Quote:
Originally Posted by Jodie
Great idea although in Jersey i think we pay more for the land than we actually do for the home.
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That is only too true.
A couple of years ago I put an ad in the JEP, offering two -bedroom houses at under £150,000.
My phone was red-hot for a few days.
The fact was, I had actually done the exercise,(materials,labour etc), and at that time could have constructed semi-detached, decent sized units if anyone could provide the sites with planning permission.
I would still have made a tidy profit.
At that time I was working on a project for a private developer who had paid a landowner £95,000 per plot, went on to pay £70,000 per unit for construction, (including roads ,drains, utility services,finishes).
The starting prices for these "Low priced, first time buyer units", was £225,000.
There were more than fifty units, and the project was completed in under 15 months.
"Do the math", (as they say).
Is anyone actually interested in helping first time buyers?