How to Reduce the Cost of Constructing the House

These days, I am busy to separate my office from my living room in my house. Because this was the my first project when I am constructing my living room which will be different from my office in my same house. Before this, my living room and my office were same. All past constructions were done by my parents. So, this is first time when I bought and hired everything by myself. Like any other human person, I also did many mistakes. As good online teacher, it is my first duty to tell everything for reducing the cost of constructing the house. If you are also constructing the house, please read my tips also.

1. Make The Good Budget 

Before constructing the house, you need to calculate its estimated cost. In this cost, you include everything. It will be better, bring the expert of construction from labour chowk. Tell the space in which you have to make the house. Write the number of estimated bricks, number of cement bags, number of tiles, quantity of bajri, quantity of iron rods for lenter and quantity of sand. More correct estimation of quantity of house raw material, more your budget will become good. After multiplying the market value of each quantity, you can find the raw material cost. In this, you have to add labor cost and hire charges of shuttering materials. All estimated cost will be helpful to make good budget. If you want to make house cheap. First make its budget.

2. Risk Covering Reserve 

If you are constructing the house, you have also to take risk. This risk may happen due to stolen the shuttering material. Suppose, you or your laborer stole one piece of a plate of 4X2 foot, its cost is Rs. 2000. Who will pay this cost. It is your risk dear. So, make the risk covering reserve first. Otherwise, you will take loan to cover this cost. With this, your cost of constructing the house will increase.

3. Use Proper Cost Accounting 

If you want to know the cost accounting rules, you should record every cost when its happens in reality. Compare it with your budget. If it is more than your budget, it means there is adverse variance. This variance may happen due to increasing of material cost, due to increasing of labour cost, due to increasing of shuttering cost or other unexpected cost. Suppose, still you have made one part, you can use better cheap market for reducing this adverse variance for making other part of your house. For example, if your mistri is not good, he will take more time. Use him on daily basis, if he is not doing his duty honestly, leave him and appoint new mistri.

4. Never Compromise Quality with Cost

Better quality will reduce the long term cost of constructing the house. For example, if there is need of 4 dimensional net of iron rods in lenter, you should not ignore it. With this, your cost will increase but it will give better support to house. Suppose, if your house  falls down in future who will be responsible. So, never compromise your quality with cost.







access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: How to Reduce the Cost of Constructing the House
How to Reduce the Cost of Constructing the House
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock