All Topics / Value Adding / Owner/Builder
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)
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
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)
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
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