Cost per m2

[nod]

Much has been written about the cost per m2 

mans folk massaging figures 

We where due to take delivery today of the last of the landscaping materials Last big spend 

Which prompted my wife to go through the spread sheets and also with our vat claim being paid last Monday 

Get a final total of our spend

While Ive kept track I have always said about roughly Hope to 

Well everything has been accounted for All fees and right down to tubes of silicone 

The only thing admitted was the purchase of the plot 

She has even included the materials I haven’t yet used on the quite expensive drive £14000 

The grand total comes out at 812 per m2 If we had paid 10k for a kitchen instead of nearly double 

We would have dropped under the 800 

Labour has been the key to keeping the costs down Or lack of it  

[Ralph]

6 minutes ago, nod said:

The grand total comes out at 812 per m2 If we had paid 10k for a kitchen instead of nearly doubl

Great effort an well done. My mortgage would be much less sphincter twitching if I could get near £812. 

[ToughButterCup]

Gary, the work rate you and Deborah pump out is something you modestly gloss over.  How long did it take you - two full years - bit more?

OK, so you are a building professional - you have the networks. And access to mates who maybe owe you a favour.

Quote

[...] Or lack of it [...]

 

And that's important.

But you  both work full time for God's sake! 

[Construction Channel]

1 hour ago, nod said:

Labour has been the key to keeping the costs down Or lack of it  

 

Tell me about it. Iv had to pay labour recently for help with the plastering and it just disgusts me. 

[Conor]

We're budgeting £1k/m² but in reality I'm aiming for £750-£800/m². I think with the low quarry material costs and labour here in NI, and me working part time and being PM, this is achievable.

[the_r_sole]

.

Edited September 26, 2019 by the_r_sole

[nod]

1 hour ago, the_r_sole said:

Did you quantify the time input into it @nod? What kind of size/spec do you have?wow 

The hours 

Friday Saturday Sunday 12 hours each day 

From 4 till 7 Monday to Weds Thurs 4 till 10 ish 

Out on the road mon to thurs at 6am 

No holidays for two years

About a dozen days off including Christmas in two years 

The house spec BB K rendered BB  D Detached Garage k rend electric door 

Electric Gates 

430 mtrs of paving to the drive 

House 5 double beds with 3 bathrooms and dressing room to main bed 

All baths fully tiled with Italian porcelain Off the floor loos

All German fittings

Free standing baths

Look fantastic

Not my thing though

Gallery stairs   Oak 

Ground floor UFH 

165 m2 Italian wood slat Porcelain 

Woodturner

Sash window through out PC

Bi  folds French doors

Major cost  

Even with fitting myself 

Still cost £25000 

5 mtr square Orangery with roof Lenten

Three reception rooms including 12 mtr kitchen diner

Nolte kitchen with Wuarts worktops and 2.7 x 1400 island

All neff appliances

My one input was a quooker hot water tap

Expensive But well worth it

Ive fitted quite a few kitchens over the years

First time for a German kitchen

Fitting the German kitchen was so easy Even the kick boards where cut to size 

 

The sap score was 89

no solar panels or MVHR

Its a very warm house

But I do wish I’d of added MVHR If only for the summer months 

 

As I’ve said before labour rates in the building trade have gone through the roof 

so we did most things between myself and my wife to keep the cost down 

I couldn’t have done it without my wife

There are so many jobs that you can’t manage by yourself

 

As Ian has pointed out I’ve access to trades

I’d so many offers of help

But it became a bit of a pride thing

A close friend said you can’t do everything yourself

I thought watch me

 

 

[nod]

4 hours ago, AnonymousBosch said:

Gary, the work rate you and Deborah pump out is something you modestly gloss over.  How long did it take you - two full years - bit more?

OK, so you are a building professional - you have the networks. And access to mates who maybe owe you a favour.

 

And that's important.

But you  both work full time for God's sake! 

Thanks Ian it’s very kind of you to say that 

[nod]

3 hours ago, Construction Channel said:

 

Tell me about it. Iv had to pay labour recently for help with the plastering and it just disgusts me. 

