Getting a price
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So here is the dilemma (which I have explained to the builder): If I buy a block of land, and the house price is too high, then I can't get the house I want. And I don't want to buy the smallest/least expensive block of land just to ensure I may be able to afford the house. This process seems absurd. Surely it makes sense that someone would like to know the price of the house, so they then know how much they can spend on the block of land (which they will do first).
Is this common practice?
I am in Adelaide.
Base price is all they could show you without seeing your land, which is pretty much the same as what they have on their website.
However, you could possibly ask for the extra cost of their standard alternations on their floor plans. Most volume builders offer alternations such as, guest bedroom, extra ensuite, fifth bedroom, grande sitting, large WIR etc. They should be able to tell you how much extra these cost if you want any.
So if you're happy with those inclusions, and you find an S or M class block, that fits the house you like, you'll be able to build for not much more than the price they give you. You'll probably have to allow a bit extra for driveway, landscaping and blinds. If you're not happy with the standard inclusions - the sky is the limit. You can easily spend 10k+ just on a fancy kitchen bench stone, if you like.
For example we're currently preparing a completely custom house build from the plans we drew up. The base price we were quoted is similar to the standard house of same area from their range with all standard inclusions. Then come all the extras like fancy tiles, kitchen/bath fitout, site costs for H2 soil and so on.
I am trying to compare house prices from the three big builders in Queensland. However only Coral Homes and Plantation Homes give a base price for all their styles. Metricon does not! I really need a current price list of Metricon Homes but cannot get ahold of one. Most grateful if anyone could tell me where to get it.Thanks.
Regarding site costs, unless you plan on having a sloped site, they can just add on an allowance over standard as a contingency. They won't have a proper estimation until a soil test is done anyway.
Have very recently had an estimate done (not official quote) based on plans for a 170m2 single storey house with 3 bdr and 2 bath (Kookaburra Homes (KH)). The plan is custom designed by another company. I'll break the estimate into 2 parts.
1. Base price: Standard inclusions such as minimum tiling to wet areas, laminate bench tops, 60cm appliances, minimum code insulation and windows, 450mm eaves, cheapest cladding (not actually sure what this is), ducted RCAC, basic downlights and electrical stuff. No flooring included (no idea why builders do this). No landscpaing included.
Estimate: $253,000 + $20,000 extra site cost allowance (standard site allowance is 'S' class soil and up to 300mm cut and fill).
2. Base price plus flooring and some modest extras: Entry level vinyl plank floors and carpet to bedrooms. Mostly standard inclusions still, bar an upgrade to axon wall cladding and some upgrade to the cabinetry and sink in laundry.
Estimate: $267,000 + $20,000 extra site cost allowance. We'll probably add another $10,000 onto this for other things we decide to upgrade by the time we sign the contract.
That's about $1700/m2 for a pretty standard build (and this is not a final quote so it could be more). KH aren't the cheapest but they're on the cheaper end of the scale. FYI prices have gone up around 30% since covid started.
Also keep in mind once you start adding things like stone bench tops, nice cladding, nice tapware/tiles/cabinetry, you can quickly add on 10s of thousands. Upgrading to stone benchtops and floor to ceiling tiles would cost us close to $15,000.
I hope this helps. It's not easy to get information!
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