BUILDING A HOUSE FROM SCRATCH
Building a brand new house can be daunting, especially when it comes to budgeting for everything you want.
NSW sales and marketing manager for Clarendon Homes Tim Redway says there are several costs to look out for after you’ve found a house you love for your block, such as the Madison 38 (right).
“You have the base house price, which is published, but that doesn’t account for site costs (of your land) and they can vary a lot depending on the slope of the site, and how big it is and the soil type,” he says.
Getting a site inspection generally costs about $1,000, resulting in a report on the actual cost of building on your site.
“You only have to spend $1,000 to get all that information and the builder can’t renege on that,” he says. “If it is a difficult site, it’s often a surprise to all of us.”
Second and third home builders are often interested in upgraded fittings and fixtures, which can add up.
“Unexpected costs can be facades, which cost between $5,000 and $50,000,” Tim says. “If you want certain finishes on the facade, that can add between $2,000 and $20,000.
“Look at the electrical plan. We allow one power point per room but a lot of people now want extra data points or downlights.
“Floorcoverings can add extra if you have your heart set on something and bathroom tiles can add up if you want something different such as Carrara marble — and if you have three bathrooms then the costs will go up accordingly.”