I'm preparing the VAT claim paperwork and I've just completed my 'build cost' spread sheet. It looks like our build cost is just shy of £1,245 per m2. Not sure if that good or not?

This is probably of no use now,  as building materials purchase prices continue to spiral. 

 

Still to landscape the exterior and complete a large balcony, probably another £10k tops.

 

PS.  I've not had the place valued, so have no idea of the houses final market value. For us its our forever home.

That pretty good.  We are about £1500 m2, plus ground work and landscaping.  Which was a huge cost and puts out the total at about £2300 m2 all in, with a couple of invoices to come in

15 minutes ago, Triassic said:

I'm preparing the VAT claim paperwork and I've just completed my 'build cost' spread sheet. It looks like our build cost is just shy of £1,245 per m2. Not sure if that good or not?

This is probably of no use now,  as building materials purchase prices continue to spiral. 

That seems pretty good to me. I'm looking at the VAT just now although we don't have a lot as most was done by central contractor. We are at about £1,800m2 for everything, including fees, groundwork and landscaping but not the cost of the plot.

Very good prices indeed, we are at about £2200 but a large bungalow/high spec. 

Ha, never worked this out before but at a rough estimate ours worked out about £1,550 psm for a 240 sq m build including large workshop, landscaping but not plot! 👍

Edited September 21, 20224 yr by joe90

Including all professional fees, landscaping and balcony,  the total is £1,310  per m2.

 

Its probably worth saying, I've done the majority of the work myself, including pouring all the foundations. The only areas I've used contractors was, the supply and erection of the timber frame, fixing the 21 tonnes of natural slates on the roof, supplying and installing the triple glazed windows, the electrics and the floor tiling. oh, and the odd bit of internal feature brickwork.

As to getting the place valued having finished it, I am interested to know if it was all worth it, how did you all go about this? Just ring a local Estate Agent for a valuation?

12 minutes ago, Triassic said:

I am interested to know if it was all worth it, how did you all go about this? Just ring a local Estate Agent for a valuation?

Yes.

1 hour ago, joe90 said:

Yes.

Done, he's coming tomorrow. Then we'll know if we open a bottle of bubbly to celebrate, or cry into our cold tea!!

 

As as aside, the EA's office had nothing under £280k for sale and only about 14 properties for sale! They admitted, things have slowed to a snails pace due to the current economic uncertainties.

1 minute ago, Triassic said:

Done, he's coming tomorrow. Then we'll know if we open a bottle of bubbly to celebrate, or cry into our cold tea!!

However, even if you have not “made a profit “ you will have built what you want which would not be available on the open market. That’s the way I view my build, bespoke, warm, cheap to run (and my big workshop 👍).

1 hour ago, Triassic said:

Done, he's coming tomorrow. Then we'll know if we open a bottle of bubbly to celebrate, or cry into our cold tea!!

 

Interesting to find it was as simple as that. I have resisted making any contact with an EA to value ours, simply because I couldn't come up with a decent enough excuse, should they have asked why?

Did you have any resistance from them or did you imply you were looking to sell etc? 

 

The local EA manages a rent property for me, so are doing it to keep me a happy customer.

 

Their web site does say they provide Free, no obligation valuations! If your interested in the value, maybe just ask a local EA.

17 minutes ago, Redoctober said:

because I couldn't come up with a decent enough excuse, should they have asked why?

Tell them your “thinking? Of moving 🤷‍♂️

I’ll be very happy if I can get close to £1300 m2 

We just received our rates valuation today. It's not pretty, moving from 700sqft to 3k+ gross...

Difference between what you need and what you want.  What you want costs more.

The valuation is here.

 

Wow, it was worth all the hard work. He says he's been conservative in his valuation and on a good day it could be worth a lot more, particularly as the Stamp Duty move is in our favour

1 hour ago, Triassic said:

The valuation is here.

You forgot to tell us what the valuation was?   

19 minutes ago, ProDave said:

You forgot to tell us what the valuation was?   

And how it compares to sector inflation in the local market.

anything less thank £2Km2 is a cheap DIY build.

 

well done!

how are prices now? are timber frames dropping any?

On 21/09/2022 at 13:34, Triassic said:

Including all professional fees, landscaping and balcony,  the total is £1,310  per m2.

 

Its probably worth saying, I've done the majority of the work myself, including pouring all the foundations. The only areas I've used contractors was, the supply and erection of the timber frame, fixing the 21 tonnes of natural slates on the roof, supplying and installing the triple glazed windows, the electrics and the floor tiling. oh, and the odd bit of internal feature brickwork.

did you find the foundations straight forward enough? what size of house any pics?

As a ballpark cost to build a house in the UK, you can expect to pay anything from £1,500 – £3,000 per m².
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That's a great £/m2 figure. We are coming to an end and will be just over £2000/m2 including professional fees and driveway/patios done. If we took the labour out it would come in at around £1550/m2. I've only done the decorating and project managing myself.