What Are My Building Costs Per Square Meter?

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By John Wrighty

A very common question asked by a new home buyer is “What will the building costs be per square metre?”

They are after a simple answer, sometimes known as a ‘ball park’ figure, even though there are quite complex calculations involved.

Naturally since one of the common ways to judge the size of a house is by the area it covers, it follows that new home buyers would ask what are the building costs per square metre.

Even though most building consultants and specialists prefer not to use the cost per square metre equation as a yardstick, the reality is it is very common.

The popularity of the Square Metre Cost Formula means that new home designers work themselves into a frazzle trying to come up with new home designs which present the best possible value “per square metre.”

This has resulted in peoples’ living spaces being reduced to basic commodities, while increasing the tensions between competing building companies.

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A lot of this competition means cheaper home prices, but also can lead to lower quality buildings and inclusions.

Building Costs per Square Metre, per Kilogram, or per Design feature?

Talking to a qualified and experienced consultant will make sure all the ramifications of just going for the cheaper price per metre are clear to the new home buyer.

It may be a cheap price per square reflects the fact that some of the basic inclusions have been left out; and a more expensive price per square metre might include all whitegoods for example.

It all hinges on what the outcome is that you are after.

What ARE the Building Costs Per Square Metre?

This question is best treated as a serious intention to find out accurate as possible pricing information with regard to how much a given house will cost.

Then they can understand how the various elements that make up a home affects the building costs per square metre.

This is better than reducing the whole question to a generalised standard cost of a bare bones house built to lock-up.

It is evident that house building costs are calculated by measuring the quantity and costs of the building materials used, plus the cost to assemble and install those materials, plus the costs to manage that process, plus the cost to obtain permits for that process, and finally to make money managing that process by using a simple calculation called the ‘margin’.

Sometimes margins are a percentage of the costs, sometimes they are a lump sum; but the idea behind operating a building business is to make money managing the building process.

So why Building Costs per Square Metre?

Even though it is well known within the building industry that costing per square metre is the fastest way to go broke, sales people do it, and builders follow to get the job.

Some of our more successful building companies do this; clearly they are not using building costs per square metre, as a rule of thumb, to calculate their selling prices.Having said that, if the square metre price is derived from sensible calculations, and then used as a ball park figure for the purpose of comparison between different designs for example, then there’s no harm done. Many successful building companies use square metre pricing in this way.Many successful home building firms use square metre pricing like this, and it is suitable if the square metre price has been derived from realistic calculations and then only used as a differentiation between various options.

If you have any doubts how much a about building costs per square meter you owe it to yourself and your family to contact someone like Joh Domingo at Building Buddy. He’ll save you a lot of heartache by showing you how to make clear decisions about building your new home.

About the Author: Joh loves everything about helping new home buyers get the best value for their money. If you want to find out more about

building costs per square meter

then Joh is your man.



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Financial Services November 25th 2016

Annuity Training For Systematic Risk, Active Management, And Indexing

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Submitted by: Cory Bowman

Systematic risk is when the value of your investments decreases over a period of time due to economic factors and changes in the market that impact your investments. Unsystematic risk on the other hand, refers to a possible change in price of your investment due to the changing factors of a specific security, as opposed to the overall economic changes. An annuity specialist can help you reduce systematic risk. Consulting an annuity specialist can be useful because these specialists know how to decrease the risk by diversification or asset allocation. Annuity specialists go through annuity training where they are taught how to manage and decrease risks for their clients.

According to The Handbook of Financial Investments (2002) by Frank J. Fabozzi: For common stocks, several studies suggest that a portfolio size of about 20 randomly selected companies will completely eliminate unsystematic risk leaving only systematic risk (note: the first empirical study of this type was by Wayne Wagner and Sheila Lau, The Effect of Diversification on Risks, Financial Analysts Journal, November-December 1971). In the case of corporate bonds, generally less than 40 corporate issues are needed to eliminate unsystematic risk.

A chart in Fabozzi s book shows roughly 60% of total risk is 95% eliminated through the (near 100%) elimination of unsystematic risk. This means that an advisor can eliminate close to 60% of a client s stock market risk by avoiding unsystematic risk.

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Active management can be used as a way to reduce risk as well. Active management is a strategy that can be used by an annuity specialist or manager where the goal is to outperform an investment benchmark index by making certain investments. Investors who don t aspire to outperform a benchmark index will usually invest in something known as an index fund which is known as the opposite of active management, passive management. The way an active manager or annuity specialist will go about trying to surpass the index is to exploit market inefficiencies by buying undervalued securities or by underselling overvalued securities.

