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Building costs
Hi everyone
I've got a couple of questions regarding the cost of building in east bali
we have looked at candidasa and amed areas and are trying to work out a ball park figure for building costs
what do you guys think would be a worst case best case an average price for a 2 or 3 bed brick and tile home fitted out comfortably [not over the top]
finished price
i know this is a very open question but just answer what you think for a middle of the rd type place would be if you can o
also if you know of anyone good to go with in the area
thanks in advance
Bakso
Re: Building costs
Check out my blog and soooo many listings here on the forum 8) Then we can talk.
Re: Building costs
I do read both the forum and your blog but neither answer the question i asked,
now can we talk :D
Re: Building costs
Hi Bakso,
When people ask questions like this - there is this saying "How long is a piece of string?"
Anyhow, in any real estate market, I suggest you can get a fair estimate of building costs by looking at recently built houses for sale and subtracting the cost of the land. I don't know East Bali that well so will use a North Bali example. Take a look at this one
http://www.lovinarealestate.com/shop...=detail&id=240
It's a recently built 2 bedroom and 2 bathroom home with western fittings - on a small block of land (3.2 are) a few hundred metres back from the beach.
Let's guess the land price at about Rp30,000,000 per are so close to Rp100,000,000 for the block.
This suggests a building cost of around Rp800,000,000 - this includes items like kitchen/bathroom fittings, fans, cupboards, etc so is not just the cost of a bare building.
As a comparison, in Kaliasem, Lovina, - a Health Centre is being built - the building is about the size of a 2-bedroom house, it is solidly built with a tile roof. The information board says the project cost is Rp267,000,000. I guess that's for the bare shell of the building plus boundary fence. This project is for the Kepala Desa of Kaliasem, and I think, funded by the Bali Provincial government. So if you started here and added western fittings for bathrooms etc - maybe you would end up close to Rp500,000,000.
So, as an answer to your question - is somewhere between Rp500,000,000 and Rp800,000,000 helpful?
Re: Building costs
As another comparison. The house I recently moved out of is up for sale at 450 million. 2 floors, 3 bedrooms, 2 bathrooms, western fittings.
I know its not building costs as you requested but implies you would be able to build similar for less.
http://www.mimpimanis.com/
Re: Building costs
too many variables open for discussion to give you a clear cut answer....Originally Posted by bakso
don't read between the lines..i think the words are clear enough...:)
Re: Building costs
Figure between 3 and 5 million per sq. mtr.
Land cost are anything between 30 and 180 million/are (10 x 10 sq. mtr.)
Re: Building costs
Thanks everyone this is basically what i was asking.
I know it's a very broad question but i only expected broad answers,our budget for land is 100 to 150 juta for anything from 3 to 5 are and that should be happening soon [or maybe soonish]
I suppose after that i will have to look alot further into build costs times etc etc so at the moment just reallytrying to get a feel for what i'm up for
Thanks again for your help everyone
Bakso
Re: Building costs
Maybe it would be better to discuss some of the variables that are going to influence the final price.
Some things like:
- local knowledge of cost of building materials/quality of materials
- building construction experience
- whether you manage it yourself or get someone else to do it
- cost of connecting electricity
Give a man a fish and he will eat for a day. Teach a man to fish and he will sit in a boat drinking beer all day.
Re: Building costs
the biggest difference in price will come from personal finishing, what I mean by that is for example using 'asia tile' or a better quality of ceramic floor finishing, choosing 'american standard' or 'toto', coconut wood or Bengkirai etcetc....
2/3 bedroom...do you want ensuite bathroom for each bedroom? do you want a western style kitchen, open kitchen annex diningroom? sizeratio bedroom versus livingroom? swimmingpool, terras, parking/garage? etcetc...these are just some of the variables I meant.
don't read between the lines..i think the words are clear enough...:)
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