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Author Topic: To build or to buy, that is the question  (Read 5024 times)

Offline Johan01

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Re: To build or to buy, that is the question
« Reply #15 on: May 08, 2007, 05:29:59 pm »
I heard that a wooden house when well build is actually more comfy than a brick building. Cool in summer and warm in winter. Oh yes and all SAns always dream of this little cosy wooden shack up high in the Drakensberg with a fire place the wife and red wine. So in NZ you can have it all, everyday of your life.

Offline zatexnz

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Re: To build or to buy, that is the question
« Reply #16 on: May 08, 2007, 05:34:29 pm »
 ;D O0

oh hold on..... white wine for the wife thanks!
lekker sweet as, y'all
~ Colleen

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Re: To build or to buy, that is the question
« Reply #16 on: May 08, 2007, 05:34:29 pm »

Badprop

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Re: To build or to buy, that is the question
« Reply #17 on: May 08, 2007, 05:37:01 pm »
 O0

Offline Nolan

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Re: To build or to buy, that is the question
« Reply #18 on: May 08, 2007, 09:30:30 pm »
Badprop, to give you an idea of building costs in NZ - the latest Streetwise Home Buyer says :

"An average quality house will typically cost $1500 a square meter to build and the size of an average three bedroom, two bathroom house with double garage is 180-200 square meters."

So lets see $1500 * 200 = $300 000 plus cost of land and other expenses like the lawyers and surveryors, etc = not so cheap. According to the book, they say it is more expensive to build than buy  :confused:

I think it depends on how you build, a 5 bedroom, two bathroom, double garage with sitting room, dining room and lounge is going to cost $100 000 to build so that way it seems to be cheaper to build than buy. I have been looking around at the kitset houses since Happy mentioned them and I must say, many of them are lovely - not the wendy houses I was expecting  :D

Offline Happy Expat

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Re: To build or to buy, that is the question
« Reply #19 on: May 08, 2007, 10:02:14 pm »


Badprop

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Re: To build or to buy, that is the question
« Reply #20 on: May 09, 2007, 06:19:36 am »
They are not bad at all.  The lay out of some of them leaves it open to building on later with not too much hassle.  There are some very reasonable land you look on trademe and put in an amount of 100 to 200 thousand.  Also on realestate they have some good looking land close to the beach.  I quite like the idea of buying land first and building as money comes in. 

We young ones always want the quick and easy way out, but my folks did the building thing as they had money and they had some lovely houses in the end.  So it is an option we will keep open.


Badprop

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Re: To build or to buy, that is the question
« Reply #21 on: May 09, 2007, 06:23:05 am »
Why do some places have a single angle roof to one side?  Any specific reason for that?

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Re: To build or to buy, that is the question
« Reply #21 on: May 09, 2007, 06:23:05 am »

Offline Happy Expat

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Re: To build or to buy, that is the question
« Reply #22 on: May 09, 2007, 06:43:57 am »
Nope, except maybe the people that rely on water tanks for water ;)


Offline rodz

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Re: To build or to buy, that is the question
« Reply #23 on: May 09, 2007, 06:53:20 am »
Nope, except maybe the people that rely on water tanks for water ;)
Can we drink water straight from the tap?
German Engineering At Its Best-BMW

Offline Happy Expat

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Re: To build or to buy, that is the question
« Reply #24 on: May 09, 2007, 07:11:16 am »
Yip! O0


Offline MJ

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Re: To build or to buy, that is the question
« Reply #25 on: May 09, 2007, 10:39:59 am »
Estimated building costs
The Department of Building and Housing provides building costs to assist territorial authorities to arrive at realistic estimated values when they have questioned the job value provided with a building consent application.

This page features the latest figures and various building types by region, and explains how they are derived.

Costing information for a series of building types has been provided by Maltby and Partners Ltd, a firm of construction cost consultants. Maltby has priced from a set of authentic construction documents in order to establish a unit cost that is as accurate as possible.

Why estimate costs?
Form 2 of the Building (Forms) Regulations 2004, Application for Project Information Memorandum and/or Building Consent, requires that the estimated value, including GST, be provided for the building work for which the consent is being sought.

The application of a realistic cost per square metre for a range of common building types appears to be the soundest method of arriving at estimated building values. This approach can be used to establish the estimated cost where there is no better basis on which to base it, as is likely to occur where no quantity surveyor, or similar consultant, has been employed. Obviously, if a list or contract price is available, then this should be used as the cost of the proposed work.

Note: Territorial authorities should not insist that the Department of Building and Housing's estimated costs be applied unless there is compelling evidence to the contrary. If the owner has an actual contract price (or aggregate of prices) agreed with contractors independent of the owner, then that is the value to use.