A 2009 study by Morningstar concludes: while about half of actively managed funds outperformed their respective Morningstar indexes, only 37% did on a risk-, size- and style-adjusted basis. The numbers are similar for five and 10-year returns. Funds that performed in the top 25% over the past three years had much lower risk and volatility than their peers.

Understanding indexing is also important for managers and is discussed in many annuity training courses. According to financial advisor William Thatcher, indexing tends to beat active management in top-performing asset classes and loses to active management in the worst-performing asset classes. Thatcher believes in the best-performing asset classes, index funds are rewarded for purity and active managers are punished for their impurity (many do not stay true to a particular investment style). Results of Thatcher s study (1998-2007) show that the benefit of indexing was not consistent over one-year periods. The results of the Thatcher study were consistent with research done in 1999 by advisors Steve Dunn and William Bernstein. Overall, in order to be successful as an advisor or manager, it s important to have the proper training and understand the way indexing, active management, and reducing risk works.

About the Author: Cory Bowman is Director of Ops at the Institute of Business & Finance. IBF has helped thousands of members of the financial services industry attain designations. For more information about

annuity specialist


annuity training

, estate planning specialist visit http://www.icfs.com



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Financial Services September 12th 2016

Heres The True Story Of A Million Dollar Producer

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By Lew Nason

During the past 26 years my son Jeremy and I have had the distinct pleasure of helping hundreds of insurance agents, financial advisors and financial planners to go to the very, very top of the industry in life insurance and annuity sales. What follows is the recent success story of one of those people. Phil Calandra came 3 years ago to us after first attending the Missed Fortune TEAM Training, because he was struggling to make their system work. Here is his story, as he tells it

How Do You Earn Half-a-Million Dollars During Your First Year as a Financial Advisor?

By Phil Calandra, RFC

Hardly a week goes by without another financial planner, financial advisor or insurance agent asking me how I made half-a-million dollars during my first year of practice. Or, theyll ask how I earned close to a million dollars during my second year of work helping clients. I am going to tell you my true story. But, for me, the important story is how many people I have helped, not how much money I have made. It is all about how I helped my valued clients to earn more, achieve more, and advance toward their financial goals and objectives. That is the big picture and that is my priority. Assisting clients in resolving their money concerns that is what financial planning is all about for me.

Countless numbers of people have also asked me how I made MDRT during my first eight months in the life and annuity arena. Or, they ask how I made MDRT Top of the Table during my first full-year in the business. I am going to tell you what I did, plus what I didnt do, to achieve such a high level of success, so quickly. If you are serious about having a similar rewarding career as an advisor, then I urge you to get more serious with what you are doing.

When I decided to leave the corporate world in 2005, I departed a fat six-figure position with lots of perks and status. I wanted to help others in a very meaningful way. I wanted more servant leadership in my life. I did not want to push products and services onto trusting people. I no longer wanted to serve an ultimate objective that dictated: How much more can we get out of this customer?

For my lifes work I needed something far more different, something more satisfying, where I could be of real positive benefit and enjoy lasting personal relationships. Money was not the deciding factor for me. My successful experience was in corporate finance. I worked with many of the Fortune 500 companies in the USA. I traveled extensively and interacted with CEO types and top executives. But, I found myself longing for kitchen table type meetings where my skills could help real people. Middle class American citizens are largely ignored or exploited by our corporations, institutions, and organizations of all types. Our average American citizen is even exploited by our city, county, state and federal governments. Yet, they are the most important element of our society. They play by the rules but only keep getting shafted more-and-more. They and their children deserve much better treatment. I wanted to serve them, truly help them, and assist them in protecting the financial worth and improving their financial futures.

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Later, when I became a financial advisor I did not target the super wealthy. And I never expected to make so much money from work that I dearly love. Every morning I rush to the office, happy, and eager for another good day of meeting wonderful people (both clients and prospects). My real sense of satisfaction comes when the client is pleased and sees the results they need.

I Invested In Myself

From the beginning, the one thing I knew I would have to do is invest in myself. The school of hard knocks would take too long to create and replace my existing lifestyle and income. So, I started seeking out training from the very best in the industry. I easily spent $15,000 on coaching and training materials in my first year. I went to Missed Fortune TEAM training (before I even had a license), the MoneyTrax Mentoring Program, and I purchased every life insurance and annuity marketing and sales program developed by Lew and Jeremy Nason at the Insurance Pro Shop. Lew Nason became one of my first real coaches, my mentor and a dear friend.

