Newbie question...
We are going ahead with applying for approval to build four townhouses. It involves reconfiguring two blocks into three and building four townhouses in the newly created middle block.
Can those who have done similar things please help me by throwing any figures at me?
I know I am up for the following costs, but don't really have a handle on what the costs or even the types of things I would need "manage" before and/or during the build.
I know we need to work out how we will hold these townhouses, which names and/or trusts etc to use, and will look at this separately.
I guess I'm looking for a "building townhouses for dummies" type of answer.
Things I can think of that are going to cost money (how much)-
Cost to reconfigure the block
Town planner (I believe this will be about $10K)
Certifier
Designer
BCC headworks (what is included in this?)
Someone mentioned there is something like a $19K cost (is this a BCC cost and is it the same as headworks, or another charge altogether?) for a two bedroom townhouse and it jumps to $27K for a three bedroom (figures are not correct, but you get the idea). I asked if we can call the third bedroom a "study" and pay the lower fee was told this could be tried, but need to be careful with this.
These are things I can think of immediately that I am clueless as to the cost -
. Getting electricity to the new block for the actual build (and can I offer to pay the electricity for one of the existing tenants in order to be able to use their power for the build - especially if waiting for a new hook up will mean delays)
. Electric hook up for the new townhouses once completed
. Getting sewer hooked up for the new townhouses
. Driveway from the street to the new townhouses
. Cost to install new cutover for the new driveway
. Landscaping required by BCC
The actual build will be quoted by builders, but it seems I need to project manage "all the rest" or pay someone. I just don't know exactly what "all the rest" entails.
The builder we like and who has been quite helpful told me that a 4x2 lowest would cost about $250K and to go to a second storey house we would be closer to $300K. This was when we were talking a stand alone house. I'm guessing a two storey townhouse would be $250K (smaller than a stand alone house). Does this sound about right, so two townhouses build cost could be about $500K (depending on level of finish)?
Regarding project managing the total job, the builder suggested we wait until we get approval (fingers crossed), read the requirements thoroughly as they will tell me what needs to be done and when. He said if we have time (we do) we could project manage this, but I've also heard people say hiring a project manager costs money, but can save more than the cost of using one. Thoughts?
I'm wondering if we are better to hire a project manager to lessen any stress. The builder we would like to use said he could take this role on as well as the role of builder (for a fee), but would prefer not to. He does his own developments, so he understands what needs doing.
What are the benefits of hiring a project manager. I have project managed many renovations, but I know what I'm doing with them. I've never built from scratch before.
Sorry for the long thread, but this is now getting close enough that I need to stop procrastinating, do my homework, and get some answers
We are going ahead with applying for approval to build four townhouses. It involves reconfiguring two blocks into three and building four townhouses in the newly created middle block.
Can those who have done similar things please help me by throwing any figures at me?
I know I am up for the following costs, but don't really have a handle on what the costs or even the types of things I would need "manage" before and/or during the build.
I know we need to work out how we will hold these townhouses, which names and/or trusts etc to use, and will look at this separately.
I guess I'm looking for a "building townhouses for dummies" type of answer.
Things I can think of that are going to cost money (how much)-
Cost to reconfigure the block
Town planner (I believe this will be about $10K)
Certifier
Designer
BCC headworks (what is included in this?)
Someone mentioned there is something like a $19K cost (is this a BCC cost and is it the same as headworks, or another charge altogether?) for a two bedroom townhouse and it jumps to $27K for a three bedroom (figures are not correct, but you get the idea). I asked if we can call the third bedroom a "study" and pay the lower fee was told this could be tried, but need to be careful with this.
These are things I can think of immediately that I am clueless as to the cost -
. Getting electricity to the new block for the actual build (and can I offer to pay the electricity for one of the existing tenants in order to be able to use their power for the build - especially if waiting for a new hook up will mean delays)
. Electric hook up for the new townhouses once completed
. Getting sewer hooked up for the new townhouses
. Driveway from the street to the new townhouses
. Cost to install new cutover for the new driveway
. Landscaping required by BCC
The actual build will be quoted by builders, but it seems I need to project manage "all the rest" or pay someone. I just don't know exactly what "all the rest" entails.
The builder we like and who has been quite helpful told me that a 4x2 lowest would cost about $250K and to go to a second storey house we would be closer to $300K. This was when we were talking a stand alone house. I'm guessing a two storey townhouse would be $250K (smaller than a stand alone house). Does this sound about right, so two townhouses build cost could be about $500K (depending on level of finish)?
Regarding project managing the total job, the builder suggested we wait until we get approval (fingers crossed), read the requirements thoroughly as they will tell me what needs to be done and when. He said if we have time (we do) we could project manage this, but I've also heard people say hiring a project manager costs money, but can save more than the cost of using one. Thoughts?
I'm wondering if we are better to hire a project manager to lessen any stress. The builder we would like to use said he could take this role on as well as the role of builder (for a fee), but would prefer not to. He does his own developments, so he understands what needs doing.
What are the benefits of hiring a project manager. I have project managed many renovations, but I know what I'm doing with them. I've never built from scratch before.
Sorry for the long thread, but this is now getting close enough that I need to stop procrastinating, do my homework, and get some answers