If you are thinking of building a new home, here’s how to navigate a sea of choices.
The thought of building your home is exciting and one that probably has taken some time to come to fruition. Well done! However, now that you have made this decision, how will it all work? Do you simply choose a builder and hope that they bring your dream home to life for you?
For most of us, property tends to be the single largest investment we make in our lives. Many Australians looking to enter the housing market see this still as one of the best ways to obtain long term financial security.
The large majority of Australians are not serial renovators or builders, so we are left reliant on experts and professionals in what is still very much a male-dominated industry. Afraid of looking ignorant or being taken advantage of, many view this as a daunting and intimidating process.
Through our New Build Toolkit, we give you the confidence to ask the right questions, to the right person, at the right time in the build cycle.
You may already have thought about the design of your home, with some ideas about the look and feel you are trying to achieve. You may even have an inkling about materials, finishes, colours and the style of fixtures and fittings you would love to incorporate. But what about the real challenges?
What actual building work is involved?
What do you need to do first?
Who does what?
Where should you start?
So, what is the first step for building a new home?
OPTION A: Buy House and Land Package from a Developer.
OPTION B: Have own block and build a house using a Volume Builder.
OPTION C: Custom build on your own block and have the house designed by an independent architect to suit your personal tastes and requirements. You source your own builder or may decide to Owner Build.
You will have many pros and cons to consider before you make up your mind which way to go.
For example, you may like the idea that you are able to see the finished product up front, have a fixed streamlined process and leverage the buying power that volume builders bring with them. On the flip side, the restrictions of only being able to choose from a fixed set of designs may give you a “cookie-cutter” feel about your house design, or you may feel unduly restricted in the choices you are open to making when it comes to layout, personalised design and materials.
If you do want to pursue this option, you will need to:
- Complete your Project Brief.
- Explore and investigate display homes and builder options.
- Decide on a builder that provides a home with the layout you prefer or best meets your brief and budget.
- Clarify what options you have regarding alterations to layout, fixtures and finishes.
- Clarify in writing what, if any, additional costs will be incurred should you make changes e.g. number and location of power points, change benchtops, change flooring options etc.
- Confirm what is excluded from the price and scope of build e.g. fences, crossover to driveways, window finishes, landscaping, pergolas etc
Remember, information is power!
There is a lot of work to be done to get you from “I am going to build a new home” to taking possession of the set of keys!
Our Build in Common New Build Toolkit is designed to take the uncertainty out of your project and empower you to understand and take control.
Using our Toolkits will demystify the terminology you will hear and calibrate your expectations as to what will happen before, during and after the build process.
Knowing this will save you time, reduce some of the most common frustrations and avoid costly mistakes. For more information check out our Toolkits here.