CONFIDENTIAL – Complete Guide to How Much It Costs to Build a House

If we talk about the cost of build a house we can talk about a lot of data as the BDE (Bank Of Spain) in 2019, saying that they were 1304€/m2 but this estimation is based on the price per m2 of the free homes priced for what it is a value that we can take as the answer to the most simplistic.

The dream of so many people is to build your own house, a home designed-to-measure and with the characteristics that have always desired. However, before embarking on this exciting project, it is crucial to understand the costs involved in the construction of a house in Spain in 2024. The sources provide detailed information on the various aspects that influence the final cost, since the choice of the ground to the finish of the housing.

For them, before you rush to the bank, wait! do you think it would be so easy?...hopefully! and you set a price for m2 without knowing what your home is that you have a crystal ball and on top knows how to use it why? then look at the cost to build a house is based on changing factors like size, location, labor, materials, and trends in real estate today, which make it impossible to find a perfect answer, and unique.

In addition in this article “What are the costs in the purchase of a home” you are as to what costs of paperwork and taxes you face at the time of purchase and which were not few.

It is not correct to speak of price, but a price range because there are many factors associated with the cost

So let's break down the average cost to build a house into each stage. Put on your helmet, remángate and keep reading.

The costs of a separate dwelling will vary depending on the design of the building, as well as additional considerations such as the location, the size of the plot and the materials used. Also it is important to note that the structures of single-family homes are independent and are only performed for them as the foundation. Due to its unique construction, the costs associated with single-family homes may not be applied to the construction of a duplex or an apartment, even with the terraced houses.

Building a new home is an opportunity to meet your exact requirements for design and usability. But build from scratch can be a daunting task, especially when it comes to price. This in-depth article to the prices associated with the construction of houses will help you to make the budget decisions that are right.

Factors that determine the cost of building a house

The cost of building a house in Spain it is not a figure fixedbut that depends on a number of important variables:

· Household size

Logically, the size of the house is one of the most important factors that influence the final cost. A larger home will require more materials and workmanship, which will increase the total budget.

· Location

The price of land varies significantly according to the location. In the big cities and coastal areas, land price is usually much higher than in rural areas.

· Quality of the materials

The choice of materials of construction also influences the final cost. The high-end materials, such as certain types of flooring, siding, carpentry or insulators, will have a higher price than the standard materials.The characteristics of the terrain

The characteristics of the terrain, such as topography, accessibility and the presence of basic services, can affect the cost of the foundations and connections.

· Complexity of the design

A design architectural complex, with irregular shapes or customized items, it may require more labour and special materials, which will increase the total cost.

· Professional team

The fees of the professionals involved in the project, as the architect, the quantity surveyor and the construction company, may also vary according to their experience and reputation.

· Licenses and taxes

It is essential to take into account the costs associated with the licenses, permits and taxes associated with the construction of a house, such as the Tax on Constructions, Installations and Works (ING) and the license of first occupation.

Average cost of construction per square meter

In general, the cost of construction of a house in Spain is estimated per square meter built. According to the sources, the average price per square meter ranges between 700 and 2,000 eurosincluding materials, labor and professional fees. However, it is important to note that this price is for reference only and can vary considerably, depending on the factors mentioned above.

Examples of prices of construction per square meter:

• Fotocasa mentions an average cost of 900 euros per square meter in Spain.
• PlanRadar puts the cost of construction per square meter between 700 and 1,200 euros, and raised the figure to € 2,000 if you include the taxes and other expenses related to the construction.
• Idealist/news he mentions that, according to experts, the cost of construction per square meter in 2023 ranges between 1,900 and 2,000 eurosdue to the increase in prices of materials and the lack of manpower.

Take a look at the costs associated with each type of construction of single-family housing, including custom, pre-fabricated homes and promotion.

How much does it cost to build a custom Home: 350,000€-+1.5 Million€

The custom building you allows you to create a home that will meet your aesthetic needs and functionality exact. The unlimited options associated with custom homes that make them costly in terms of both money and time.
Estimate the cost of a custom home is difficult because of the wide range of options. Usually, the custom homes cost between 1.076€/m2 and what you want to spend.

The location and the materials will play an important role in the price of your custom home. The mini houses are a popular alternative to the houses custom more big. These homes of reduced size provide a high degree of customization without the drawback to the price.

How much does it cost to build a Modular and Prefabricated House: 50,000€-300,000€

The prefabricated homes are manufactured in a workshop and assembled in the place. While the prefabricated houses may not have the design options of custom homes, the cost is substantially lower. Many manufactured homes they cost between 10 and 20 per cent less than the custom alternatives.

The prefabricated also can be divided into two types:

Construction with panels

The construction with panels involves the fixing of walls prefabricated to the floor of the house. This style of construction is ideal for designs of homes with features that are not available in the modular construction. This can speed up the construction time and reduce costs.

Modular construction

Modular homes are created in sections and assembled in situ. The modular manufacturing can lead to smaller rooms, but many homes modular modern offer additional design options that can open up tight areas. In most cases, the porches and garages are not available in modular housing.

The combination of the modular construction and panels is a popular alternative for those looking for designs that are not available in the modular construction.

