Building costs. Jan 2023

obi604 · 09-01-2023 12:41am #1

I know, I know, it’s like how long is a piece of string. But in general is building a new one off house increasing or has it levelled out a bit.

i.e would one be mad to build now with how high the cost of everything is

galway county area as a reference.

Rows Grower · 09-01-2023 1:43am

I was half listening /driving in bad conditions earlier this evening and don't even know what station was on because I tend to flick stations when I need to concentrate more on driving but long story short some lad was giving the stats from some building cost report done recently. It's a wonder I didn't drive straight into a ditch trying to work out the profit margins but the average cost of a footpath in Ireland in 2022 was over 400 euro a square meter. Compared to the rest of Europe it was like at least 4 times the average price.

There's something very wrong with prices like this, if I was starting out now I'd be looking for a suitable house that maybe needs a bit of cosmetic modernisation but which will then sell for close to what it all cost in a few years time when things will have hopefully levelled out. If it takes 10 years what about it, it's still a stress free home. Looking at a field now as a future home would not appeal to me, prices are mental.

straight · 09-01-2023 9:24am

That house on room to improve last night was good value at 326k vs the rebuild values being quoted by SCSI.

enricoh · 09-01-2023 9:28am

Nearly the first time ever I thought someone got good value on room to improve!

obi604 · 09-01-2023 9:28am

https://www.boards.ie/discussion/comment/120084421#Comment_120084421

Yeah. They got a lot of work done for that price, but how realistic is it all.

obi604 · 09-01-2023 10:28am

https://www.boards.ie/discussion/comment/120084192#Comment_120084192

This country does my head in sometimes, why are we always more expensive for everything.

From what you are saying , looks like cost of building is still ridiculous

10-10-20 · 09-01-2023 10:29am

Wood is supposed to be up to 35% lower in the last month or so. Don't know if brick/block/cement and steel will follow as quickly.

(edit to say : up to 35% lower)

thomas 123 · 09-01-2023 10:31am

https://www.boards.ie/discussion/comment/120084557#Comment_120084557

Be music to my ears if wood came down that much. Any sources?

10-10-20 · 09-01-2023 10:33am

https://www.boards.ie/discussion/comment/120084566#Comment_120084566

Overheard in a builders' providers sales counter in Dublin.

thomas 123 · 09-01-2023 10:35am

https://www.boards.ie/discussion/comment/120084571#Comment_120084571

My fear with all of this , like everything in Ireland, once its up it wont come back down or will come down piecemeal over years.

crinkley · 09-01-2023 10:57am

The following was recommended to me for rough estimates

https://scsi.ie/consumer/build/calculator/

Would love to buy and save to build my dream home in 5-10 years but planning permission scuppers that so instead will bite the bullet this year and hope some prices fall

obi604 · 09-01-2023 11:02am

https://www.boards.ie/discussion/comment/120084557#Comment_120084557

if this as true, it would be brilliant, but just hear say I guess.

In general though, do people reckon the cost of building may come down a bit?

MacDanger · 09-01-2023 11:39am

https://www.boards.ie/discussion/2058278795/building-costs-jan-2023

We're almost ready to sign contracts and we're looking at ~1740/sqm for builders finish (i.e. no sanitary ware, no kitchen, no flooring) in Mayo

thomas 123 · 09-01-2023 12:13pm

https://www.boards.ie/discussion/comment/120084832#Comment_120084832

Could you share that quote with me/us or is it just ballpark?

MacDanger · 09-01-2023 12:36pm

https://www.boards.ie/discussion/comment/120084957#Comment_120084957

ICF, two storey plus a single storey

Donegal1234 · 09-01-2023 12:36pm

Currently building my house atm. Here are a few quotes I got. House is very modern and 2500 Sq ft.

foundations/ clear site - 30k

superstructure - 84k

roof - 28k

Electrical - 1st and 2nd fix - 14k

plumbing - A2W underfloor heating Pv panels - 41k

windows - 32k ( I have a lot of windows)

thomas 123 · 09-01-2023 12:43pm

https://www.boards.ie/discussion/comment/120085062#Comment_120085062

229 all in so far? That's amazing!

