Home building mistakes to avoid: 'Know your budget'
We’ve heard the horror stories people share about their building experience, but it doesn’t have to be this way. In a series of articles, the team at Grand Pacific Homes discuss pitfalls to avoid when building new or renovating an existing home...
We’ve heard the horror stories people share about their building experience, but it doesn’t have to be this way. In a series of articles, the team at Grand Pacific Homes discuss pitfalls to avoid when building new or renovating an existing home:
Know Your Budget
People are shocked with a cost estimate that is well over their budget – leading to disappointment and frustration. Beware of the following:
Size: The larger the house, the more it costs to build. Spend a bit less on the size to have more funds available for the exterior finishes and interior design of the home.
Design: Ensure that everything on the plan is what you want. Modern designs often specify commercial construction, but residential building methods can achieve the same aesthetic for less.
Custom: Standard sizes will keep the budget within reason, such as standard doors, garage doors and vanities. Only go custom on the feature elements in your home.
Budget: Split your budget into three portions:
- Tender – build cost including the builder’s standard inclusions
- Selections – upgrades of certain materials and finishes to reflect your aesthetic
- Contingency – amount to cover any unforeseen circumstances
Need advice? Marlowe and the team at Grand Pacific Homes can help. Get in touch: (02) 4227 6405 or info@grandpacifichomes.com.au
