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Land & New Homes

Developer’s costs exposed …

Do you know the costs a developer has to meet to produce the homes we live in? 

Take a look:

  • Land
  • Interest on land costs over a long period
  • Design & Planning Fees
  • Legal fees
  • Section 106 costs
  • Site Labour costs
  • Labour overheads
  • Materials (at trade prices)
  • Site wastage/losses
  • Office overheads
  • Staff costs and overheads
  • General contractors insurance; Warranties; Trade Association levies
  • Sales Costs
  • Provision for bad debts
  • Interest in building finance
  • Corporation Tax/other revenue involvement
  • Return required on capital

That’s quite a list – are you surprised?

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About Heather Hilder-Darling

I write about things I have a passion for - property, business and life

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