Low Budget Simple House Design & Construction Tips in India - Kotak Bank
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17 APRIL, 2023

The construction of a house is a substantial financial commitment. Therefore it is essential to get it done correctly. The building of a house may be rather pricey, but there are a lot of suggestions that can help you build low cost housing without spending a lot of money. While building a house, there are several opportunities to cut expenses and save money, including reducing the number of materials and supplies purchased and bargaining with the builders. The following are some of the most helpful and cost effective construction techniques for constructing a home on a budget.

1. Choose The Right Plot Of Land

One of the most important decisions in building a home is selecting the right plot. The plot mustn't have an excessive difference in height or depth compared to the road level. If the plot is too low, a significant amount of filling is required, which can be an expensive part of the construction process. Investing time and effort into finding the most suitable plot can minimise these costs and ensure the building process runs smoothly.

2. Keep It Simple

The more straightforward the plan, the more affordable the construction or low cost house design will be. It is necessary to make sure that the design is realistic. Nevertheless, it should not contain excessive details that will add to the price of the building. In addition, it is necessary to make a detailed plan in advance and use a lesser amount of the required materials and supplies to cut costs during the total home building process.

3. Choose Standard Sizes

Standardising the dimensions of building supplies helps reduce costs. Construction materials purchased in standard sizes are more cost effective than those cut to order. They are mass produced, resulting in reduced per unit production costs. If you want to save money and time during construction, standard sizing for building supplies must be used.

4. Plan Ahead

Planning ahead of time can save a lot of money. Planning allows time to search for the best deals and prices on materials and supplies. Furthermore, it also allows purchasing in bulk, significantly reducing costs. It is important to plan to budget properly for the construction of a house. So, plan ahead and save money in the long run.

5. Foundation Of A Building

The foundation of a building is a crucial part of any construction process. It is estimated to take up 11 to 16 per cent of the total cost. The foundation can be around 2 feet deep for typical soils. However, this depends on the soil type. The foundation must be deeper if the soil is more delicate or softer, meaning the cost saving objective may not be achieved. The depth of the foundation should generally be between 3 to 4 feet to ensure a sturdy and secure building.

6. Choose The Known Contractors

Finding a contractor that is familiar with construction and can work within your price range. You should do your homework and compare the prices of several service providers to choose the most affordable contractor. You should also try to bargain for the greatest price feasible with the contractor. Low cost house design is possible if you are willing to invest time and effort to look for the best contractor.

7. Prefabricated materials

If you want to cut expenses during building, prefabricated materials or low cost housing materials are the way to go. Low cost housing materials are manufactured off site, saving time and money over purchasing raw materials, having them cut to size, and putting together the pieces at the building site. Furthermore, they come with comprehensive user guides that make the installation procedure a breeze. In addition, prefabricated materials are available in a wide range of sizes and forms, making selecting the right match for any undertaking simple. Prefabricated materials quickly replace traditional construction methods and save time and money.

8. Choose a Load Bearing Structure

When picking between a load bearing and a frame structure, the load bearing is always the better choice. One's life would improve in a variety of ways. Secondly, it is more cost effective than traditional methods, particularly for low rise structures, because fewer steel rods and concrete are needed. Also, less effort is required to build, which reduces material and labour costs. Ultimately, it's adaptable, so any required changes may be made quickly and easily. So, consider constructing your house on a load bearing foundation.

9. Insulation

A building cannot be completed without insulation. Costs associated with heating and cooling the home are mitigated thanks to its utilisation. Putting insulation before a building is erected saves money compared to doing it afterwards. As a result, adequate insulation is crucial for maximising comfort and minimising utility bills.

10. Use Local Materials

Using local materials for low cost house construction is recommended to save on building expenses. Transportation expenses may be minimal as the supplies won't have to be brought in from far away. In addition, domestic resources are typically more accessible and of higher quality than their international counterparts. Hence, building a house with local resources is a great method to save money without sacrificing quality for low cost house construction.

As far as construction advice goes, they are among the most economical low cost housing options available. Getting the required results while minimising costs is feasible with careful preparation and ingenious decision making. Due to the high construction cost, it is essential to take all necessary measures to save expenditures without compromising quality. Follow cost effective construction techniques to build a low cost, functional and stylish home. A low budget, simple house design is achievable with the help of the above tips.

You can take a small home loan and build your dream home. A home loan is usually secured by the property itself, meaning that if the borrower defaults on their payments, the lender may repossess the property.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.