CONSTRUCTION COSTS PER m²
Currently (September 2017) the average construction cost is R 7500 per m². Prices are adjusted every 4 months by our quantity surveyor. Each owner also pays for a screen wall as well as a mandatory NHBRC (National Home Builders Registration Council) state fee of 1.3% of the purchase price. Upon completion of the preliminary sketches and thorough requirements, a dated quotation will be submitted. A building contract containing the specifics of the property and building instructions and an exposition of the drawings is then drawn up for signing. The plans are now finalized and submitted to the owner for signing. Submission at the city council follows hereafter- approval takes about 4 weeks. A copy of the approved plan is then submitted to the NHBRC for registration, after which their inspectors carefully monitor the construction process. An NHBRC certificate is issued and is valid for 5 years. The guarantee only applies to construction errors. The costs relating to the drawing, submission and approval of the plans are included in the price of the property. If the owner chooses to submit the plans himself, a PK amount will apply.
The construction process takes approximately 6 to 8 months to complete. As the construction progresses, 6 payments are made at the different stages of the construction process.
1. Foundation height with slab.
2. Brickwork completed.
3. Roof completed.
4. Plaster and Ceilings.
6. Tiles and paint.
7. Final payment upon completion.
The owner is fully involved in the construction process from start to handover of completed property.