-rise building. If you apply some measures, you can reduce the cost of construction.
How much do construction companies charge to build a house
Skillsewa is in itself a construction company. Here are the images of the buildings we have constructed or have been constructing with their specifications. The specifications include the price, the location, the land area, the built-up area. Typically, a neoclassical building would cost higher than a contemporary design.
Location: Kirtipur
Land area: 3.5 Aana
House area: 2.4 Aana
Type: Semi-bungalow
Style: Contemporary (box design)
Finishing: standard
Cost: Rs. 65,00,000
Start date: 2080 Kartik 14
End date: 2081 Jestha
Location: Budhanilkantha
Land area: 4 Aana
House area: 3 Aana
Type: bungalow
Style: Neoclassical
Finishing: High Class
Cost: Rs. 1,21,00,000
Start date: 2080 Shrawan 4
End date: 2081 Chaitra
Cost of House Foundation
for building a house, framed structure is most prevalent in Nepal. The two types of framed structure are Rcc framed structure and steel framed structure. In both of these structures, the foundation is made up of Rcc structure. The cost of typical foundation is equivalent to casting two floors of structure.
Cost of new house construction
If you want to check the cost of a new house, you can see the typical unit rate of buildings which we use as a guide to do contract with out clients.
Basic: price starts from Rs. 3000/sq. Ft
> simple fittings and faucets
> iron railing
> door readymade
> wooden door frame and aluminum window frame
> kitchen concrete slab
Economic: price starts from Rs 3300 / sq. Ft
>semi-modular kitchen
>tile floor/balcony
>marble stairs
>underground water tank
>wooden door frame
>ready-made doors
>steel railings
>basic faucets and fittings
>aluminum windows
Standard: price starts from Rs 3700/sq. Ft
>the modular kitchen
>kitchen floor tile and balcony/terrace tile
>granite on the stairs
> water tank underground
>UPVC windows
>gate and boundary wall
> paints by Asian/Berger
> branded fixtures and faucets
>door frame made of wood
> pre-made, personalized doors
> steel handrails
Premium: price starts from Rs 4300/sq. Ft
> all the items in standard package
> parquet flooring throughout the entire building
> wooden windows
> wooden and glass railings
> false ceilings in the living room and master bedroom
> stone flooring