Due to rising inflation and import taxes, the cost of building a villa 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 villa without giving away an arm and a leg in the process.

Project Range

Size

Cost

Low Cost

800 sq. ft. one bedroom

$ 444

Mid Cost

1000 sq. ft. two bedroom

$ 631

High Cost

1200 sq. ft. with luxury materials

$ 1,144

1. Land

The size of the land the house is built upon directly affects its overall value.

The most expensive land in Sri Lanka is located in Colombo, Kandy and Galle districts and can go for up to $100,992 per perch

The most affordable may only cost around $757 per perch.

 

Average Residential Land Prices in Sri Lanka by Region for January 2021

Region

Average Price 

Colombo

$ 26,861 Per perch

Western Province (apart from Colombo city)

$ 7,521 Per perch

Central Province

$ 2,554 Per perch

Southern Province

$ 2,388 Per perch

Eastern Province

$ 1,187 Per perch

Uva Province

$ 899 Per perch

North Central Province

$ 874 Per perch

Sabaragamuwa Province

$ 751 Per perch

Northern Province

$ 741 Per perch

North Western Province

$ 650 Per perch

 

2. Fundamental Design of the House

The basic design chosen for the house can also contribute to its overall cost.

Traditional box shape design with only the essential facilities

Cost around $ 10,078

More modern house with a complex design

Cost around $ 3,023

 

3. Professional Fees

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.

Cost Per Square Feet Basis

$ 0.1- $ 0.5 per sq ft

Cost Per Visit

$ 10 – $ 25 per visit

 

4. Materials Used

The basic materials used to construct the house will constitute a significant proportion of the overall cost of such a home.

 

Materials used for Wall

Material

Cost

Brick

$ 0.5 – $ 0.7

Cement block 

$ 0.15 – $ 0.2 

Sack of cement

$ 4.8

 

Materials used for Roof

Material

Cost

A roof tile

$ 0.18 – $ 0.5 

 

Materials used for Floor

Material

Cost

Tiles

 

Cement

 

Cement Cut

 

Marble

 

 

5. Other Costs

  • The cost of outbuildings, terraces, pergolas
  • The cost of the driveway, garden, entrance gates
  • Swimming pool Costs
  • Taxes, Licenses, insurance etc.

Every villa construction project is different due to the construction costs in your area and the materials you choose. This is a general breakdown of costs that gives you an idea of where your money goes during construction:

 

Cost Type

Percentage

Architect fees

10.5% to 15% of total costs

Structural engineer

$500 – $20,000

Contractor fees

25% of project costs

Foundation

9%

Floor structure

9%

Walls and exterior finish work

6% to 12%

Roof

10%

Windows and doors

5%

Interior finish

6% to 10%

Flooring

3% to 5%

Bathrooms

4%

Kitchens

8%

Electrical

10%

Plumbing

12%