Browse Forums Building A New House 1 Nov 23, 2011 6:44 am Hi All - I have been lurking around these forums for a while doing lots of reading - My wife and I are considering buying a 'knock down' and building a new home from the likes of Eden Brae / Masterton etc etc - I just wanted to ask you guys if there is a rule-of-thumb for all the additional costs etc that go on top of the advertised price with say, AVJennings/Sekisui House advertised price - As an example - the Peninsula 290 is advertised from $194k ... to get this done, landscaped etc etc ...ie: walk in live and be happy etc ....is it safe to add 25% ....50% ....etc etc ? We are just trying to work out a budget for a knock-down / rebuild scenario and given we are total novices at this there seems to be a LOT to consider ... Thanks in advance for your time and advice - Paul Re: What is the 'real' cost of a new build with home builder 2Nov 23, 2011 7:20 am When we were looking at houses i would say the majority of builders were telling us as a rule of thumb add $100,000 on top of the base house price. In my situation it would be closer to adding around 80% but it just comes down to choice. You could easily triple the base house price if you want to add all the extras available. Re: What is the 'real' cost of a new build with home builder 3Nov 23, 2011 12:36 pm in my experience if you want to be able to move in straight away i would allow $120-130K including for floor covering and basic landscaping, assuming also if you go with some basic upgrade during the design stage. Re: What is the 'real' cost of a new build with home builder 4Nov 23, 2011 12:59 pm phildaleg in my experience if you want to be able to move in straight away i would allow $120-130K including for floor covering and basic landscaping, assuming also if you go with some basic upgrade during the design stage. WTF are you putting in to add $120K?!!?!?! Grand outdoor areas with pool / spa / tennis court? Come on, realistically, add 10 - 15% to get fencing, some concrete work and basic landscaping... (On top of the base house cost) Re: What is the 'real' cost of a new build with home builder 5Nov 23, 2011 1:54 pm Maz78 phildaleg in my experience if you want to be able to move in straight away i would allow $120-130K including for floor covering and basic landscaping, assuming also if you go with some basic upgrade during the design stage. WTF are you putting in to add $120K?!!?!?! Grand outdoor areas with pool / spa / tennis court? Come on, realistically, add 10 - 15% to get fencing, some concrete work and basic landscaping... (On top of the base house cost) my quote with mac jones is 10 to 15% on top of base price just for site costs! add floors, upgrade a kitchen, add some electrical, a driveway and 100k on top of base advertised price is not so unrealistic! Plus you have the knockdown part which must have a hefty cost to it? Building the Bronte Executive with MJH Latest News: Slab down, frames were to be delivered 30/5 http://escape2country.blogspot.com// Re: What is the 'real' cost of a new build with home builder 6Nov 23, 2011 1:56 pm From my experience I would say the house and garden is going to cost around the advertised price plus 15-20% depending on site costs and any additions you want. This link shows how I came at this figure: http://www.anewhouse.com.au/?p=66 NB carpets and tiles were included in the builders base price. The Harder You Try - the Luckier You Get ! Web site http://www.anewhouse.com.au Informative, Amusing, and Opinionated Blog - Over 600 posts on all aspects of building a new house. Re: What is the 'real' cost of a new build with home builder 7Nov 23, 2011 2:20 pm Im building a 26 sqm house and my house cost was 165 and my finial cost totalled 215, that includes floor boards higher celings spa bath stone bentch tops to the kitchen evaporative air con and heating. Plus cat 6 cabeling and oto for nbn/telstra velocity estate. Re: What is the 'real' cost of a new build with home builder 8Nov 23, 2011 4:28 pm just finishing up a knock down a rebuild with DFH. advertised price of 210. Final price at 350. That does inculde every single cost inculding demolition, new furnishing, landscape & decking. Basically, i get to move in and enjoy with no strings attached. This does exculde rental costs as I move in with my parents during the build stage. roughly 9 months (give a little more