Latest figures
These are the latest estimated building costs by building type, which include all necessary internal and external finishes to achieve compliance with the Building Code, all services and provision of standard appliances, and site works. Refer to the table below to work out an estimated value, or use our quick calculator.

 Building costs per metre ($/m2) including GST as at Jul 2006
Region Building type
  House*
145 m2 House*
202 m2 Light commercial
414 m2 Commercial
896 m2 Retirement home
394 m2
1 1601 1388 1149 1179 1874
2 1577 1372 1107 1147 1846
3 1595 1386 1121 1162 1863
4 1595 1384 1099 1147 1858
5 1581 1383 1110 1160 1846
6 1577 1376 1106 1152 1842
 

The costs for houses are provided for one-off speculative houses. These costs do not reflect the economies that may be gained by builders of group houses, or reflect the additional costs normally associated with architecturally designed houses. To differentiate, group houses have been assessed as being, on average, 21 percent cheaper than speculative houses, while architecturally designed houses are assessed as being 20 percent more expensive.

The cost of the speculative house can be used as a base cost on which to establish the cost of group and architecturally designed homes. For example, cost per square metre of small group houses in the Auckland region at July 2000:
= Auckland base cost less 21%
= $1,023 - [$1,023 x 21%]
= $1,023 - $215
= $808/m2

Disclaimer: The unit construction costs are built up from current commercial prices of materials and labour along with current allowances for contractors' overheads and margins. Pricing is based on a model building for the region and consequently allowances will need to be made where recognition is deemed necessary for particular and specific conditions. The rates per square metre of gross floor area for each building type include an allowance for GST that is applied as a percentage to the final calculated total. Unit construction costs are provided as a guide to territorial authorities in assessing building consent fees. They are not intended as a definitive cost for actual buildings and are not to be used for such a purpose.

Previous figures
Estimated building costs are updated every 6 months. To see how the costs have changed over recent years, see Estimated building costs: 1999-2006 [PDF 15 KB, 2 pages].

The tables in this document contain indices which can be used to establish the likely cost of a building compared with the actual cost of a similar building constructed at an earlier date. For example, if the actual cost of a large house in Auckland, completed in July 2000, was $995 per square metre, to establish the probable cost of that building as at July 2002, the calculation would be:


$995 x 1050 =1,089/m2

--------------------------------------------------------------------------------
 
  959   


Building descriptions
Click on a floorplan to open in a larger window.

House 145 m2
Single-storey house on a flat site including internal double garage, three bedrooms, open-plan kitchen, dining and lounge, bathroom, separate toilet, en-suite, and separate laundry. Constructed of reinforced concrete slab, timber-framed walls and prefabricated timber-trussed roof, brick veneer external cladding, aluminium external joinery, pre-finished steel roof, and plasterboard linings.



House 202 m2
Single-storey house on a flat site including internal double garage, four bedrooms, open-plan kitchen and family room, open-plan dining and lounge, bathroom, separate toilet, ensuite, separate dressing room, separate laundry. Constructed of reinforced concrete slab, timber-framed walls and prefabricated timber-trussed roof, brick veneer external cladding, aluminium external joinery, concrete tiled roof, plasterboard linings, and intruder alarm in addition to standard services.



Retirement home 394 m2
Single-storey building on a flat site, including 12 residential bedrooms with washbasins, separate sanitary facilities, dining and lounge, commercial kitchen and laundry, staff accommodation, and office. Constructed of reinforced concrete slab, timber-framed walls and prefabricated timber-trussed roof, external cladding of fibrecement with textured coating, aluminium external joinery, pre-finished steel roof, and plasterboard linings.

The tables and floor plans have not copied correctly- go to http://www.dbh.govt.nz/bofficials-estimated-building-costs#map1 to view this article properly
« Last Edit: May 09, 2007, 10:45:12 am by MJ »



Offline Nolan

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Re: To build or to buy, that is the question
« Reply #26 on: May 09, 2007, 10:50:19 am »
Hi MJ, thanks for that. Can you add the link to the site you got the info from please so that folks can go & check for themselves.

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Re: To build or to buy, that is the question
« Reply #26 on: May 09, 2007, 10:50:19 am »

Offline Happy Expat

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Re: To build or to buy, that is the question
« Reply #27 on: May 09, 2007, 11:31:49 am »
This may also be of interest to you guys, if there is a similar company up north ;)

 HERE


Offline MJ

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Re: To build or to buy, that is the question
« Reply #28 on: May 09, 2007, 12:32:18 pm »
Hi nolan
I did, it is at the end of the post.
I don't know how to do the HERE part  :help:



Offline Nolan

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Re: To build or to buy, that is the question
« Reply #29 on: May 09, 2007, 04:35:20 pm »
Thanks MJ, I have added an explanation of how to do the HERE thing HERE    :)