What to expect when building a new home
All your questions answered30 June 2020
Building your own home is nothing short of the Aussie dream and is often on many lists of New Year goals. However, for all the excitement, it can be an extremely daunting and challenging experience. Unless you are a builder yourself, how much you don’t know about the process can be extremely overwhelming.
As such, we have put together a list of answers to some of the most common questions posed prior to and throughout the home building process to give you some confidence and insight on where your expectations should lie when building your new dream home.
What factors determine the cost of a new build?
When pricing a new home, builders evaluate the cost of labour and materials, coupled with the overheads of running the business to determine the price of the home, in line with competitors.
The nature of the site also needs to be taken into consideration. For example, are you building on a slope which will require levelling or is significant tree removal going to be required?
The height of your home will also be a determining factor of the cost as it usually costs more to build a two-storey home than a one-storey home. This is because there are additional items required to build a second-storey home, including an additional floor system, stairs, scaffold, fall protection equipment etc. that are not always required for a single-storey house build.
Inclusions are also a major factor in determining cost as less conventional fixtures and fittings are usually more expensive. Make sure you do your research and speak to your consultant about the different inclusion packages and ranges you can choose from that sit within your budget. Furthermore, its always a good idea to ask your consultant if there are any promotions that they are running which could see further inclusions built into your package.
Lastly, variations and changes can adversely affect the price of your home. You really want to try and avoid making any major changes once you have signed your contract.
What are the easiest ways to manage budget blowouts and keep costs down during a new build?
Some of the easiest ways to keep your costs down during are new build are as follows:
When selecting fixtures and fittings, go for more conventional options. Your Elderton Homes consultant will be able to provide you with a range of options that are within your budget, yet will compliment the overall look and feel you are going for.
Avoid building on sloping, rocky or unstable sites as it can require additional piers, stronger slabs, retaining walls and additional drainage. Areas where large trees are present can also represent a problem. Removing large trees cannot only be costly, but illegal. You need to make sure you do your due diligence ahead of time.
Try and keep alterations to a minimum.
If you can, do some of the minor things yourself such as minor landscaping and/or gardening. It can end up saving you thousands and can be quite therapeutic in the process.
What is the most expensive type of build?
Custom, architecturally-designed homes are always going to cost the client more for a variety of reasons aside from the fact that anything bespoke is usually a lot more expensive. First of all, one-off pricing can never match volume pricing, so you are going to see a significant increase there. Secondly, top-of-range fixtures and fittings, swimming pools, landscaping and other major features definitely add to the budget. Finally, often custom homes are larger and more complex than volume builds and require more intricate details and planning, meaning more labour and more expensive materials.
What’s the most budget-friendly build?
Volume builds are by far the most budget friendly. Elderton Homes has a large variety of display homes that can be tailored to a wide variety of budgets and life stages. Furthermore, Elderton Homes runs multiple promotions throughout the year that you can really see some major savings from. For example, the current ‘Made Mega’ Promotion offers up to $100,000 worth of upgrades to clients for just $2990.
Always keep an eye out for worthy promotions such as this one where you really can save a lot of money.
Will I need a solicitor or conveyancer?
Absolutely! When commencing your home building process, you will most likely need to engage a solicitor or conveyancer to certify your land and building contracts and the corresponding legalities associated with this. They will also be able to advise you on rules, regulations and processes associated with filing DA’s and any other relevant applications. Although, Elderton Homes can take care of this for you.
Who do I deal with during the build process?
In most cases, a dedicated Elderton Homes customer service consultant will filter enquiries through the team, who will be allocated to the client after they have The transitioned from the sales office team.
The client will also have ongoing contact with the supervisor of their build site at their scheduled building inspection meetings.
Is my new home covered under warranty?
All new home builds in New South Wales are covered by Statutory Warranty, which is six years for the structure of your new home and two years for defects. A guide to what constitutes as a defect can be found via the Fair Trading NSW website.