All Topics / Value Adding / Owner/Builder

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  • Profile photo of MTRMTR
    Participant
    @marisa
    Join Date: 2004
    Post Count: 663
    November 7, 2006 - 5:53 am

    Hi all

    Can anyone give me some advice or have any experience regarding becoming an Owner/Builder.

    I am currently looking at this, firstly I think I would enjoy being involved and in control of my own project, and most importantly I want to save money.

    Does anyone know whether it is a fact that you could save somewhere between 10-20% in building costs.

    I am also considering attending a workshop, and would not go into this blind.

    I would be interested to hear from people who have been involved in this – good or bad

    Thanx, Marisa

    (Hard work never killed anyone, buy hey why take a chance)

    Profile photo of Nathan HouareauNathan Houareau
    Participant
    @the-general
    Join Date: 2006
    Post Count: 107
    November 7, 2006 - 6:36 am

    Hey,

    Nice one-liner at the bottom.
    Fantastic.

    Nathan Houareau
    Email Me | Phone Me

    Profile photo of kpkp
    Member
    @kp
    Join Date: 2004
    Post Count: 509
    November 7, 2006 - 8:21 am

    Hi marisa,
    Have you considered doing it ‘cost plus’ ??

    I have heard of a few builders in Perth who operate exclusively this way.
    Pretty much they seem to be cost plus 15% but that would depend on what you negotiate.

    We were offered this on some Qld development, and the builder indicated that he felt we would save 15% doing it this way compared to a fixed price contract, ( but the margin he was offering was a bit lower than 15% )

    Alternatively, if you visit the Builders Registration Board website for WA, I think they have some info for owner builders.

    Hardest thing would be organising your trades in Perth, but if you already have a list of tradies then you’ll probably be OK.

    I would imagine you would save at least 20% going owner build.

    kp

    Profile photo of MTRMTR
    Participant
    @marisa
    Join Date: 2004
    Post Count: 663
    November 7, 2006 - 9:12 am

    Hi kp
    Thanks for that information/tip, still doing all the homework, I have at least 12 months before things really start happening.

    I plan to get an architect to design so not sure whether this would be something that builders would look at in Perth, especially in current climate. But this is worth a shot, I will investigate.

    Also some good news I had 2 valuers look at Singleton, one came in at $520,000 and the other at $530,000. My own valuer came in at $530,000.

    Hi Nathan D

    Thanx.
    Famous Rock star came out with this one on the radio, and also just loved it.

    (Hard work never killed anyone, buy hey why take a chance)

    Profile photo of kpkp
    Member
    @kp
    Join Date: 2004
    Post Count: 509
    November 7, 2006 - 10:13 am

    Awesome result for Singleton !!

    I was banking on $495k

    I have a valuer ( HTW) doing mine this week, hope he doesn’t knock it down too low because they are not quite completed…
    CURSE those slow builders !!!!!

    kp

Viewing 5 posts - 1 through 5 (of 5 total)

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