What is included the Superstructure figure? Blocks Cills, insulation?

I sent you a PM I am starting myself shortly!

MacDanger · 09-01-2023 12:47pm

https://www.boards.ie/discussion/comment/120085062#Comment_120085062

That's a lot less than us from what I can see; we're looking at (all ex VAT)

foundations/ clear site - 3044k

superstructure - 8480k

roof - 2861k

Electrical - 1st and 2nd fix - 1410k

plumbing - A2W underfloor heating ~~Pv panels~~ - 4132k

windows - 3227k

Donegal1234 · 09-01-2023 12:48pm

https://www.boards.ie/discussion/comment/120085094#Comment_120085094

84k includes everything for superstructure. Going with 150m insulation. I also have 3 corner windows.

Just waiting on quotes back from plasters.

Donegal1234 · 09-01-2023 12:49pm

https://www.boards.ie/discussion/comment/120085107#Comment_120085107

Some difference in roof price.

MacDanger · 09-01-2023 1:19pm

https://www.boards.ie/discussion/comment/120085200#Comment_120085200

I'm not sure what the price we'll end up paying will be but from Jan - Sep last year, the guy told me that it had gone up ~10%

MacDanger · 09-01-2023 1:54pm

https://www.boards.ie/discussion/comment/120085118#Comment_120085118

Yeah, massive difference - that price is for a pitched roof (~100m2), a flat section (~30) and a monopitch (~45). It includes insulation (ICF) and also the corrugated iron cladding

obi604 · 09-01-2023 2:02pm

So when all is said and done, and with costs being so high, is now a wrong time to start thinking about building?

or is there ever a right time

Donegal1234 · 09-01-2023 2:05pm

https://www.boards.ie/discussion/comment/120085406#Comment_120085406

My prices above are including VAT. Just confirming yours aren’t ?

Xidu · 09-01-2023 2:19pm

https://www.boards.ie/discussion/comment/120085062#Comment_120085062

Did u include windows and doors, heating and ventilation system. Tarmac drive way(maybe later), plastering, painting…etc

then to fill up the house w full kitchen, 2-3bathrooms…

Donegal1234 · 09-01-2023 2:26pm

https://www.boards.ie/discussion/comment/120085514#Comment_120085514

Only just finished ground floor. So only have quotes for above items.

bigslick · 09-01-2023 2:33pm

While not building a house, I am in the process of getting quotes for a renovation and modernisation of a 50's Dublin house. Some of the quotes are higher than the new build quotes in this thread!! Surely it cant be cheaper to tear a house down and rebuild than it can to renovate

crinkley · 09-01-2023 2:43pm

I looked into renovating and yes it was cheaper to start from scratch if I wanted the same level of sustainability

fliball123 · 09-01-2023 2:48pm

https://www.boards.ie/discussion/comment/120084557#Comment_120084557

All building costs are coming down and lumber (wood) is back down to pre pandemic prices. There is a lot of gouging going on but construction sector will be hitting straightened times with PWC predicting over 1000 companies going into liquidation this year and with construction being in contraction for 6 out of the last 7 months including 3 in a row up till December, the lads are going to have to re-adjust their headline figures and pass on savings and reduce their profit margin in order not to be in that 1000 companies hitting the wall

straight · 09-01-2023 2:49pm

https://www.boards.ie/discussion/comment/120085587#Comment_120085587

Ya, it's cheaper and also a way better finished product imo.

fliball123 · 09-01-2023 2:51pm

https://www.boards.ie/discussion/comment/120085200#Comment_120085200

Insulation dropped at the End of Nov / Start of Dec and I reckon it will continue to come down in 2023

Building costs. Jan 2023

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