House
Call me crazy but I've been working for the past 18 hours on a template for the house I'd like to build when I have the money (and the land). Yes I know, I should be studying, but hey, everyone's gotta have a break SOMETIME right??? Although I'm not very good with layouts I think so far it's been quite good.
No, I did not nick it out of some real estate site, no, I didn't use any professional architectural software for the designing, and no, I didn't ask someone to help me do it. I used Adobe Photoshop, plain and simple, and drew each item manually using the line and polygon tools.
So YES. I'm proud of it and I won't be fucked if you're not.
I even measured out the lengths of all the doors, sinks, windows, room measurements, staircase, trees and decks to make sure that they were life-sized. I got a lot of the measurements from actual products, such as doors and sinks you'd be able to buy in Ikea (not that I'd buy Ikea if I could afford to build a house!).
I'm too free already hor?
I estimate the price to be an upwards of AU$1,500,000 in today's currency, not including stamp duty, garden design and appliances (which will, of course, be from SMEG).
Any takers? :)
Oh and there's no driveway because inner city Victorian style houses in Melbourne don't usually have driveways. There's no land for it anyway.
Labels: pictures
Fell from the sky at 12:12 AM
4 Comments:
cool. work out the square metre area of each floor and sqm x 0.1076 = squares, that real estate unit they advertise houses at.
to work out a rough price per square, do this:
garage/terrace area $10,000 per square.
habitable areas: high end $33k per square
medium end: $22000 per square
low end: $11k per square. Cost to build only, not land purchase.
90squares is the average mansion size including basement gf and ffloors.
oh and add about 15% for consultants fees (such as architect, engineer, landscape architect, quantity surveyor and building surveyor). and add about $5-10k for town planning and building permit fees. ;)
I've done the same thing in my spare time.
So that makes you pretty cool.
Ok according to your data and my calculations:
Habitable Area = 284.7m² (3064.808sqft)
Equivalent to 30.63372squares
Assuming a price of AU$30,000 per square,
Total cost to build habitable area= AU$919,011.60
Decks, patios and balcony = 88.44m² (951.960sqft)
Equivalent to 9.516144squares
Assuming a price of AU$10,000 per square,
Total cost to build decks, patios and balcony =AU$95,161.44
Total land area = 556.32m² (5988.79sqft)
Recent vacant land auctions in Camberwell, Hawthorn East and Balwyn priced land at an average of AU$1212.69 per m²
So if we assume the land is worth AU$1500 per m²,
Total cost of vacant land = AU$834,480 (almost as expensive as the house itself!)
Total cost of house + land = AU$1,848,653.04 (inc. stamp duty)
Add 15% consulting fees and AU$15,000 council fees = AU$2,140,951.00
That's the price in today's dollars.
This does not include appliances!
If I aim to own this property in 20 years, assuming a steady annual inflation rate of 5.00%,
Projected cost of house in 2027
= AU$5,680,580.38
Shit.
HOWEVER, if I didn't buy vacant land and opted for a run down piece of junk property worth say, $500,000, and then use a huge bulldozer to knock it into pieces to get the land then:
The total cost of house + land = AU$1,514,173.04 (inc stamp duty)
Add 15% consulting fees and AU$15,000 council fees = $1,756,299.00
Again, applying a steady annual inflation rate of 5.00%:
Projected cost of house in 2027
= AU$4,659,984.12
(a total saving of $1,020,596.25)
Hmmm
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