What is the…

Hi again [] Your probably right but 16 sqm is 4m x 4m about the size of my bathroom, i was thinking more in the range of 80 sqm ? [?]

I thought I was wrong once, but I was mistaken !

Ask V.O. he’s building 1000 or more in country area

Warm Regards

ChanDollars
[Keep going, you’re nearly reach the end of financial freedom]

also depends what type of house youre putting up! A 2 storey will be more expensive, and what construction the house will be (ie brick n tile or cardboard etc etc)

hehe

[8D]

This is not something that can be answered as a rule. It depends on what State, building type etc etc. The cost on the Gold Coast would be way different to the cost in Brisbane and the cost in the country could be more or less depending on trades costs which can be higher due to availability. Travel, accomodation and materials transport may need to be factored in.

A friend of mine, bought two properties side by side to do a development up the coast, with zoning for 8 units. Excellent fitouts etc in each unit (dont know why really, but they say its a selling point) upper storey units to sell for the higher price as we all would figure.

Fully financed etc, they ran into problems laying foundations, then xmas took over and new year, some rain, budget has been blown out. However they envisaged once untis were sold that they would clear over 1 million. Not sure how this is panning out, but there have been some incredible hidden things, not least councils.

I was told $1000 recently for pricing BASIC.

cheers

Elves

I only just now discovered this post.
This is going to be a long post guys.

Firstly, a house is often described as being (say) 10 squares.

One ‘Square’ (or Building Square) represents an area of 100 square feet.

So if someone talks about a 10 square house that person is talking about a house which is 1,000 square feet (i.e. 10 X 100 square feet).

A 9 square house is therefore the same as a house of 900 square feet. And so on.

To know what a 9 square house represents in square metres all we need to do is divide the number of square feet by 10.89.

Now to calculate it in our head we can use a rough rule of thumb by just dividing the number of square feet by 11 and we will get an answer which is close enough for our purposes.

So, to sum it up : A 8 square house is actually a 800 square feet house (8 X 100 square feet). To get an approximate idea what it is in square metres we divide the 800 by 11 and we get 72.7 square metres.

Not quite correct as the exact answer would really be 73.46 square metres. However, our earlier answer of 72.7 square metres is a reasonably close enough answer.

Mel said : “I think Actube is talking about ‘squares’ and Risky is talking about square metres. So a 16 square house is as rugbyfan wrote, probably around 170 square metres.”

So, to use the example which Mel gave : a 16 square house = 1,600 square feet and by dividing that number by 10.89 we arrive at 147 square metres, not 170 square metres !!

Celivia mentioned that we can use the NRMA website to calculate the building costs.

Be careful as it is impossible to REALLY know what the cost of building is until such time as one gets several firm quotes.

Even then it is a good idea to get many quotes . Why ?

Well, I’ll give a good example why : One project I was involved in I obtained about 18 quotes. Some of the prices I received were (approximately ) as follows : $ 270K , $ 335K, $ 540K

Quite a difference isn’t it. Why such a difference ? Well, sometimes a builder is busy and doesn’t bother to work it out properly so he just supplies a what he knows is a ludicrous quote.

He is basically hoping that the only other quotes (if any) also are silly prices. If he gets the job he will fit it in his busy schedule. If he misses out it doesn’t matter much as he is very busy anyway.

If one is just starting out and doesn’t know any better one may reason ‘To play safe I’ll get three quotes rather than one’ .

Now if one is unlucky and finishes up with three ridiculous quotes like say $ 460 K,
$ 480 K and $ 540 K we may reason ‘The $ 540K is obviously too high. The builder who quoted $ 460K is probably doing a sloppy job so I’ll go with the one in the middle, the
$ 480K quote.

All the while, if one had actually obtained a lot of quotes one may have finished up getting someone to build it for say $ 270K instead of $ 480K. Quite a difference isn’t it ?

Elves tells the story about some friends who ran into all kind of problems (problems in laying the foundations, holiday breaks, rain delays, council delays – the work doesn’t progress though the interest meter keeps ticking over).

Do builders/developers avoid such things ?

No of course, they too experience such mishaps but ……………….. they allow for it
in their costings. It is called ‘Contingencies’ i.e. a built in margin for unexpected problems and events.

Adrianne, are you telling me that you can buy a block of land in North Queensland, suitable for 6 townhouses for a mere $ 80 K ?

Archizen sums it up very well when he said : “The construction cost ultimately depend on your location and how busy builders are in that area (being in demand = greater profit margin)”.

He also says : “Rawlinson is a great source for costing.”

Whatever publication one uses to get an idea of the building costs, keep in mind that the only way to get a valid idea of the construction cost is by obtaining actual quotes.

Pisces

Hi i’ve got a friend who gets houses built for him in the ballarat area for $650 per sq meter and he does the finishing painting etc. genearlly it will cost $800- 1000 depending on the quality of the fittings etc, obviously a large home with open living ares will be cheaper per sq than a town house with 2 bthroom and small living areas.

regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]

Ouch.

You can say that again Elves.

$ 250 K

How big was the house ?

How many quotes did you obtain ?

Pisces