Simon’s Town Real Estate News

Is the Simon’s Town Building cost only R5 900 per m²?

The national average building cost is R4 883,91 and according to Industry Insight CEO Elsie Snyman the Western Cape’s building cost is R5 900 per m² (first quarter 2007).

But is this figure a true reflection for Simon’s Town’s building cost?

Building cost in the wider Cape Town can be anything between R7 500 and R10 000 per m², according to architect Danie Pienaar. After Danie received 27 tenders for three new projects during June 2007 he found that the average building costs for a normal new dwelling was R7 500 per m². Alterations to dwellings can be as much as R10 000 per m².

The lesson out of all the building- and house price indexes is that you should treat it with respect and ensure you consult with a specialist before you build your new home.

I believe these figures are great for people who already have homes and want to get an idea of the approximate replacement value.

Note: Replacement value is not an indication of what you can sell your home for. The willing buyer is the only judge.

Hope you have a great Simon’s Town day. I just saw a happy whale in the bay just in front of the harbour.

Johan Horak.
P.S. If you need Simon’s Town property advice call me today at 086 026 33 33
P.P.S. I rather turn you down today than let you down tomorrow.
P.P.P.S. If you cringe as much as I do at sloppy spelling please complain here at my central cringe pot. I apologise in advance and will correct it and try harder. If you like what I do please use the space below and tell me…..thanks

Tags: Building cost