Cost to build a house?

donglemouse

typical "average" build cost for a residential house is between £50 to £100 per sqft depending on quality of finish and where you are in the uk (as cost for material, labour etc will vary)

michaels

Interesting - around here people are not moving so it feels like every other house is being extended and most builders seem pretty booked up - possibly tho their labourers are much cheaper so the builders are making a lot more margin?!

I'm being quoted between 900 and 1100 per sqm for 93 sqm 2 storey extension including tiling and plumbing.

kabayiri wrote: »

I'd suggest that build costs are currently a moving target, and those costs are coming down in my area.

I'm about to start a largeish extension (25 sq m). I had quotes last year for the finished build (10 months ago) and requotes recently.

The prices offered now were between 18% and 26% less.

In addition, a build manager has offered to manage the build as a different approach. His argument for saving me money is based on labour rates being almost half of what they were 3 years ago.

If this pattern is true elsewhere, I'd say material costs are up slightly and labour costs down noticeably.

Davesnave

Round my way, there's a builder who advertises that he'll knock together a 3 bed bungalow for £75k if you provide the land & lay on services. Might be a bit basic, but it's the sort of thing that used to be provided for farm workers, and may still be possible under Section 106 agreement.

kabayiri

michaels wrote: »

Interesting - around here people are not moving so it feels like every other house is being extended and most builders seem pretty booked up - possibly tho their labourers are much cheaper so the builders are making a lot more margin?!

I'm being quoted between 900 and 1100 per sqm for 93 sqm 2 storey extension including tiling and plumbing.

93 sqm you say?

Err, oops, strike out my use of the word 'largeish'

There was a lot of work going on 'round my way' over the last couple of years. It's only very recently that it's gone quiet.

Very difficult to generalise though, isn't it. I suspect London build costs will be significantly higher. People have more money to spend down there.

PasturesNew

Where I live, in the peak, it was cheaper to bring in builders from 200-300 miles away and put them up in a B&B in the week. Local builders were all chasing London money and £1million new build flats money. They weren't interested in people who had houses with work that needed doing; quotes were sky high as they were used to mucking in with posh builds.

silvercar

The old addage was one third land, one third build and one third profit.

Pennywise

You also have to factor in the economic climate. At the height of the boom, everything was more expensive, wages higher, profits higher, but in a recession, you should get everything cheaper as there should be a surplus of workers and the shops/merchants will be keener to sell stock etc just to cover costs and keep heads above water.

michaels

93 sqm is phase 1, phase 2 will be another 40...

Nothing is selling round here tho so extending is the only way to go you want more space.

kabayiri wrote: »

93 sqm you say?

Err, oops, strike out my use of the word 'largeish'

There was a lot of work going on 'round my way' over the last couple of years. It's only very recently that it's gone quiet.

Very difficult to generalise though, isn't it. I suspect London build costs will be significantly higher. People have more money to spend down there.

vivatifosi

michaels wrote: »

93 sqm is phase 1, phase 2 will be another 40...

Your phase 1 extension is bigger than my current house. Your phase 2 extension is bigger than my old house:o. To quote my Dad when I asked him for some ideas for your project "that's a bl**dy big extension".

Mary_Hartnell

silvercar wrote: »

The old addage was one third land, one third build and one third profit.

Or if you were a 1970's self-builder on third land one third labour one third materials.

Now the wealth of technology, couples where both work and the transient wealth of North Sea Oil, has been capitalised into land values.

Creating a new class of millionaires, defined as someone who inherited a house inside the M25 and simply lived in it for a generation.

There is nothing new about the realisation that those who are wealthy, by having monopolised the use of a "God" given asset land, could be taxed on their unearned wealth.
There would be nothing they could do about it.
The tax would have no nasty effects as it cannot be passed on and it cannot be evaded.

http://en.wikipedia.org/wiki/Georgism

Are these ideas likely to happen more than a century since their peak of popularity, now that the government seems to need to confiscate half a country's annual wealth in the form of taxation?

Not very likely, in fact the European Union spends a major part of its budget subsidising land ownership with an annual stipend of say 50 GBP per acre.

It is called the common agricultural policy and has been capitalised into land values - just compare land prices in two similar sized off shore islands: Ireland & Tasmania.