Cost is a major concern in building a new home. Whether you are planning to do the construction yourself or to hire a contractor, cost always needs cautious regard. Proper estimation of construction cost results in fast completion of the structure and minimal misspending. It is very important to maximize the fund to materialize the house of your dream.
In construction, estimating is the act of balancing cost with the desired outcome. If the owner of the house to be built desires that all original specifications be followed, then a relatively huge fund may be required. But if the fund is insufficient for the manifestation of all the specifications, then estimating should be done. A construction professional should meet all the requirements according to the available fund. In short, estimating is searching for alternatives.
Building a house involves a big amount. From the purchase of materials to labor cost, there is no way a single dollar should be misspent. In estimating, the planner (usually a civil engineer or a structural engineer) studies the drawing. Drawings are normally overstated; thus, they require some trimmings. The original cost that the drawing represents can even be halved without affecting much the stability and aesthetic value of the structure.
Trimmings are only applicable for purchase of materials needed, professional fees and cost-maintenance. They should not apply to standard labor cost of the masons, steel men, plumbers and workers in other specializations. This can only be trimmed down if DIY build a home technique will be adopted, in which construction can be done with minimal number of laborers.
Alternative is the voice of cost estimate. There is always a cheaper alternative for the construction material. However, there should be a careful regard in searching for alternatives. The price of the material mostly explains its quality. For example, pozzolan cement has higher quality than typical cement but is also more expensive. Some DIY build a home techniques use pozzolan as an admixture and not as main concrete material for practical purposes.
Also, in making an estimate, it is better to keep materials like steel bars and tie wires that reinforce the concrete and add to the structures stability. It is better to spend much for these materials than to compromise the safety of the structure. Usually, DIY build a home techniques neglect this because of lack of professional supervision.