What Lew stressed is you must learn two things to be successful. 1. You are in the marketing business. 2. You are in the financial advice business, in that order. If you dont have the right people to see, you cant make it. Marketing is the key to always being in front of the right prospects.

And, if you want to make the kind of money that less than 1% of the advisors make, then you have to do what most arent doing. What many advisors are not doing is Doing what is right. If you put the client first and take care of solving their issues and concerns, your success will follow.

The most important task we all have, both in our business and personal lives, is to build true relationships. What is a true relationship? Well, it can be described in a number of ways. I believe it is a connection between two people that is sincere, uplifting, joyful, and continuously strengthened by trust and empathy. To build true relationships you must work at this connection and live by the premise: It is better to give, than to receive.

In our business, people buy from people they like and trust. You must understand the importance, right now, of expressing and giving of yourself to other people. Whether it is in your business life or your personal life, the customer or person you are trying to build a true relationship with, has to feel appreciated and loved. It is simply the Law of Attraction. When you give out, you will get back, eventually. Coach Lew told me early on: People dont care how much you know, until they know how much you care.

Prior to joining the ranks of the self-employed, I was a student of the great motivators and an avid reader of success literature. That universal law and truth has been taught for centuries. I remember my coaching calls with Lew recounting the great Napoleon Hill: What man can conceive and believe, he can achieve. What have you read lately? It is important to feed your mind and build your skills, so you are sharp for every opportunity to help your prospective client. And, as the legendary speaker and author Charlie Tremendous Jones puts it; You are the same today as you will be in five years except for two things: the people you meet and the books you read.

When I started I did not have a Project 100, I did not call my family, friends and acquaintances. I did not pitch one single corporate manager or executive that I had been in boardrooms with previously. I knew my strengths and weaknesses. I was an accomplished presenter and public speaker. The dinner seminar was my natural marketing method. Now, I was fortunate to have enough start-up capital to jump right into the business this way. However, you CAN do it without a bankroll or rich spouse, if you learn how to properly use Joint Ventures, Free Educational Workshops, Free Reports and other proven marketing methods to consistently attract the right prospects to you. If you want to reach the top, use your resources wisely and get going Start small, be consistent, and never quit.

I was told by Mr. Calmen Mendel, one of the all time great Northwestern Mutual agents, This is the poorest paying easy work I would ever do. It is tough, but the people in your community, no matter what niche you plan on serving, need you. The financial well being of our country is in a fragile state. We are in a recession proof industry and people need real solutions. Identify the niche you want to serve and become an expert at marketing and consulting to that group. The dinner seminar was key to me getting off to a fast start. I used every seminar mail company out there. The folks at Response Mail Express (Jennifer Lowery) and Seminar Crowds (Clyde Cleveland and Susie Zolo) taught my assistant and I the basics. We then made every mistake possible. But we stayed with it. I have now created multiple seminar presentations, and my assistant Jennifer will tell you, I am changing things constantly.

Once again, I learned everything I could from the top producers. Take the time and invest in yourself. Some of the best in our business are: Don Blanton, Karlan Tucker, Craig Randall, and Lew Nason. Listen and learn from them and then fit things to your persona.

Are you sending out client newsletters? Do you have a complete follow-up system for every aspect of your practice? Are you sending out greeting cards, birthday and anniversary cards? Do you have an assistant and staff to strengthen your capabilities? These are all things I learned and figured out from day one that you must do. You must pay attention to detail and give your very best to your clients, prospects and community. Take the time to train and develop yourself and the staff around you.

In future articles, I will share with you specific things to do immediately. They are the activities and things I did and still do, that have taken me to the top of the industry.

Phil Calandra, RFC is President of Pinnacle Financial Services in Kennesaw (An Atlanta suburb), Georgia. He has been recognized by the International Association of Registered Financial Consultants, as ” One of our industry’s best and brightest. Calandra makes us all proud!”

Is there any question that Phil Calandra exemplifies the very best in our industry? Its a pleasure to help someone who is so dedicated to helping others.

About the Author: Claim your free Report “How to Attract & Sell Your Perfect Prospects” at


Where you’ll learn how to make 6-figures a year in insurance.



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Financial Services February 2nd 2015