COST OF BUILDING
We must categorically state that there really is no such thing as a standard building rate per square meter. Because no two structures are the same, no two building costs are the same. This does not just relate to the finishes in a building, as finishes on average only make up between 20 – 30% of the total building cost. Over the following pages, we demonstrate that design has a great influence on the cost of building, by taking two houses of different design and costing the project – the result shows two vastly different square meter rates, even though similar internal finishes have been specified. Below is a simple example showing four shapes, all 150m2 but with vastly different wall lengths.
It is obviously imperative to ensure that an accurate cost estimate is created before building commences. The more detailed a specification, the more accurate a cost estimate can be.