Asked on 15th July, 2020
3 months ago
3 months ago
South-Africa, just like any other nation of the world, has a standard and strategic plan for its modern housing. The cost of owning a house in South Africa as of today is quite expensive. The average cost includes a drawing plan than sending it to the local municipality for approval. all can cost an average of 307,530 Rands.
for luxury homes, while environmentally friendly housing project/community would cost 153,765 rands Presently, building costs in South Africa are highly affordable, making the country one of the most desirable places for citizens to build their dream homes and investors to extend their commercial empires.
The price in owning a house in South Africa is calculated in square meters. As of January this year, (2020), a high-end market quality modern homes are a bit expensive and always on-demand at costs ranging between R8,000 and R13,000 for every square meter. Some South Africans construct at lower costs of about R5,000/m2 while other quality-oriented homeowners are willing to pay an excess of R20,000/m2. For those who want to buy a two-bedroom flat, it goes for R860,000 and above depending on the location, rural areas cheaper, urban areas in millions of rands.
Three (3) bedroom flat goes for R1, 390,500 and above also depending on the location.
The cost of building presently is far more than buying, the average cost of building a small 2-bedroom modern home in this current economy in South-Africa is about $93,000 to $155,000 ( R1, 447, 955.12 to R2, 413, 258.54) except you want to buy older buildings that are way cheaper.
To build a 3-bedroom house in most cities in South Africa today goes between $248,000 (R38, 61213.66) and $310,000 (R48, 26517.07), while the cost to build a 4-bedroom house is about $388,000 (R60, 409, 31.04) to $465,000 (R72, 397, 75.61).
Features of 3 Bedroom Flat: