longtomsilver Posted August 12, 2012 Share Posted August 12, 2012 I'm struggling to cost up our very ordinary 3 bedroom semi using ballpark figures at retail prices. All guesstimates Labour £10,000 Materials Plumbing (including boiler, kitchen and bathroom) £6,000 Bricks £4,000 Windows/doors £4,000 Joinery/boarding £4,000 Electrics £3,000 Ancillaries £2,000 Total: £33,000 Have I missed anything or got it wildly wrong so why does the whole product sell for nearly five times that? Link to comment Share on other sites More sharing options...
JustYield Posted August 12, 2012 Share Posted August 12, 2012 Your time has clearly been well spent on this forum Tom. On the fixed asset side you've missed land, which is kept artificially scarce deliberately. Hence calls for land taxes as a progressive reform idea. Then you've missed the real value of a house which is shelter. Shelter has a present value, some crazy fools, like me, think should relate to the rent required to achieve said shelter. It's = it is. Link to comment Share on other sites More sharing options...
longtomsilver Posted August 12, 2012 Author Share Posted August 12, 2012 Thanks guys. I purposefully missed land as the price is subjective and weighted against perceived scarcity. Link to comment Share on other sites More sharing options...
Russe11 Posted August 12, 2012 Share Posted August 12, 2012 labour - only 10k? break that down can you? Link to comment Share on other sites More sharing options...
libspero Posted August 12, 2012 Share Posted August 12, 2012 No experience at all in this field at all but I'd also guess labour is a little low. Did you include roof tiles in that or are you including that under bricks and joinery? Also cost of installing utilities such as gas, elec, sewage, water etc if not already provided up to the plot? I would be surprised if you could build a house from scratch for much less than £50k unless perhaps if it's a flat or a terrace. Link to comment Share on other sites More sharing options...
SarahBell Posted August 12, 2012 Share Posted August 12, 2012 Long retired builder told me in 1958 he built a house for a couple of hundred quid. (all the body of it anyway, probably not including bathroom or kitchen) Bricks were £5 per thousand delivered now they're £1500 per thousand ex del. Link to comment Share on other sites More sharing options...
Russe11 Posted August 12, 2012 Share Posted August 12, 2012 Long retired builder told me in 1958 he built a house for a couple of hundred quid. (all the body of it anyway, probably not including bathroom or kitchen) Bricks were £5 per thousand delivered now they're £1500 per thousand ex del. now you have to build a house to that conforms to a lot higher standards, the two senarios are not like for like. £1.50 a brick sounds over the top, cheapest bricks are 25-30p, 50-60p more realistic. With skilled trades comming in at least £1000 a week, I don't see how 10 men build a house in a week, maybe put together a timber frame prefab construction. Link to comment Share on other sites More sharing options...
Bob Loblaw Posted August 12, 2012 Share Posted August 12, 2012 When does anything equal the sum of its parts? Or can I assume you give your time and experience for free and only charge for materials used? Link to comment Share on other sites More sharing options...
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