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Here’s how to save costs when home building

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Rising construction costs have made cost savings a top priority for those building and renovating their homes, and new processes are offered that are meant to help them do just that.

CoreLogic’s latest Cordell Construction Cost Index shows that the rate of increase in costs has accelerated again in the three months to October.

The cost of building a standard 200m² brick-and-tile house rose 3.4% nationally in the quarter. 2.6% increase over the last 3 monthsIt increased the annual growth rate to 9.6% from 7.7% in the previous quarter.

This contributes to Declining demand for new homesWhen Recession in demand for home renovation products project.

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However, there is a growing number of products on the market aimed at making home building projects more affordable.

One initiative comes from the design and construction company Box. The company recently launched Artis, an offshoot business focused on smaller homes and a simplified and more affordable design process.

Laura McLeod, design lead at Artis, said consumer affordability issues and rising construction costs are driving the new business.

The business wanted to offer the housing market options that allowed for beautiful, modern designs, but kept a close eye on budgets. Clever and efficient use of space and materials is one way she does that, she said.

An example of Artis

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An example of Artis “block” housing.

“We have taken important lessons from the Box experience to create compact homes, typically 30m² to 130m², that are accessible to more people.

“A streamlined process uses a series of ‘blocks’. Move blocks to create a floor plan and complete it by selecting interior and exterior fixtures. ”

Pre-considered design elements remove many of the difficult decisions while keeping people involved in fun decisions, saving time and money in design fees and the build itself, she says.

The house price guide starts at $250,000 for a 45m² studio and $600,000 for a 3 bedroom 110m² house.

Additional site labor costs may be incurred and building consent is included in the contract, while resource consent costs are added as they are site specific and often require expert input.

But by tackling smaller, standard details, an Artis build could take 10% to 50% less time than a typical architectural build, which takes nine to 12 months, McLeod said. increase.

“There is a strong market for small builds and we have seen interest from our clients in adding small units for children, everything from first-time buyers to couples downsizing.

“New Zealand is becoming increasingly cosmopolitan and diverse, and with that comes a natural cultural shift that makes people more open to different styles and sizes of life.”

To date, she says two Artis homes, both city infill projects, have been built, and five more are in the design phase.

Increased use of prefabricated house technology Products are another solution, with the government announcing new regulations in June to support prefabricated manufacturer schemes. It is expected to contribute to speeding up construction and reducing costs.

The use of prefabricated house technology and products is increasing.

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The use of prefabricated house technology and products is increasing.

Napier businessman Baden Rohl says five years ago he was frustrated by the “excessive” cost of building a house, which prompted him to consider importing prefabricated homes and materials from China. .

He currently has a building permit to meet NZ building codes but build steel framed homes using prefabricated materials imported from China. About 96% of the materials needed can be imported, he says.

“The cost of construction will be around $850/m² plus GST as opposed to around $3000 plus GST for conventional construction. That’s a big difference.

“In addition to materials, there are also cost savings from construction methods that reduce construction time. Instead of a 16-week build, it takes nine or ten weeks.”

He says this could reduce the cost of a typical New Zealand build by at least about 30%.

“Conventional construction here comes at a ridiculous cost, so people are turning to alternatives because they can’t afford them. Taking advantage is making the construction process cheaper and faster during times of economic uncertainty.”

With one house completed and another underway using Rawle’s imported materials, he’s now figuring out how best to proceed with the initiative.

Cost-cutting considerations are also influencing what new home remodelers and builders want when it comes to technology to improve their homes, new research shows.

In a survey of 153 people remodeling or building a new home for Schneider Electric’s PDL by research firm Perceptive, 92% of respondents said their home would be more sustainable if it saved them money in the long run. It turns out that we will invest more in the technology to make it possible. .

Three in ten respondents say sustainability is one of the most important factors, as they want to reduce both long-term costs and environmental impact.

Solar power and smart home technology, including electric timers, smart power outlets, lighting and motion sensors for energy management and monitoring, were the most popular features to consider.

Rob Knight, residential electrical design consultant at PDL, says improving energy efficiency is the top reason for adopting smart home technology, with 21% of remodelers opting for it.

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