Everything You Need To Know About Building Your Dream Home In 2017
No one makes the decision to build their dream home lightly. It’s a serious commitment and a bold financial move. There are so many things to consider that it can seem almost impossible – but don’t let all that put you off!
Anyone who’s gone through with building their own home will tell you that all the hard work, all the chopping and changing of plans – it’s all worth it in the end. Why? Because you’ve got the place you’ve always dreamt of, and it’s yours to enjoy.
With all that said, we thought it’d be helpful to lay down some of the fundamentals to consider before setting out to build your dream home. It’s an understatement to say that we live in a financially risky era, but with the right mindset, you’ll be able to plan and budget well enough to overcome any obstacle that gets thrown your way.
What it costs
There are many online resources aimed at helping Australians figure out how to budget for their build. On Property’s Build a House article is a helpful one. Based on its research, it recommends that the absolute cheapest you can build a house for in Australia is around $155,000. We think that’s a pretty solid estimate.
Of course, your estimate will change depending on exactly where you are and what you’re building, but it’s helpful to set this as your minimum benchmark.
realestate.com.au has this great article, which breaks down the costs of building even further, with more industry insight to back it up. What most consumers lack is that real insight into how the industry works, so make sure you do your research to pick up on that.
Keep in mind that every builder is different, and every quote will average out differently, no matter where you are. Despite that, always keep quality as your top priority, and analyse the costs across multiple quotes.
Site costs and lost time – things to take into account
Countless factors influence the final price of your build – some of which just wouldn’t occur to most of us. You can budget as precisely as you like, but when you’re building, not everything goes to plan.
Site costs are those most subject to fluctuation. They’re defined as things like greenery removal, adhering to council requirements – anything involving the alteration of the land you’re building on.
Be most wary of site costs, as time is a huge factor in the building process. To keep things ticking along, concentrate on this part of the process.
Don’t just work the building team. Work with them
Only you know exactly what you want when you’re building your dream home, because that’s what it is: your dream. No building process goes 100% according to plan, and occasionally, you’ll have to make a few compromises along the way.
But if you concentrate on cooperating with the builders you’ve employed and establishing a positive working relationship, you’ll find yourself surprised at how well things can go. Working with them will help you get exactly what you’re looking for, and avoid communication problems down the line.
Give us a call
If reading this post has helped you or got you thinking about building your new home, feel free to get in contact today. Leave a message on our contact form or reach out to our friendly sales team.
In the meantime, stay tuned to our blog and happy building!< Back to News