Hello All,
Writing from up here in sunny Scotland. I am a relative novice in the building industry and have, due to a weird series of events, found myself in the position of project managing a new build development of houses in the Loch Lomond National Park.
In short, I started working for a computer-illiterate entrepreneur on one project, and he has decided to pick up this development he shelved because of COVID.
The site has live planning in perpetuity for 12 units across 5 house types: 8 detached and 4 semi-detached. The majority of the site is leveled correctly, but we estimate about 600 tonnes of soil needs to be removed from one section. Additionally, a large retaining wall and road need to be installed.
My main simple question comes down to the costing of core building works.
I understand that for a high-quality build, we should be looking at £1800-£2000 Sq M. Frankly, these numbers suggest the project is completely unviable as our top sale price is £550k for our premium units in our area.
Timber Kit quote's are coming in at around £400 sq M which includes insulation, windows, doors and roughing aspects. Their quotes for labour seem reasonable but we may end up using the same contractor for the whole project.
Is £1500-£1600 per square meter achievable to reach a fair standard in the present climate asuming a very basic internal finish in which we would hope to offer extras to customers who buy off plan?
Any advice, insights, or experiences you can share would be greatly appreciated!
