Building costs. Jan 2023

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

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)

Overheard in a builders' providers sales counter in Dublin.

The following was recommended to me for rough estimates

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

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

ICF, two storey plus a single storey

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!

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%

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

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

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

Wait another 6 months. construction has slowed right down and with a recession and job losses/companies hitting the wall ramping up, the current prices are unaffordable for the vast majority of the population.

What have been peoples engineer/architect costs?

Yeah, single contractor

I know it goes without saying but you need to look beyond the local builder's provider when pricing - My two nearest were doing Knauf Earthwool 100mm, 13.89m^2 rolls for 90 and 93 EUR (inc VAT) in early December while another provider 15kms away was supplying the same for 63.99 (inc VAT). Those two providers now have the same rolls up for 73.22 while the further provider is now 52.45.

Insulated plasterboard appears to be down around 15% on last Oct/Nov too.

Who is the good value provider? Would be worth traveling for at those prices!

Probably does not exist - Building Proividers are price aware on common mateirals like Insulation/Timber etc.- I'd say he was talking nonsnese. Unless he can prove via quotes etc.

Its not just that there area a number of factors going into the prices such as the supply chain issues are slowly but surely getting sorted. Not to mention things like containers for carrying goods is down 80% since the peak. It is also due to demand falling off a cliff with people cancelling jobs due to the irrationally high costs that were being asked for. If the war in the Ukraine ended tomorrow with an amicable resolution construction raw materials would take a serious tumble downwards.

I checked into this a bit more and the roof figure above are slightly wrong. The correct figures (all ex VAT) are:

Superstructure incl. roof 80k

Internal partitions & plastering, external wall plastering & corrugated iron 43k

Roof covering (corrugated iron mostly) 18k

I had lumped those last two figures both in as the roof

Personally I think holding off and waiting for price decreases is a fools game. If you are ready to go and have financing in place then I would go ahead. Prices won't fall much if at all on materials in my opinion and labour is hard to see falling - everyone in PAYE jobs is looking for and getting pay increases due to cost of living etc I can't see trades people willing to take much of a pay cut.

Add to that where are you living in the mean time? Even paying 1000 in rent a month (which is low) that's 12k paid out in a year waiting - hard to see prices falling enough to off set that and they may be even higher in a year. Then there is family considerations, is it better to get your home done and moved into for your family at this time or drag things on a few more years. Even if paying nothing in rent and living with your folks you can't do it indefinitely or risk outstaying you welcome.

Overall my 2c would be start as soon as possible if you are ready to go aside from the hope of prices dropping.