Yeah but to be fare building wages had dropped about 30% after 2008 

So the last few years have been make hay while the sun shines 

[Thedreamer]

How many hours would you have been able to work on your normal day job, evening/weekends rather than doing the self build?

 

My thinking being that if I work overtime or weekends and paying somebody to do the work is £M2 accurate figure?

 

£812m2 is very impressive, especially with that spec listed. Well done @nod

 

I'm building 138m2 and with all costs including land expecting to come in at around £1,200-£1,300.

[nod]

4 minutes ago, Thedreamer said:

How many hours would you have been able to work on your normal day job, evening/weekends rather than doing the self build?

 

My thinking being that if I work overtime or weekends and paying somebody to do the work is £M2 accurate figure?

 

£812m2 is very impressive, especially with that spec listed. Well done @nod

 

I'm building 138m2 and with all costs including land expecting to come in at around £1,200-£1,300.

Thank you 

We had a nice life Money in the bank Rental properties 

A business that was doing ok

We needed a challenge 

I haven’t worked Fridays and weekends for years 

So would t have been earning those days 

But I get your point 

My wife kept saying we should of had a job at Aldi Stacking shelve doing so many hours 

 

I think the truth of it is that it became more of a mission 

 I enjoyed nearly every minute of it 

[nod]

20 minutes ago, Thedreamer said:

How many hours would you have been able to work on your normal day job, evening/weekends rather than doing the self build?

 

My thinking being that if I work overtime or weekends and paying somebody to do the work is £M2 accurate figure?

 

£812m2 is very impressive, especially with that spec listed. Well done @nod

 

I'm building 138m2 and with all costs including land expecting to come in at around £1,200-£1,300.

The land thing again 

I still think it should be separate from the building costs 

I’ve just the first fix joinery for a friend who mother has gifted him a large plot next to her  house

The only cost is that he pays the legal and gives his brother and sister 20 k each

If he includes the land in his m2 cost It will be quite misleading 

[Thedreamer]

7 minutes ago, nod said:

The land thing again 

I still think it should be separate from the building costs 

I’ve just the first fix joinery for a friend who mother has gifted him a large plot next to her  house

The only cost is that he pays the legal and gives his brother and sister 20 k each

If he includes the land in his m2 cost It will be quite misleading 

 

True in our case the land was rough family agricultural land so was obtained for a small fee, but work and money was required to make it into a plot. If buy a a nice straight serviced plot should these costs be factored in?

[Thedreamer]

19 minutes ago, nod said:

Thank you 

We had a nice life Money in the bank Rental properties 

A business that was doing ok

We needed a challenge 

I haven’t worked Fridays and weekends for years 

So would t have been earning those days 

But I get your point 

My wife kept saying we should of had a job at Aldi Stacking shelve doing so many hours 

 

I think the truth of it is that it became more of a mission 

 I enjoyed nearly every minute of it 

 

That's good you enjoyed the build.

 

I've enjoyed our build to date and I do feel proud in the jobs that I have done.

 

But I have worked a lot of overtime to keep the final mortgage for the self build to a minimum. Being 33, I'm less interested in £m2 and more in the level of debt to the value of house at the end.

 

We will be celebrating in November a decade since outline planning went in.

 

 

[nod]

13 minutes ago, Thedreamer said:

 

True in our case the land was rough family agricultural land so was obtained for a small fee, but work and money was required to make it into a plot. If buy a a nice straight serviced plot should these costs be factored in?

I wouldn’t factor anything in

I would keep the two separate 

I Think the cost per m2 mtr was originally introduced to give Newbies some ballpark figure of how much things may cost 

As most have already purchased or been gifted there plot by They time they arrive on the forum 

Now and then people come on with there first post being how much is a average plot 

Normally they are quickly answered 

How long is a piece of string 

At least with the cost per mtre a more detailed answer can be given 

 

[nod]

15 minutes ago, Thedreamer said:

 

That's good you enjoyed the build.

 

I've enjoyed our build to date and I do feel proud in the jobs that I have done.

 

But I have worked a lot of overtime to keep the final mortgage for the self build to a minimum. Being 33, I'm less interested in £m2 and more in the level of debt to the value of house at the end.

