New Home Construction Expense Spreadsheet

Homes are generally defined as the place where people live with their families and share their emotions. 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 in different places along with their families.

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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. The presence of people and their shared love 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 to 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 the material required is very high and with improving technology its construction is much more expensive.

Construction Expense

The first and foremost thing while planning a home is the budget of construction. It explains the division of funds in broad terms for the project. Designing these budgets defines your spending limits and keeps you out of financial trouble during the execution of your plans.

Construction of a new home first requires you to provide an estimate of how much you want to spend. People often have great ideas about how they want their dream home to be. They will collect images 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 the construction expenses.

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.

The spreadsheet for the construction of new homes has the following important contents,

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

Preview

New Home Construction Expense Spreadsheet