Square Metre Building Costs 2024

Square Metre House Building Costs in 2024

R&B Building Services (Skipton) Ltd say building a house or extension is an exciting project, but navigating the world of construction costs can be daunting. One of the most common ways to estimate these costs is by using the concept of “square metre costs.” But what exactly does this mean, and how does it differ between single-storey and two-storey builds?

Understanding Square Metre Costs

Square metre costs represent the average cost of building per square metre of floor area. In the UK for 2024, this figure typically falls between £1,200 and £4,300 per square metre, depending on several factors we’ll explore below. It’s a handy rule of thumb for builders and homeowners to get a ballpark figure for a project. The average new build cost per square metre in the UK in 2024 sits around £2,387.50 [average building cost per square metre uk].

By multiplying the square footage of your planned building by the relevant square metre cost, you get a rough estimate of the total build cost. However, it’s important to remember this is a starting point, not a fixed price.

Square metre costs provide a general idea of how much it will cost to build your domestic project in the UK. It’s calculated by dividing the total build cost by the Gross Internal Floor Area (GIFA) – essentially, the total usable floor space.

For instance, if your project has a GIFA of 100 square metres and a total build cost of £200,000, the cost per square metre would be £200,000 / 100 sqm = £2,000 per sqm.

Beyond Square Metre Costs: Additional Factors

Remember, square metre costs are a starting point. Here are other crucial factors that can significantly impact your final price:

• Location: Building costs vary considerably across the UK. London and the South East tend to be more expensive than other regions.
• Building Materials: Opting for high-end materials like stone or marble will significantly increase costs compared to standard options like brick or plaster.
• Building Complexity: A simple, rectangular extension will be cheaper than one with complex angles, curves, or multiple rooflines.
• Finishes and Fixtures: Luxury fixtures, high-end appliances, and bespoke joinery will push the price tag up.

Getting a More Accurate Quote

For a more precise understanding of your project’s costs, consulting a qualified architect or builder, like R&B Building Services (Skipton) Ltd, is crucial. They can provide a tailored estimate based on your specific plans, chosen materials, and local building rates.

By understanding square metre costs and the additional factors at play, you can approach your domestic building project with a clearer financial picture. Remember, this is an investment, so plan carefully and get quotes from multiple builders before making any final decisions.