Browse Forums Building A New House Re: Does SIZE matter? 21Jan 25, 2009 10:52 am i have to say I am not a first home buyer but first time building a new home.I like the bigger home myself I can add the extra bits later as time and money allow.I didnot go for any upgrades when I building as they were about 40% more expensive then doing later finished building 40 square home on 5 acres with perry homes.working on the landscaping just finished pool deck with ://forum.homeone.com.au/viewtopic.php?f=31&t=2217 Re: Does SIZE matter? 23Jan 25, 2009 12:59 pm An interesting question. I think I would have to say 'size', but on the proviso that witht he bigger house, you are still using a reputable builder, which many of the volume/project builders still are. IE the house, though not as excellently built/designed as the architect's one, is still structurally sound and won't be falling down around me in a few years' time!
But, there are so many other factors to consider when building a house, I certainly wouldn't be basing my choice of builder on these two things alone We probably would have built a little bit bigger, but didn't because we wanted to maximise our back yard space and only wanted single storey - these were much more important factors to us than whether the builder could build bigger or better for our money. Re: Does SIZE matter? 24Jan 25, 2009 1:08 pm donuts so what you are saying. is Sure size does matter but only depending on what you do with it.
boom tish! no point the hugest house your block can fit if there is no yard left and your goal is to rent the house out if you expect your house to rent to family people or those who will want a yard. Re: Does SIZE matter? 26Jan 25, 2009 1:38 pm Hi wallacetai, if you are planning to rent out the house in a year time, then i think you better not having too much upgrade like stone benchtop and floor board, who know what your tenant going to do with the house, just my thought anyway.. Blog - http://clageonewhouse.blogspot.com/ Building Thread - viewtopic.php?f=31&t=10886&hilit=milan I am in, with my husband and my beautiful bunny Re: Does SIZE matter? 27Jan 25, 2009 1:44 pm kexkez no point the hugest house your block can fit if there is no yard left and your goal is to rent the house out if you expect your house to rent to family people or those who will want a yard. What is value? The value of the house is only as much as what the market places on it. The best way is probably to look at the houses in your area and see what kind of houses have the broadest appeal or attract the highest price. Think about who would want to live in your house and offer good money for it. It is an inner city location of DINK professionals or downsizing retired empty nesters? Is it a new development of first home owners? Is it a school zone of growing familes? Is it a rural setting of holiday homes? People choose the area first before choosing the house. They choose the area because there is something about that region that suits their needs and stage of life. Re: Does SIZE matter? 28Jan 25, 2009 2:06 pm donuts An interesting question. I think I would have to say 'size', but on the proviso that witht he bigger house, you are still using a reputable builder, which many of the volume/project builders still are. IE the house, though not as excellently built/designed as the architect's one, is still structurally sound and won't be falling down around me in a few years' time! But, there are so many other factors to consider when building a house, I certainly wouldn't be basing my choice of builder on these two things alone We probably would have built a little bit bigger, but didn't because we wanted to maximise our back yard space and only wanted single storey - these were much more important factors to us than whether the builder could build bigger or better for our money. For volume builder, I am looking at M3tricon, Simonds, AV Jennings, PD, etc ... they are reputable builders for some but nightmares for others though I asked one of the neighbours in the same street, and he got his house built by PD, he told me he was really frustrated and have to argue with them almost everyday, and when he called the people in head office, no one bothered to return his call, etc etc ... That's what made me think of building with smaller builders in the first place ... If I could somehow lucky enough to get better service with volume builders, then there will be no benefits for me to go for smaller builders anymore Re: Does SIZE matter? 29Jan 25, 2009 2:13 pm claego Hi wallacetai, if you are planning to rent out the house in a year time, then i think you better not having too much upgrade like stone benchtop and floor board, who know what your tenant going to do with the house, just my thought anyway.. Renting out for a couples of years until I pay off more principals in the house, and I would eventually either sell it or live back there when I have a family ~ so those upgrades like stone benchtop sound appealing, but also they are part of the promotions with "most builders" nowadays! And "maybe" if I get a better job with more $$$, then I just don't bother to rent it out ~ so with most of those upgrades (like high ceiling), I tried to do it now as they are harder to replace (ie. double vanity, tiled shower base, stone benchtop in kitchen, ensuite & bath, high ceiling, etc)? or maybe not? Re: Does SIZE matter? 30Jan 25, 2009 2:19 pm dymonite69 People choose the area first before choosing the house. They choose the area because there is something about that region that suits their needs and stage of life. The area is Kurunjang (Melton), and I think it's one of the fastest growing area ~ and maybe it'll appeal to First Home Buyers (because land is cheap) as well as BIG family (as the land here is pretty big too). They are my two target audiences. In the market, there are lots of small 3BR 2 Bathrooms house available (ie. 15sq house including garage in a 300m2 smart block with virtually NO yard at all); but even those house are renting out at $240 to $260 at the moment. So maybe if I build a 29sq House with 4BR and 3 Living Area + Outdoor Alfresco, it could attract family with 2 or 3 kids?? If I do build the 29sq house, I should still have a backyard with 7.5m x 17.5m = around 130sqm, so hopefully that is not too small as a yard? Re: Does SIZE matter? 31Jan 25, 2009 2:26 pm wallacetai In the market, there are lots of small 3BR 2 Bathrooms house available (ie. 15sq house including garage in a 300m2 smart block with virtually NO yard at all); but even those house are renting out at $240 to $260 at the moment. What sort of people are living in these rentals? This might tell you something about the neighborhood. Re: Does SIZE matter? 32Jan 25, 2009 3:29 pm dymonite69 wallacetai In the market, there are lots of small 3BR 2 Bathrooms house available (ie. 15sq house including garage in a 300m2 smart block with virtually NO yard at all); but even those house are renting out at $240 to $260 at the moment. What sort of people are living in these rentals? This might tell you something about the neighborhood. Young Couples for those units and families with 2 kids ~ Re: Does SIZE matter? 33Jan 25, 2009 3:35 pm 3 bedroom townhouse type houses on 300m2 block do punch above their weight when it comes to rental prices. As they are low maintenance and normally fairly new and modern and will still get rental prices similar to an older 4 bedroom house on a block double the size.