time as apposed to normal bulids as you need to demolish and prep your site to handover) My Baby Hartley initial deposit 7th Aug'10 Signed contract 4th Dec'10 site start as per contract 25th May'11 slab pour 22nd Jun'11 Re: What is the 'real' cost of a new build with home builder 9Nov 23, 2011 5:03 pm We originally budgeted for around $70,000 on top of advertised price. Looking like it will be more likely $110k by the time you allow Basix, site costs, carpets, tiles, air con, lawns, fence, lighting. McKeachies Run, Aberglasslyn Deposit paid 11th April Land registered 6th June Land settled 20th June Colour selections and contract signed 5th August Commencement letter received 26th September Re: What is the 'real' cost of a new build with home builder 10Nov 23, 2011 6:47 pm Totally agree with $100000-$120000 on top of base price. And this is not with extravagant upgrades at all. Site costs can be huge and added a fair chunk of money. Also depends obviously on what the builder includes in the base price. best wishes Novo Overture by Masterton Contracts 20/8/11 DA submitted 31/8/11 DA approved 27/10/11 Site scrape 30/1/12 Slab 6/3/12 Frame 21/3/12 Brickwork 24/4/12 Lockup 8/6/12 PCI & HANDOVER 27/7/12 Re: What is the 'real' cost of a new build with home builder 11Nov 24, 2011 10:29 am Thanks a lot guys for your input & advice - with regard to site costs, what specifics should I be aware off, and what are the indicative costs ? Is there a 'master spreadsheet' or 'check list' at all anyone knows off for my own piece of mind ? thanks again!!! Re: What is the 'real' cost of a new build with home builder 12Nov 24, 2011 12:19 pm paulmoran Thanks a lot guys for your input & advice - with regard to site costs, what specifics should I be aware off, and what are the indicative costs ? Is there a 'master spreadsheet' or 'check list' at all anyone knows off for my own piece of mind ? thanks again!!! Site costs vary from site to site. In terms of site costs can be anything from 8K to 90K. The average is usually 12K-18K on a fairly level block. There are quite a few factors including: Fall of site (amount of cut and fill) Soil conditions (type of soil, mositure, clay, rock, landfill etc) Retaining walls (cost go up considerably if retaining walls are required) If your doing a knock down and rebuild then you need to factor in demolition (8K to 20K) and disconnection of services (~2K) My block falls 5m from front to back so earthworks was around 20K, but I was lucky that I have a wide and long block so no retaining walls were required or it would have been closer to 30-40K. Hope this helps Cheers, Alpal Building PD Heathmont 40 BLOG: http://alpal-pd-heathmont40.blogspot.com/ Deposit paid 19/08/2011 Contract signing 3/10/2011 Site Start 10/11/2011 Slab 23/11/2011 Re: What is the 'real' cost of a new build with home builder 13Nov 24, 2011 12:39 pm Totally agree with the 110-120k. I mean it says 194k base, which what I found misleading and disappointing when we first started looking was finding out how much isn't included! If you were to leave it at the 194k don't expect to get the home you have just walked through you may get the walls and roof. (well actually even the home were building now the staircase "wall" was an upgrade www.tinas-cakery.com Building a Monte Carlo with Fowler Homes. Our Build Thread --> https://forum.homeone.com.au/viewtopic.php?f=31&t=49218 Re: What is the 'real' cost of a new build with home builder 14Nov 24, 2011 1:14 pm You guys are crazy.. we added 36k to the base price. And that included a raft of structure changes, site costs and also quality fittings. 110k to a house is just crazy. Re: What is the 'real' cost of a new build with home builder 15Nov 24, 2011 3:00 pm LOL Humble not hard to do, just ask me There are so many variables to this question....single or double storey, squarage, 1st house vs subsequent, size of block etc. It is very hard to stay at base price regardless of the inclusions and it is very easy to go way over and spend over $100K more but it all depends on the finish you want, whether you choose to get the builder to do all of the fit out vs getting people in afterwards etc. Only you can say how far above base you will go but a good indicator is asking the display base cost vs as displayed which will give you a good idea of what you get for your money. Site costs are so variable that the best people to ask are those who are building around you as you would have similar soil conditions as they do plus any fall specific to your block. Personally I would love to see builders have to build one display home built and fitted out with their "standard" range. Re: What is the 'real' cost of a new build with home builder 16Nov 24, 2011 3:03 pm humble You guys are crazy.. we added 36k to the base price. And that included a raft of structure changes, site costs and also quality fittings. 