a speedy approach that i use to screen through construction cost is to tag it against the land price.. usually @ a ratio of 30:70..

example, if your land is 90 psf, then the estimated construction cost is 210 psf [(90*70)/30].. by using the land price as a factor, it moderates the corresponding cost that u shud be spending on the building itself..

of coz, the actual depends on how basic or luxurious u want it to be, i.e. the quality.. and also bear in mind the variances, often rising material costs from the moment u embark on the project.. u may not want to commit too early i.e. cashflow, but generally, and in recent times, the cost can fluctuate up between 40%-60% throught the course of the construction period.. have to be extra diligent on this part, make sure your project manager or architect lays out the procurement plan..

then the part on financing, i assume u need it.. get a building plan prepared, may not necessarily be the final version.. a draughtsman can do it provided with the certification of an architect, and the official quotation for the project.. if your land is free from encumbrances, it's still adviseable to raise some additional cash out of it as buffer, or to ease on the furnishing costs, and a few months of installments after settling in..

and yes, try not to do everything on your own.. consult the professionals, but at the same time, shud have your say in what u have in mind, plus managing your budget, compare a few other quotations.. hope it helps and good luck..

u may visit propertyWTF.com.my to check out some of the topics that may be relevant..

This post has been edited by EMYGHT: Nov 3 2011, 09:52 PM

duty call.. kekekeke

getting use to it, TNS got to re-edit each time.. sian..

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This post has been edited by EMYGHT: Nov 3 2011, 10:13 PM