News
Home build costs hit a new high
Tuesday 23rd of August 2005
Marlborough builders cite a 25 percent increase in the cost of building a house in the last two years, due to an increase in the cost of labour and materials.
But some paying the bills suggest the increase is even higher, with one Marlborough woman saying the cost of her house had gone up $10,000 between quote and action.
"They told us at the time building prices were going up about $12,000 every six months," said Nicky Meadowcroft, who is currently having her 148 metre square Renwick home built.
She and her husband have had to downscale their plans to deal with the increasing costs.
"We had to resubmit and scale down the plans," said Shane Meadowcroft. "We just took a little bit off the whole house, around the perimeter."
He intends to cut back costs by putting the roof on himself and a friend has offered to complete the stopping on the house.
Blenheim builder Andrew Lawson said, "Costs have definitely gone up. Obviously with the building boom people have slipped their rates up.
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But some paying the bills suggest the increase is even higher, with one Marlborough woman saying the cost of her house had gone up $10,000 between quote and action.
"They told us at the time building prices were going up about $12,000 every six months," said Nicky Meadowcroft, who is currently having her 148 metre square Renwick home built.
She and her husband have had to downscale their plans to deal with the increasing costs.
"We had to resubmit and scale down the plans," said Shane Meadowcroft. "We just took a little bit off the whole house, around the perimeter."
He intends to cut back costs by putting the roof on himself and a friend has offered to complete the stopping on the house.
Blenheim builder Andrew Lawson said, "Costs have definitely gone up. Obviously with the building boom people have slipped their rates up.
Read More - Opens in a new window
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