110k to a house is just crazy. Humble, for me 40K was added just for site works, upgraded slab and AirCon - not all that crazy to hit in the 80-120K bracket Cheers, Alpal Building PD Heathmont 40 BLOG: http://alpal-pd-heathmont40.blogspot.com/ Deposit paid 19/08/2011 Contract signing 3/10/2011 Site Start 10/11/2011 Slab 23/11/2011 Re: What is the 'real' cost of a new build with home builder 17Feb 17, 2013 1:25 pm As stated previously, it would be great if there is a checklist compiled on what to consider when negotiating with builders. Just a quick question, for extensions to original plans would you know how much roughly they would charge per square metre? Re: What is the 'real' cost of a new build with home builder 18Feb 17, 2013 7:38 pm I agree with add 100k to the base price, our base price was $191k but them add on carpet, air con, tiles to living areas, driveway, blinds, electrical, water tank upgrade, a couple of doors we are now up to $280K. We still have to add lawn, landscaping, security screen doors, clothesline, moving costs... It's bound to go over the 100k extra... Built a Hawthorne 31 with EB nessjeffdreamhouse.blogspot.com.au Building an investment now with New Living homes... We are at nearly finished... Just landscaping and driveway to go! Re: What is the 'real' cost of a new build with home builder 19Feb 18, 2013 7:44 am Our base price was $222k and we are currently at $298k. We still need to add costs for fencing, landscaping and retaining wall. So currently at $76k difference, expecting around another $15k. For us the big extras were site costs, BASIX, driveway and alfresco. Roughly we had $10k in BASIX, $7k in driveway, $6k in alfresco and $35k in site costs. We hit rock and highly reactive soil. We were quoted roughly $500 per extra square metre. There isn't really a spreadsheet for this because every build is so different. There are a lot of variables like your block and your builder. My best advice for this would be to find the builder you like and ask for an estimate including everything you want. The only thing that changed for us between our estimate and our tender was the site costs. They went up $20k. If you are doing a knockdown rebuild you might even be able to ask the person you are buying it off if they know of any site issues. Most people will know if they have rock in their yard. Re: What is the 'real' cost of a new build with home builder 20Feb 18, 2013 9:12 am I've worked entirely in the opposite direction. I designed the build myself and have found a builder who will build what I can afford. I set a budget and will only go over it for site works. We are sourcing all of the internal fittings ourselves and he will include these in the contract price. If along the way costs blow out I can change things to keep it down for instance downgrading my beautiful stainless steel benchtops to laminate etc. I expect a blowout of maybe 10-15% on site works but ultimately, I am in control of the budget and it's my own choices that make it too expensive or not. I should add that it helps that my partner works at bunnings. It looks like it will save us hundreds of dollars on the build and that's just internal stuff. If we can convince the builder to call him to use it then it could be thousands. Blog http://tobuildahomeimprobable.blogspot.com.au/ Settlement Apr Council Jul Contracts Dec Earthworks Dec Frames Jan Trusses Feb Roof Feb Windows Mar The last home I lived in didn't have a pool and when i went to sell it the agents were not happy, even telling me to put one in to sell the place. The agents weren't happy… 2 4527 We already paid for somfy motors for the blinds. The quote above was purely for “pre-wiring” so the blinds company can install the motors and blinds. That’s why we… 5 17431 Can anyone recommend a good/affordable retaining wall and fence builder that I can get a quote from located in Sydney? 8 47373 |