# Construction Costs

## Determine the Number of Units

Identify the total number of units you plan to develop, whether they are apartments, houses, or condominiums. This is the first step in estimating construction costs. 00:00

## Calculate the Average Built Area

Determine the average built area per unit, whether in square meters or square feet. This metric is crucial for calculating the construction cost per unit. 31

## Gather Construction Cost Estimates

Contact local construction sites or contractors to get ballpark figures for construction costs. This can be done per square meter/foot or as an overall estimate for the entire unit. 63

## Input Costs into Feasibility Tool

Input the number of units, average built area, and construction cost per square meter or unit into the One Minute Feaso tool to get a construction cost estimate. 223

## Consider Cost Variations

If you have more detailed information from similar projects or past experiences, use specific values for construction costs to refine your estimate. 322

## Adjust for GST

If GST applies to your construction project, ensure that it is included in the cost calculations. This is particularly relevant for commercial properties. 385