Protect Yourself Against The Hidden Costs Of Building A New Home
Building a new home should be enjoyable and stress-free – a time when dreams come true and life is good. But can hidden costs building new home potentially jeopardise these dreams and your future happiness? In this post, we explore four hidden costs of building a new home, and provide some practical advice to avoid trouble.
1. Home design
Within the building industry, it’s acknowledged that home renovations cost significantly more (per square metre) than new home builds. That’s why a new home design should accommodate both your current and future lifestyle needs. For example, if you’re a couple with plans to have children in the future, it’s much cheaper to build that extra room or two at the onset. The same can be said for kitchens, bathrooms, garages and storage spaces. Obviously a lot will depend on your budget, but always try to think longer term.If you’re looking for an affordable home, take a look at some of our home designs from our range here.
2. Home package deals
You’ll be amazed by the sheer number of home package deals available in the housing market. Unfortunately, many package deals promise the world, but fail to deliver on the marketing hype. Therefore, it’s critical to examine any package deal with a fine tooth comb. A good package deal should contain few surprises and include the following essential items: painting (internal and external), floor coverings, lighting and ceiling insulation – not to mention kitchen and bathroom upgrade options. If you happen to fall in love with a specific display home, make absolutely sure that you understand what’s included and what’s not. Check out some of our house and land packages here.
3. Fittings and finishes
It’s always tempting to cut corners to save money. In the spirit of being sensible, you might decide to forgo those extra cupboards in the laundry, or install cheaper kitchen and bathroom appliances. What appears to be common-sense at the time, can actually turn out to be “false economy” in the long run. Cheaper appliances, fittings and finishes are likely to require fixing or replacement in a shorter timeframe, and can affect the resale value of your home in later years. The moral of the story is: focus on quality and lasting value.
4. Site preparation
Site preparation is an area which is often overlooked by first-time home builders. Every block of land undergoes a site survey and soil test prior to construction. If your block is difficult to access, or is situated on a slope, your home will cost more to build. Likewise, rocky or highly-reactive soil will increase your home build costs. You also need to make sure that your sewage, water, storm water and electricity connections to the street are covered by your building quote. In summary, a site requires preparation before the slab can be poured. To find out more on building on a slope, take a read of this.
A final word
Building a new home should be an enjoyable experience – free from hidden costs and unpleasant surprises. At G.J. Gardner Homes, we strive to take the complexity and stress out of home building. We provide our clients with peace-of-mind, transparency and outstanding value. Our fixed-price contracts are straightforward and free from hidden costs. If you’re in the market for value, quality and affordability, please contact us for a friendly, no-obligation chat. The coffee’s on us!