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The primary factor determining costs in urban transformation is the quality of materials used. It is possible to implement modern architectural and design applications suitable for all tastes with various brands and models catering to different preferences regarding the building’s interior and exterior aesthetics. The quality standards of materials used in the construction and durability-related parts of the building are determined by regulations. Therefore, the essential components (e.g., iron, concrete, etc.) used in a building constructed under urban transformation must comply with legal specifications. Due to the dynamic nature of the construction industry, the prices of basic construction materials and labor costs fluctuate daily based on exchange rates. Prices of essential components may rise or fall depending on demand.

Different urban transformation companies may apply different pricing policies during the pricing phase. The key point here is the price differences that arise in the factors affecting costs. The methods applied to the building’s interior and exterior finishes after determining the materials to be used in the construction directly impact urban transformation costs. Therefore, those undergoing urban transformation should focus on the most realistic figures in the market rather than choosing the most economical figures when calculating costs. For Urban Transformation Costs, it is advisable to obtain price quotes from at least three construction companies, examine the details, and compare their experiences. Unfortunately, in the past, there have been cases where non-corporate construction companies were unable to complete projects due to incorrectly calculating rising costs, leaving many homeowners disadvantaged. To minimize the impact of cost increases in urban transformation, it is crucial to decide and start the process as soon as possible.