Sep 10, 2021 4:44 pm
First post here. Looking to build on a rear sloping block outer east Melbourne. First design has come back at around 320sqm for 4 bedrooms, 2 studies (both work from home), kitchen with butler pantry, rumpus near kids bedrooms. I'm getting approx quotes from builders around $2100 - $2200 per sqm (includes site costs apparently) which means a build of about $700k which is way above our budget. Designer thinks realistically we should allow $2500 per sqm. Another builder thinks $2500 - $3000 per sqm.
Are we dreaming if we think we can build this for around $550k? I know may be difficult to comment without all the detail but just after your experiences with similar budget and what sort of home you've managed to build for that cost. Does this home sound unnecessarily large? No idea what the average home size is, have been living in a tiny weatherboard forever. Attaching pic of style we are going for.
Re: Outer East Melbourne cost new home2
Sep 10, 2021 4:59 pm
Sounds like you are using a designer/architect to draw up a plan, and getting builders to build this plan. Normally this would fall into the category of boutique/custom build. Therefore $2000/sq including site costs is very reasonable for this path way.
For your budget between $1500-$1700 mark, I'm afraid that you might need to consider a volume builder like Metricon/ Porter Davis and such. They have set floor plans with limited alterations allowed. Have a look at their websites and displays after lockdown and get some ideas. You might not get exactly what you wanted such as this facade you like.
Re: Outer East Melbourne cost new home3
Sep 10, 2021 5:12 pm
Thanks so much for the prompt feedback. Many volume builders wouldn't touch the block, it has a 8m fall though there is a flattened section where we would build. Ok, so looks like $2000 per sqm might be the ballpark to aim for if we continue this path. And needing to cut back size of current design by quite a bit then
Re: Outer East Melbourne cost new home4
Sep 10, 2021 5:40 pm
I see. Fair enough. That’s also one of the reasons volume builders can restrict their build cost. My current build is about 300sqm too. Averaged cost at $2200/sq.
You probably need to adjust your expectations.
Re: Outer East Melbourne cost new home7
Nov 11, 2021 9:01 am
Hey Joylabz Welcome to the forum
It would be best to focus on the design, engineering, data and costs first
Own copyright of the plans/data and then get 3 Builders to sharpen their quoting pencils. Otherwise, you might get $ticker $hock with the variation cost increases after you've signed a contract.... A hot topic on the forum ATM directly related to covid, Material and labour shortages, price increase, delays, blah,blah, blab ( trying to work in the upcoming carbon tax..humour)
Designer,Engineer (Civil,Const & Envir),Builder,Concrete & Masonry Contract.Struct Repairs
Re: Outer East Melbourne cost new home8
Nov 12, 2021 4:04 pm
I think $2000 psqm in the current market would get you a basic finish in Melbourne. With your façade and pitched roofs, I would think $2500 psqm would be a better starting point. Assuming you want a mid-spec finish too. We're about to finish our custom build in melb, came in around $2400 psqm.
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