Hi everyone
I'm planning to build a 3 bedroom unit behind an existing dwelling in Melbourne. Brick cladding, garage, ensuite, standard finishes. My calculations have come to $150k which includes plans, building permit but no subdivision as i'll be keeping both properties for now. I'll be doing my own cabinetry, painting , tiling and bathrooms.
Does this sound about right to you? I'm guessing i need to allow another $10k for a new drive way.
Thanks.
If the property is lowset then you can probably work on $1100 / square metre or so.
Driveways, landscaping etc will be extra but should be well within budget.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks Richard, so based on your calculations roughly around $125k to build a 12 sq unit. Obviously extra for driveways, etc. That’s pretty good to me.
Hi Joe
The figure Richard quoted is per square metre – not per square.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Another big factor in determining your costs will be your drainage design and stormwater requirements. These are dictated by the water authority and council. A good engineer will help you.
For the driveway (coloured) allow $65 per metre and a couple of grand for a new crossover if you need one.
Dont' forget to add landscaping, fencing and the cost to provide a car-space for the original dwelling (if it doesn't have one already).
Let us know how you go.
Oscar
For double storey stuff most of the figures I see are in the $1400-$1500 m2 range, at 20% extra for poured slab construction on the upper levels.
RPI | Certus Legal Group / PRO Town Planners
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Hi Jmsrachel,
BMT Tax Depreciation have a page on their website with estimates for construction costs….
http://www.bmtqs.com.au/construction-cost-table
Cheers,
Lauren
JacM wrote:Hi JoeThe figure Richard quoted is per square metre – not per square.
Hi Jacqui
I've actually converted Richard's square meter rate to squares. I hope i've done it right.
oc1 wrote:Another big factor in determining your costs will be your drainage design and stormwater requirements. These are dictated by the water authority and council. A good engineer will help you.For the driveway (coloured) allow $65 per metre and a couple of grand for a new crossover if you need one.
Dont' forget to add landscaping, fencing and the cost to provide a car-space for the original dwelling (if it doesn't have one already).
Let us know how you go.
Oscar
Hi Oscar,
That is a good point – a good engineer on your side will save you heaps. Would you recommend getting plans drawn up by an architect or draftsman? It is a basic unit and have been leaning towards a draftsmans but have been told an architect is better as they are more qualified and liable if something should go wrong.
RPI wrote:For double storey stuff most of the figures I see are in the $1400-$1500 m2 range, at 20% extra for poured slab construction on the upper levels.Hi Darryl, thanks for that. Would that price drop for a single storey?
LBH wrote:Hi Jmsrachel,BMT Tax Depreciation have a page on their website with estimates for construction costs….
http://www.bmtqs.com.au/construction-cost-table
Cheers,
Lauren
Hi Lauren,
Had a look at the website and found it very useful. Thanks for sharing.
jmsrachel wrote:I've actually converted Richard's square meter rate to squares. I hope i've done it right.Ah very good. Apologies Joe
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi Joe
With a project like this I would focus on finding someone that is competent to arrange your designs and follow through with your Town Planning application before you differentiate between an architect and draftsman. Both can do the job.
Cheers
Oscar
oc1 wrote:Hi JoeWith a project like this I would focus on finding someone that is competent to arrange your designs and follow through with your Town Planning application before you differentiate between an architect and draftsman. Both can do the job.
Cheers
Oscar
Oscar, this is exactly what i want! And also to tell me if it is feasible or not. Can you recommend any one in Melbourne. Property is in Western Suburbs.
Joe, PM me some of the details and ill take a look at it sometime next week.
Oscar
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