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Build A House In Sri Lanka? LMD

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Building your own house can be a real uphill battle here in Sri Lanka. Due to
rising inflation and import taxes, the cost of building a house has risen
significantly over the past few years. However, if you do your research right and
know where to look, then you can make your own home without giving away an Like Page
arm and a leg in the process.

Therefore, check out below for eight main factors, which can affect the overall
cost of constructing a house in Sri Lanka, as of 2018.

1. The location

Factors such as whether a property is located near a city or near a floodplain can
considerably affect its overall value. For example, the most expensive properties
in Sri Lanka are located in and around the Colombo city and a top grade luxury
house here can cost between Rs. 300-900 Million. Conversely, the most affordable LMD
about an hour ago
houses located in less urbanised areas can be as low as Rs. 2 Million, as of 2018.
Congratulations Sri Lanka!
2. The size of the land
1 Comment Sha
The size of the land the house is built upon directly effects its overall value. The
most expensive land in Sri Lanka is located in Colombo, Kandy and Galle districts
and can go for up to Rs. 20 Million per perch, while the most affordable may only
LMD
cost around Rs. 50,000 per perch, as of 2018.
4 hours ago

3. The size of the house AN UNPARALLELED END TO

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7/28/2019 How Much Money Need To Build A House In Sri Lanka | LMD

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lot of space to live.

4. The fundamental design of the house

The basic design chosen for the house can also contribute to its overall cost. For
example, a traditional box shape design with only the essential facilities may only
cost around Rs. 2 Million, while a more modern house with a complex design
could go as high as Rs. 600 Million, as of 2018.

5. Architect/ Engineer fee

The fee charged by the designer of the house will be added to the overall cost of
the home. In Sri Lanka, the “SLIA Recommended Professional Fees and Conditions
of Engagement” provides guidelines on the amounts that should be charged.
However, individual designers may charge varying amounts, depending on their
reputation and experience. This may typically fluctuate from 1% to 8% of the
overall cost of the home. Conversely, designers may also charge on a square feet
basis, with Rs. 20-100 per sq ft and around Rs. 2000-5000 per visit.

6. The type of materials used

The basic materials used to construct the house will constitute a significant
proportion of the overall cost of such a home. As of 2018, a brick can cost
between Rs. 10-15, a cement block Rs. 30-40, a roof tile Rs. 35-100, and a 50-
kilogram sack of cement Rs. 960. Do you support citizens’ movements
that
are calling for a new political
However, houses built using innovative materials, such as a studio unit made using Yes No
culture?
shipping containers may cost less, around Rs. 1 – 2 Million.
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7. The number of construction workers and the duration of the project
clean and visionary

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7/28/2019 How Much Money Need To Build A House In Sri Lanka | LMD

As of 2018, an unskilled construction worker can be paid around Rs. 50,000- leader
Yes will emerge
No at the next
60,000 per month, while a skilled worker can take in around Rs. 70,000-80,000. election?
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As a result, the number of construction workers involved and the duration of the
project can significantly affect the overall construction cost of a home.

8. Cost of basic furniture for a home

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No home is truly complete without the final touches. While this may include
things such as painting the home and installing light bulbs, we should also
remember that essential furniture and home appliances are also required in order
to call the construction project complete.

Such furniture items may include a sofa set (cost between Rs. 50,000-300,000),
chairs (Rs. 3000-10,000), tables (Rs. 20,000-90,000), cupboards, wardrobes (Rs.
15,000-180,000), beds (Rs. 15,000-200,000), etc…

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