Jewish people who want to buy property in Israel and understand real estate
What is more expensive - to build yourself or to buy built?The answer of course is complex. Depending on what buyers are ready and depending on what you build.Let's start at several points to a deeper understanding.- If we take the price of the house & divid it in to Sqm and we reduce the cost of the land we can know how much they could invest in the construction. This would give us an assessment, of the developer's profit if we did not build ourselves.When you build a house you should build in round numbers, it is easy to calculate building materials, and easier to plan.
Square and rectangular houses with no strange angles are cheaper, any shape and any unusual change, means the design and materials costs more.It is important to prepare the site for construction, if your building on a flat surface, with no trees, no rocks, it is much cheaper than if it is necessary to align, remove dirt, before you start blasting, site preparation can be very expensive and add to the cost.Final cost is normally at least 10 percent more expensive of what we thought it would be originally. Why? unpredictable, flooding, changes, desires change throughout construction.Price of money: inflation each year of building up's the price by several percent per year. If we have several years until the construction starts we should take this into account and compare your home to prices of old houses.It is important to build a budget, why? Because then you can decide in advance on what you should give-up and about what that fits you now and wont fit you later. Building by your self is all about the planning that is made for you.So what's the advantage to building yourself? First match, the choice of materials, your favorite directions, depending on the design and finally the investment budget is what suits mostly to the things that are most important to you.To build a two-story building is cheaper then one big floor, even if the meters are the same, why? smaller piping distance, for example the toilets and the pipes are usually one above the other and Smaller roof size.
Of course cheaper villas tower. Once replicating idea, saving design, you get a better price for
Amount of material, and the price per meter decreases.
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