What determines the cost of a house build
The main variables in an Irish house build budget are:
- Gross floor area and the shape and complexity of the design
- Ground conditions and the foundation type they require
- Whether services are available at the boundary or need long runs and connection agreements
- Specification level for windows, insulation, heating, ventilation and internal finishes
- Regional labour and subcontractor market conditions at the time you go to tender
- Professional fees, statutory fees, levies, VAT and contingency
Getting a reliable figure for your own project
Published averages are useful for early feasibility only. Once you have sketch drawings, a chartered quantity surveyor can prepare a cost plan for your specific design and location, and that cost plan can then be tested by competitive tender. The SCSI publishes periodic construction cost and tender price commentary, and the CSO publishes material price indices, both of which help you sense-check quotations and understand whether prices are moving.
Build a contingency into any budget. Even a well-designed project can meet unforeseen ground conditions, planning conditions with cost implications, or price movement between design and construction.