Life Cycle Costing is a method of calculating the costs of a building over its entire lifetime. Sometimes called a 'cradle to grave' analysis, life cycle costing calculates costs like construction, utility bills, maintenance and end-of-life demolition.
Often in construction, decisions are made that favor short-term gain over long-term sustainability. For example, while it may be cheaper for a housing developer to build a house with single rather than double-glazed windows, this means the house will be less energy-efficient and the homeowner will be saddled with higher energy bills. Life Cycle Costing allows us to compare different buildings and make design decisions that favor long-term environmental benefits and long-term cost-savings.
At Make It Right we build houses from the best, most energy-efficient materials and systems. Sometimes this means we have to spend more to build a better, greener house. Using Life Cycle Costing, we compare our sustainable homes to conventional homes in order to determine how making smart choices in design and construction benefits the long-term costs for the life of the home.