So if you are looking for an investment that certainly could be the way to go. Re: Does SIZE matter? 34Jan 25, 2009 4:03 pm Investment is whole different story to a house for yourself - do not pay extra for stone bench tops, for example - you won't get any extra rent for it nor for higher ceilings.
Also aim for low maitenance floor coverings rather than carpet. And, although I am the first to want a big yard for myself - not in a rental property - maitnenace is higher which is more cost to you and less chance the tenant will do it ( would you put in great efforts to garden someone else's house?) Buy a personal property with your heart, an investment property with your head I didn't make this up but it is good advice. Your difficulty as a first home buyer who must live in the house for 12 months is differentiating between what you like and what is good investment sense. Not always the same thing. Re: Does SIZE matter? 35Jan 25, 2009 4:04 pm Wallacetai, I have been asking myself the same question - build a bigger house with all the inclusions with a project builder or a smaller house with basic inclusions -but better built- with a smaller builder??? My thing is, because we live in a different state to where we are building, I want someone that I can trust to do the job well so we don't have to chase everything up! Also, I know that a smaller builder will let us know what is going on with our house and will hopefully be more flexible...
Just out of curiosity, which house are you considering from M...? I got a quote for the Santorini28 and it was way out of our budget $220000... Maybe it varies as to each state-we are building in QLD. Re: Does SIZE matter? 36Jan 25, 2009 4:10 pm We opted for a smaller house so we could spend more on upgrading it internally. (Stone benchtops etc) Building Vancouver 33 - My Thread https://forum.homeone.com.au/viewtopic.php?f=31&t=89689 Re: Does SIZE matter? 37Jan 25, 2009 4:13 pm Helyn Buy a personal property with your heart, an investment property with your head I didn't make this up but it is good advice. In the rental game - buy what people have to rent, not what you would want to live in - so small 3BR town house doubles on small land actually represents better value than recently renovated old victorians with high ceilings and a large garden. Re: Does SIZE matter? 38Jan 25, 2009 5:14 pm Helyn differentiating between what you like and what is good investment sense. Not always the same thing. Your house for the mid to long term future will most probably differ from an 'investment' property but I think WallaceTai is wondering how to ensure he gets maximum resale for his home. I give you an example. We were shown an older house which was extensive renovated for sale. It was an old 20's bungalow done up with a spacious open plan extension at the rear. There were quality fittings and finishes typical of the standard seen in an upmarket suburb. The style was targeted to a DINK professional couple or aspiring family. The problem was that few of the houses in the neighbourhood were built this way. There also was a nearby Catholic school and it wasn't too far from the beach but I couldn't see why their target audience would want to move there. It was a case of nice house, wrong suburb. My feeling was they overcapitalised on their investment. If you want good resale, the house can't be so extravagant or out of left field that you price yourself out of the market. But in ten years your area it might more established and no longer be a first home owner's bargain. Re: Does SIZE matter? 39Jan 25, 2009 9:13 pm Quote: BTW, I am planning to rent that house out in 1 year time after I fulfill my First Home Buyers condition, Dymonite, this sounds more about the house's potential as an investment rental than about re-sale Re: Does SIZE matter? 40Jan 25, 2009 9:25 pm Helyn Quote: BTW, I am planning to rent that house out in 1 year time after I fulfill my First Home Buyers condition, Dymonite, this sounds more about the house's potential as an investment rental than about re-sale Sorry missed that one. I would think the best answer is sub-divide. Build two townhouses, live in one, sell the other. Then rent out your home. Dear Members I have to decide the Facade column size. My custom builder standard is 350mm with rendering, but i asked for 470mm plus stone or tiles and yet to get… 0 7497 All sorted guys. Just needed to buy a blade with the correct bush. Dunno how to delete this post, can't find any help file. Cheers. 1 3664 Current door width is approx 2700, looking to have double doors fitted 820-820. What size does the frame need to be before door jamb? Thanks 0 3548 |