Tips to Reduce Cost of a New Building Construction


Last Updated on March 14, 2023 by Kravelv

Before we start building work, we should properly plan its layout and decide on the specifications for each major items of work so that the cost of the construction can be kept within the estimated value.

For economy, the type of foundation, superstructure, and roof that will be used for the building should be carefully selected in advance. These should not be overdesigned.

Specifications for finishes like types of flooring, painting, and plastering should be carefully drawn up to reduce cost. (For stucco and plastering tips you may visit for more information.)

The woodwork in doors, windows, ventilators, etc. is also a major item in the cost of buildings. Nowadays teak (which was extensively used in ordinary buildings in the past) is very costly. Alternate materials like chemically treated wood or the use of other materials like aluminum must be considered for reducing the total cost.

In short, advanced planning of each item is necessary for cost reduction.

Tips to Control Cost of a New Building Construction.

 Controlling the cost of construction of a building should be thought of from the planning stage itself. Using a project cost management software for this will be beneficial. The main methods used for controlling the cost are discussed further. The main methods used for controlling the cost are discussed further.

1. Planning and standards of accommodation.

Proper planning is essential to keeping construction costs under control. Take the time to develop a detailed construction plan that includes a realistic budget, project timeline, and scope of work. Consider using building information modeling (BIM) software to optimize your design and identify potential cost savings early in the process. Sizes of rooms, the height of the ceiling, and the number of windows and doors, sizes of rooms, etc. are important components in the cost of buildings. There should be only minimum areas for corridors, lobbies, etc. for the economy.

Attention to these components of a building in the planning stage can decrease the total cost of the building to a large extent.

2. Specifications of materials.

The specifications used for floors, woodwork, painting, etc. considerably affect the cost. For example, teak woodwork will be very much more expensive than other ordinary types of wood. You can do a quick online search for “wood near me in pa” or similar using your specific location, to find quality but affordable materials near you. 

Similarly, ordinary glazed tile or mosaic tile floors are cheaper than expensive marble or vitrified tile floors. Painting with expensive paints can also increase the cost of a building

3. Structural and foundation design.

 A well-designed building can help reduce construction costs by minimizing waste, maximizing energy efficiency, and reducing the need for costly modifications. Look for opportunities to simplify the design, such as using modular construction techniques or pre-fabricated components. Economic design of foundation and structural elements such as beams, and slabs can considerably decrease the cost of a building. Especially as the costs of cement and steel are nowadays very high, the design of the components of the building should always be carried out by a qualified engineer. This will not only reduce the cost but also ensure the safety of the building.

4. Administration.

The cost of supervision of work and payments will depend on the method of construction. Contractor’s profit nowadays, because of the taxes such as service tax, etc. must be more than 20 percent, whereas the cost of simple supervision by a qualified civil engineering company will cost only about 7 to 10 percent of the work.

5. Consider alternative financing options

Traditional financing options, such as bank loans, can be costly and time-consuming. Consider alternative financing options, such as crowdfunding, grants, or tax incentives, to help offset construction costs and reduce your financial risk. Additionally, consider using project management software to streamline communication and keep everyone on the same page throughout the project.

Hence, the method adopted for getting the building constructed is also important.

Various Steps in the Construction of a Residential Building.

 The following can be considered as the nine steps involved in the construction of a residence:

Step 1. The first step is a visit to the site by the owner and architect to evolve a suitable plan for the building which can satisfy the owner’s requirements. Investigation of foundation condition also must be made.

Step 2. The second step is to get an approval of the drawings from the competent authority.

Step 3. During this time, the structural drawings are made. Detailed estimation of works and adjustment of specifications to suit the budget are also done. Finalization of electrical and plumbing diagrams is also to be completed.

Step 4. Site preparation and construction of sheds, fences, etc. is the next step.

Step 5. Taking up and completing civil works is the fifth step. It should be preferably started just after the rains when ground conditions are ideal or started at least three months before the rains are due so that part of the civil works can be completed before the rains.

Step 6. Starting and completion of electrical works.

Step 7. Starting and completion of plumbing works.

Step 8. Construction of interior features like shelves and other carpentry works.

Step 9. Construction of boundary walls, fences, gates, etc.


To summarize, it is feasible to bring down the cost of constructing a new building by engaging in meticulous planning, making astute decisions on the materials to be used, developing an efficient layout, working with seasoned specialists, and exploring several other avenues of financing. By keeping these suggestions in mind, you can help guarantee that your construction project will be finished on time and without exceeding the allotted budget, while also meeting the quality and sustainability standards that you have set for it.

To keep expenses under control, remember that careful preparation is essential and that working with seasoned specialists may help you avoid making mistakes that might be very expensive. If you follow these guidelines, you will be able to get the most out of your construction budget, resulting in a successful project that not only satisfies your requirements but also far beyond your expectations.

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