How Much Do Residential Developments Cost?: 50,000€-+1.5 Million€

Promotions homes offer a high degree of customization, but are not limited to a library of floor plans and locations. While this may offer attractive amenities, it also can mean a constant construction around the neighborhood.

In addition, many neighborhoods of new construction are further away from the entertainment and cultural centers. The developments come at a price for a variety of owners, ranging from first time homebuyers to retirees who are looking for luxury homes.
The amount of customization available in a development is considerable. The housing developments are also more affordable homes custom.

In fact, opt for a promotion you can save up to 15 percent in construction costs of housing. In some cases, this may be on par with the homes that are modular, but few promotions will fall below that amount. This can increase the savings, although the amount of changes should be minimal to maximize the price.

We are going to focus on the custom-built single-family sure is what you are interested in. As we mentioned, the price is very variable and we have to take into account many factors associated with the final price of what we're going to realize that not only is, as we will see later, what's it worth to build the housing.

What are the steps and what to have in mind to build a house?

Create a budget

Go to your bank and ask first how much money you have to finance your home. Your budget will limit the size, the type of home, the interior features and the personalization of the same.

Don't forget to follow our tips on how to negotiate a mortgage so that you go prepared.

Buy the land

In the first place, this is from a box, but if you still haven't bought the plot of land where to build your house, find a real estate agent with the knowledge necessary to or get advice before the purchase by a specialist.

An expert will help you find and negotiate the perfect location where to build your home. A good agent will know where to find a good opportunity that will make your home more valuable with time, which is one of the main things that must always be kept in head.

It is not the same as a worker of a real estate broker a real estate expert, in addition you I disagree that you believe what you put ads from sale of plots, I have checked a lot of the terrain that says that you can build without problems and then come the surprises.

Prepare a project

Now, once you've found your plot, get ready to take lots of decisions! In each phase of the construction will have dozens of options to choose from that affect the cost of building your home. You will need to begin with a vision well-planned and detailed home that you want. And we do not refer only to the number of rooms and finishes.

If you do not set a budget of starting, you'll end up having serious problems. It is therefore important that your architect is coordinated with the builder because if not you'll have a house full of details from Pinterest that you will not be able to pay.

Try not to have your architect and builder to develop the project together. Your builder can make sure that your architect is not drawing a picture of something that is super expensive to build.

Get Permissions

It is best to let your architect or builder to handle the paperwork. The permissions are a complicated and slow to build a house. Have the appropriate licenses will ensure that your inspections are free of errors and that you start the works promptly.

Choose the appropriate constructor

This step is very important and will be the success or failure of your project, you have already been able to to choose to the architect brighter than if the builder does not work...everything will be ruined and it will be an ordeal. But don't worry we have also thought of this us –> How to choose a builder

Hire the supply of work

Can't start any work if you don't have water and electricity, and it is important to know that these supplies are provisional, so you'll have to change them when you finish the work and don't forget because I will cut off the time.

This you can manage it yourself, although I advise that you've subcontracted management is your building in order not to have problems because the more you delay the light of the work the more it delays the start of your home.

Insurance of construction

It is a good idea to hire an insurance of construction before the start of the work to be able to cope with the different problems or liability that may arise. Therefore it is advisable that you ask the builder of liability insurance and to hire a Construction All risks.

With it if you had an act of vandalism in the work you would be covered. Imagine finishing the house will break the log of the lounge you strive so hard.

Start construction

The construction includes a series of steps ranging from the preparation of the site and the work of the foundation to the installation of the woodwork.

Landscaping full

The landscaping is the last step for the construction of housing. This may include the installation of lawns, planting of trees and shrubs and even the addition of walkways decorative. It is important to plan a landscape in accordance with the climatology of the area.

Inspection first occupation

This step is performed by the town hall and is a final review of the house to make sure that they match with the plans and the local building codes. The inspection is necessary to receive permission to occupy the home.

Hire supplies final

As we discussed supplies of work are provisional, so that once we have the license of first occupation go running to order your supplies final. There is nothing worse than to be in your home and you will cut the electricity because you have forgotten to hire supplies final.

How do I calculate the cost of building a house?

To help you prepare for the decisions that you will have to take at each stage of the home construction process, we have broken down the typical costs to build a house in separate stages, starting with the work before I start to work up to the landscaping, we may not be able to read your mind and predict how much it will cost to build the home of your dreams, we can show you what costs to expect and when. We're going to do this!

Costs before you start a work: 16.000€

After you decide the plot and before you start the actual construction. Must pay a certain amount of money to perform the survey, the geotechnical and construction costs of the supplies provisional water, sanitation and electricity. This will cost you around€ 5,000 of your budget. The following expenses that you will have to assume are the 4.000€-10.000€ of taxes and fees for obtaining a building permit.

It is very important to perform the geotechnical study at the beginning because you'll be able to decide if your home has a basement or not, that is to say, if your plot is pure rock the same thing you plan on doing the garage on the surface to not have to spend a small fortune by excavating the rock.

• Architectural project (4-6% of the PEM):
  • Design of the basic project and execution
  • Drafting of the report, plans, measurements and budget
• Quantity surveyor or architect technician (4-6% of the PEM):
  • Direction of the material execution of the work
  • Quality Control of the materials and the execution
  • Processing of the certificate of occupancy
• Topographical study:
  • Measurement of the land and development of a topographical plan
• Geotechnical study:
  • Analysis of soil to determine the type of foundation suitable
• Licenses and permits:
  • License works
  • First occupation license
  • Securities and municipal fees

Foundation: 26.000€

The work of the foundation is where the real fun starts! Here is when you'll start down the road in your new home. The excavation, requires heavy equipment and expert companies to make sure that the ground is level before you put the foundation of your home. And know that if a lot of large rocks to hide under your parcel the cost of excavation could skyrocket.

Your home may also need retaining walls installed to prevent the surrounding soil from collapsing and falling on your property. Given that the cementing job requires specialized equipment the cost is usually translated in to take 26.000€ budget.

A foundation properly executed is the foundation of success for your house. The foundation is not seen, but don't skimp on this stage that is critical.

Structure: 41.000€

The structure of your home will be one of the highest costs in your budget for construction of the house, only surpassed by the costs interiors. Here is when your house will start to take shape, to build the skeleton of a house (including the roof) comes with many tons of steel and concrete, with which you can carry a cost of up to 36,000€ or more.

If the skirt covered, the different layers that takes up the floor above, are not included in the cost of building the roof, you can add another 5,000€ to the budget structure.

Exterior Finishes: 47.000€

The outer wall is a departure expensive (15.000€) because it covers the perimeter of your home, and that requires a large amount of material. In addition to supporting the various aluminum and exterior doors, including the insulation prevents the weather outdoor in your home by ensuring that, even though it was pele cool, we're warm at home.

As we have mentioned, exterior finishes also include the installation of any opening in your home such as doors, windows and the garage. Which can assume around 9,000€. The finished cover can require the other to€ 8,000. This is another category in which you want to have at least a mattress of some 15,000€ for the cost of the aluminum or if you opt for enclosures, more energy-efficient.

Facilities: 33.000€

The installation of the major systems in the home will cost approximately as much as the exterior finishes. The main systems include AA (11.000€), plumbing (11.000€) and electricity (10.000€).

Notice: These costs are not included to the appliances that carry these facilities (sinks, toilets and lights). These accessories are grouped into the cost of the interior finishes. In addition to these main costs of the system, keep an extra $ 1,000 to have something of a mattress.

Interior Finishes: 68.000€

The interior tends to be the most expensive in the construction of a house. Does this make sense?, of course, since you'll spend most of your time inside watching finishes. Do you like the countertops Deckton? How wood floors? Why stainless steel? Whether you're single or in good taste, the finishes are added! There are many expenses to cover, so let's break it down quickly!

Cabinets and countertops: 12.000€
Doors, mouldings and Mirrors: 11.000€
Installation of plasterboard: 11.000€
Floors: 10.000€
Painting: 7.000€
Isolates interior: 5.000€
Appliances: 4.000€
Plumbing fixtures: 3.000€
Lighting: 3000€
Fireplace: 2.000€

Last Connect: 17.000€

You're almost there! Only a few things to add to the budget. The last steps to calculate the budget we carry items like external landscaping (6.000€) and the entrance of the house (up to€ 5,000). Also include the surrounding structures such as a porch, patio, or terrace (3.000€). And the final cleaning can cost around€ 1,000 (if, if...is carillo).

- Pocket Costs: 4.000€

Beyond the quantities of “mattress” that we have gotten in each stage, the majority of the projects of construction of housing require 4.000€ for a separate category, and miscellany that is intended to cover the total cost of construction. So plan those 4,000€ extra just in case. All of the mattresses that you ask don't sobrarán at the end.

Tips to save money in the construction of a house

While building a home can be a considerable investment, there are some strategies that can help reduce the final cost:

• Choose a less costly location: Build in a rural area or in the periphery of a city can be a significant saving on the price of the land.
• Opt for a simple design and functional: A simple design and efficient, without unnecessary items, will reduce the amount of materials and labor required.
• Select quality materials at competitive prices: It is important to compare the prices and look for deals without compromising the quality of the materials.
• Prioritize energy efficiency: Invest in a good thermal insulation, double glazing and renewable energy systems can be a significant savings on energy bills in the long term.
• Avoid changes in the work: Changes to the project once started the construction can generate cost overruns and delays.
• Supervise the work of close to: It is crucial to do a regular follow up of the work for possible errors or deviations from the budget.

Additional considerations

• House vs. developer: Building a house for their own account (self-promotion) can represent a considerable saving, as they eliminate the expense of the developer. However, this process requires a greater involvement on the part of the landlord in the management of the work and the hiring of professionals.
• Prefabricated dwellings: The prefabricated houses can be an alternative for more economical and faster than traditional construction. However, it is important to note that the final price will depend on the type of prefabricated house, the materials and the level of finishes.
• Funding: If financing is needed to build the home, it is important to take into account the costs associated with the mortgage, as interest, commissions, and insurance.

Frequently Asked questions about how much does it cost to build a house