 

We will be celebrating in November a decade since outline planning went in.

 

 

I’m 57 and have also worked to put my self in a position to do this build 

We managed to stay in our home and finance the build out of what we where earning 

We also had one eye on the final value 

Total including land was £407000

Value of completed house Is 

£750000

No mortgage or loan 

 

[Thedreamer]

5 minutes ago, nod said:

I’m 57 and have also worked to put my self in a position to do this build 

We managed to stay in our home and finance the build out of what we where earning 

We also had one eye on the final value 

Total including land was £407000

Value of completed house Is 

£750000

No mortgage or loan 

 

 

That's an impressive return.

 

I think I'm looking at around £80,000 - £85,000 mortgage with the value at £230,000, must be great to be mortgage free.

 

I've never owned a house before and been living with my wife's family for five years.

[Onoff]

3 minutes ago, Thedreamer said:

 

That's an impressive return.

 

I think I'm looking at around £80,000 - £85,000 mortgage with the value at £230,000, must be great to be mortgage free.

 

I've never owned a house before and been living with my wife's family for five years.

 

I remember being mortgage free! Got three of the f***ers now. 

 

Wrong turns, roads not taken etc! ?

[nod]

4 minutes ago, Thedreamer said:

 

That's an impressive return.

 

I think I'm looking at around £80,000 - £85,000 mortgage with the value at £230,000, must be great to be mortgage free.

 

I've never owned a house before and been living with my wife's family for five years.

House worth 230 at 33 wow 

and fantastic Equity also 

I know I keep saying it 

Its all worth it in the end 

Everyone on here gets it 

But others may not 

I envy you I wish we had been in a position to do this at 33 You are lucky that your parents or in-laws Where able to help you 

We are now in a position to help our Children 

Great feeling 

 

[Thedreamer]

16 minutes ago, nod said:

House worth 230 at 33 wow 

and fantastic Equity also 

I know I keep saying it 

Its all worth it in the end 

Everyone on here gets it 

But others may not 

I envy you I wish we had been in a position to do this at 33 You are lucky that your parents or in-laws Where able to help you 

We are now in a position to help our Children 

Great feeling 

 

 

Yes, it will be worth it.

 

We actually invested all of our savings into converting a loft into a apartment six years ago, we went back to zero but have been rent free since 2013.

 

 The hardest bit has been seeing other people my age buy development homes on shared equity scheme etc whilst we have been playing the long game in saving and building.

[Thedreamer]

32 minutes ago, Onoff said:

 

I remember being mortgage free! Got three of the f***ers now. 

 

Wrong turns, roads not taken etc! ?

 

I'm at stage where I've had just one drawndown, but it felt like part of my soul was going away.

 

Hope to overpay as much as possible and be mortgage free by the time I'm in my late forties. 

[newhome]

11 hours ago, Thedreamer said:

 

Hope to overpay as much as possible and be mortgage free by the time I'm in my late forties. 

 

That was my strategy too. It’s amazing how quickly a mortgage repays if you start overpaying. I was mortgage free in my early 40s and then saved enough to do the self build from equity and savings so still mortgage free. 

[Jeremy Harris]

1 hour ago, newhome said:

 

That was my strategy too. It’s amazing how quickly a mortgage repays if you start overpaying. I was mortgage free in my early 40s and then saved enough to do the self build from equity and savings so still mortgage free. 

 

Exactly what I did.  When interest rates were very high, I got used to paying a lot each month.  As they reduced (from the ~14% or so they had been), I just maintained the same monthly payment, as I'd got used to it.  Knocked around 8 to 10 years off the repayment period for a 25 year mortgage and left me mortgage free long before I took early retirement.

[Miek]

I remember my first mortgage. The bank said you can borrow 50k but in 25 years you will have repaid 150k. Holy S*+t I thought. Every penny went into paying it off early.. 

[Temp]

Our first mortgage was £37,000 but nearly ruined us when interest rates peaked over 15% in the late 1980s. When rates came down we didn't reduce our repayments by the full amount to try and build up a safety margin.