Costs

sinnerboy

The question arises often . Here are some links on the subject

http://www.myhome.ie/residential/advice-centre/1021-1114-2379/self-build-estimating-your-building-costs.asp

http://www.scs.ie/home
( click on House Re Building Insurance Guide )


http://www.riai.ie/public/downloads/RIAI_cost_guidelines06.pdf

Some notes about the RIAI guide .

1. It is 3 years out of date . Deduct about 15% - see the next link for further details
2. Architects rates are based on turnkey - the house finished down to toilet roll holders + curtains hung - the building totally finished . This is an wholistic cost to be factored in if you need to borrow for more than simply paying the builder(s) . Often these rates are compared with "builders finish" rates which can exclude - kitchen , bathroom fittings . floor and wall finishes , decorations and landscaping .


http://www.scs.ie/press_submissions/press_releases/press_release_files_09/16-04-09-New-Surveyors-Guide.pdf

Also

http://www.bruceshaw.ie/industry_info/irish_contruction_costs/

sinnerboy

http://www.kmcs.ie/Keogh%20McConnell%20Spence%20Tender%20Price%20Bulletin.pdf


Tender costs are falling as construction costs are rising . Look for value of course . But ensure the contract is struck on a sustainable basis . You will want your builder to start .... and complete the works .

sinnerboy

It’s unwise to pay too much, but it’s worse to pay too little.

When you pay too much, you lose a little money, that’s all.
When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do.

The common law of business balance prohibits paying a little and getting a lot — it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that, you will have enough to pay for something better.”

John Ruskin (8 February 1819 – 20 January 1900)

fordefitz

sinnerboy wrote: »

It’s unwise to pay too much, but it’s worse to pay too little.

When you pay too much, you lose a little money, that’s all.
When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do.

The common law of business balance prohibits paying a little and getting a lot — it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that, you will have enough to pay for something better.”

John Ruskin (8 February 1819 – 20 January 1900)

true, I would urge anyone considering self build not to accept 'PC' sums or guesstimates in their quote. it's asking for trouble, you just don't know how much your price is going to change over the duration of the build. obviously they may not be highlighted as such but as the saying goes - buyer beware. get the builder to confirm that that is the exact price and get a DETAILED build spec. if your not sure, get a few quotes from different companies and see what's included. Be very wary of too cheap, you will not get the quality build that you need for your home, lets face it we're not building for profit we're building for ourselves and our families.