New Home Construction Expense Spreadsheet

Homes are generally defined as the place where people live with their families and share their lives. This word and its meanings are quite simple but truly such a word goes beyond any solid description. It is an aspect completed with morals, values, and the foundation of nurturing. It doesn’t need to be a house or an apartment. It can be anything as most people say, “home is where the heart is”. For an artist, home is a studio whereas athletes define their gym as their home. It is different for every person because different people find comfort at different places along with their families.

What makes a House a Home?

A house without people living in it is no better than ruins. It’s unused and just standing empty and without any memories and shrieks of laughter or tears of joy. Presence of people and their shared love makes turns a house into a home. It provides security from the outer world and provides a sense of belonging and affection. Home is with a family, to be with your loved ones, to create memories that do not make any sense in the years to come and laugh over them whenever you are away from home.

Homes are very special as you spend a lifetime in it with your loved ones and share your precious moments. Therefore, building a new home for your family requires special attention and care. Everything in the new home needs to be perfect and functional. It requires a lot of time, effort and money to construct a new home from scratch.

Renovation of a place is easy but building a new place is very tedious work. At times, people spend their entire life savings to build a house for their family to live in. the cost of material required is very high and with improving technology its construction is much expensive.

Construction Expense

The first and foremost thing while planning a home is budget of construction. It explains the division of funds in broad terms for the project. Designing these budgets defines your spending limits and keep you out of financial troubles during the execution of your planes. Construction of a new home firstly requires you to provide an estimate about how much you want to spend. People often have great ideas about how they want their dream home to be. They will collect images and see other houses and ask the architect to build a dream house. A builder provides you the estimated cost of construction which is not something you can afford.  Therefore, the first step needs to be budgeting of the construction expenses.

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Construction Expense Spreadsheet

A construction expense spreadsheet uses formulas and formatting to estimate the cost of construction. Excel spreadsheet provides ease of budgeting but this process can be hectic if a proper template is not used as a guide.

Spreadsheet for construction of new homes have following important contents,

  • Site
  • Foundation
  • Basement & Garage Floor
  • Windows & Doors
  • Exterior Finish
  • Interior Finish
  • Painting & Decorating
  • HVAC
  • Electrical
  • Plumbing
  • Floor coverings
  • Roofing Material
  • Insulation

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New Home Construction Expense Spreadsheet

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