Property prices set to drop
01 May 2014, 06:44 PM
#92
Sheep mentality...
02 May 2014, 07:09 AM
#93
Scooby Regular
Im trying to say i cant really answer your question as i am a speculative builder and rely on the profit margin being the difference between land and build costs and whatever someone is willing to pay for the the house i have just built and then reinvest that money in another project.
the closest i get to having a client is my bank manager lol
As a contractor you have to be extra careful absolutley everything has been costed and make sure your margin is protected on any extras and alterations which are inevitable.
ground conditions for instance can vary greatly and foundations can be either 4 foot deep or 14 or worse !! its just a risk you take as a spec builder
As a contractor you have to cost every 6 inches at different rates the deeper it gets.
minor changes (in the opinion of the client) can throw up all sorts of exponentional problems involving different trades who are no longer available as they have moved onto another job stretching out
to give a fixed price to a client you have to basically think of every potential problem from weather to strike action.
I dont have nearly enough experience in contracting to give you an accurate answer sorry
the closest i get to having a client is my bank manager lol
As a contractor you have to be extra careful absolutley everything has been costed and make sure your margin is protected on any extras and alterations which are inevitable.
ground conditions for instance can vary greatly and foundations can be either 4 foot deep or 14 or worse !! its just a risk you take as a spec builder
As a contractor you have to cost every 6 inches at different rates the deeper it gets.
minor changes (in the opinion of the client) can throw up all sorts of exponentional problems involving different trades who are no longer available as they have moved onto another job stretching out
to give a fixed price to a client you have to basically think of every potential problem from weather to strike action.
I dont have nearly enough experience in contracting to give you an accurate answer sorry
Thanks Matt, makes sense now. I didn't initially sink in that you were a speculative builder.
May I ask another?
What sort of margin do you tend to work on? So if there was a plot of land with full pp for a house that could sell for say £500000 and your build costs were £100000, what's the most you would pay for the land?
02 May 2014, 10:35 AM
#94
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Thanks Matt, makes sense now. I didn't initially sink in that you were a speculative builder.
May I ask another?
What sort of margin do you tend to work on? So if there was a plot of land with full pp for a house that could sell for say £500000 and your build costs were £100000, what's the most you would pay for the land?
May I ask another?
What sort of margin do you tend to work on? So if there was a plot of land with full pp for a house that could sell for say £500000 and your build costs were £100000, what's the most you would pay for the land?
Mostly because that's what the open market would demand
02 May 2014, 10:38 AM
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02 May 2014, 10:39 AM
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02 May 2014, 11:17 AM
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You might be right, but then why are all the weapons that the state has to boost prices pressed 'Go'.
On Sky yesterday they reported that London was 20% year-on-year growth, the rest of the UK was 10%. That is an extraordinary set of figures. That small blonde woman on Sky (forget her name) who does the financial reports stated - as part of a question to a Nationwide economist - that "It's a bubble isn't it?". Back in the mid to late 00's (up until 2007/08) you would never have heard anyone voice such a heresy like that in the media. Bubbles end when everyone is conscious of them being bubbles.
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