Browse Forums Building A New House 1 Nov 07, 2012 9:58 pm Hi All so glad i found this forum as there is great information on here. Im looking to build on the Central Coast NSW but a bit worried about the stories i see and hear that "i was quoted x price but ended up spending y price" as we have a budget of $220-240 to build with and thats it without having to stretch. Looking for peoples experiences of what they ended up spend verses what they originally were quoted for either Turn key package or base price and if can say how this was with builder wise. Thanks Re: Quote Price Vs Actual Final Price 2Nov 08, 2012 1:18 am It's all about Temptation and wanting all the goodies and upgrades, very hard to stay strict with oneselves - I think the main thing is to factor site costs in and just look for the best deal with the plan that suits your family and don't make big changes to it (guilty) Re: Quote Price Vs Actual Final Price 3Nov 08, 2012 10:56 am Add about 35% of the base price; more if you want luxury options - timber, eaves, aircon etc. Building a Delta 21 at Craigieburn - http://homeofzero.blogspot.com.au/ Deposit: 26/02. Contract: 22/05. Settlement: 29/05. Site start: 18/10. Re: Quote Price Vs Actual Final Price 4Nov 08, 2012 10:59 am Our build price was $176k which included everything as standard inclusions. We ended up spending an extra 15k on things like different shower heads, taps, stone benchtops, glass splashback etc. Feel free to follow our build! viewtopic.php?f=31&t=59958 Re: Quote Price Vs Actual Final Price 5Nov 08, 2012 11:15 am Unfortunately in our industry, this question amounts to 'how long is a piece of string?' Every builder is different, and do things differently. Some builders will insert TBA's into their quote, without providing an estimate of the cost - thus the final total cost when providing you with a preliminary quote will be lower than a builder who at least made an attempt to 'guestimate' certain costs where all information is not available. Your best bet is to research research research, don't shop builders based on base prices because they all come to these figures differently and no builder ever actually builds a house for the 'base price'. You'll find some of the better builder will refuse to publish a pricelist, because in reality they are so misleading and amount to bait advertising. Find what you want, talk to plenty of builders and ensure you do your best to obtain a fixed price contract. If there are potential variables, do your research on how likely and how much they are likely to vary so you can avoind and/or control any 'rude' shocks. Good luck! Re: Quote Price Vs Actual Final Price 6Nov 08, 2012 12:04 pm Even if there is a base price and you don't add any extras/upgrades what so ever there is usually something to add on like, bal 12.5 (if required) permits/dispensations (if required). We have a useless "security fence" that goes around the block while they are building that was an extra $1200 or so. Then an extra $3000 for being a bit further out!! There's always something extra. Re: Quote Price Vs Actual Final Price 7Nov 16, 2012 9:21 am Unfortunately the 'useless' security fence is now a requirement forced on builders by the government. There are a number of cost increases in the building industry in the past 18 months as a result of changes to safety laws. Even lowset homes now require full scafolding and edge protection, and all homes now require temp fencing prior to lockup. This is a cost that unfortunately gets passed on to the consumer. Re: Quote Price Vs Actual Final Price 8Nov 16, 2012 9:32 am I am shuddering to see what our final price comes back at - we are already $150k over our original budget!! That does include our Deco doors and Jazz retro cornices and caesterstone throughout. Havent had any extras or upgrades quoted up yet :O Re: Quote Price Vs Actual Final Price 9Nov 16, 2012 9:45 am We ended up spending nearly $80k upgrades .. still not close to the Display home yet. Re: Quote Price Vs Actual Final Price 10Dec 02, 2012 6:00 pm Gosh, I'm feeling better, we only spent an extra 10ish. But we do have to do all the downlights and usual post handover stuff. We upgraded our doors and tiles and I thought that was being extravagant! You guys are going to have pretty fancy looking homes. Worthwhile I think. We just did not have the cash. GOODLIFE - Bravo - BUTLER http://getmistyfied.blogspot.com.au Display 20/02/2012 PPA 01/04/12 Prestart: 25/07/12 Settlement: 31/07/2012 Contracts:August Slab 19/11/12 BRICKS 10/11/12 Roof 16/01/13 Re: Quote Price Vs Actual Final Price 11Dec 02, 2012 8:33 pm Good on you, turtleschell! We are spending about $80k on extras too, but a lot of it are things that we'd need anyway and most people would add, it just wasn't part of the inclusions. Things like aircon, flooring, eaves, insulation, driveway, turf... None of that was included in the base price for us, and these are things we NEED to have. Only about $20k are "luxury" items like carpet upgrades, door upgrades, glass splashback, security screens (which I don't even consider a luxury, it's a safety thing), etc. I'm just hoping that we won't get undervalued because of the amount of extras we have, and rather based on the things that normally people get in their house anyway. Settlement: 10.02.13 Slab: 06.03.13 Frame: 08.03.13 Lock-up: 05.04.13 Handover: 03.06.13 Build thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=59555 Brisbane Photography Re: Quote Price Vs Actual Final Price 12Dec 03, 2012 8:58 am Fixed priced quote - full turnkey. So no nasty surprises. Tender process was pretty long though, but worth it.
Up to approximately $15,000 in post contract variations though - so many nice things that you come across during the course of the build + another $11K set aside for the solar PV system. MalinViktoria I'm just hoping that we won't get undervalued because of the amount of extras we have, and rather based on the things that normally people get in their house anyway. You should be ok - as you have said these are 'standard' inclusions. Where you get caught out is when you spend $$$ on upgrading benchtops to stone or spend 4 times on the standard on a type of tile - to the bank its just a benchtop and a floor hence the lower valuation. Re: Quote Price Vs Actual Final Price 13Dec 03, 2012 9:17 am ttva We ended up spending nearly $80k upgrades .. still not close to the Display home yet. Yep - I reckon 50% of initial price is a good guess ... I must say I'm impressed with the one who had a nil increase. I'll have to get you to talk to my wife ... Re: Quote Price Vs Actual Final Price 14Dec 03, 2012 9:59 am We went about $55K over we changed the carport to a garage made the whole house a lot bigger changed front elevation and master bedroom we splashed out on a bit ... Can't really remember what else ... We also have $11k to pay before handover for prestart ... Re: Quote Price Vs Actual Final Price 15Dec 03, 2012 10:03 am I'm going to copy and paste my post on a different thread! Our builder had a lot of standard inclusions that seem to be extras for other companies e.g. the first lot of stuff you mentioned, was all included. Before we signed the contract we just added in anything we wanted with an amount we wanted to stay under. Original price with inclusions was around $218k. Ours ended up at $214k (plus pool and the extras we chose at colour selections). Upgrades/changes: Upgrade to 900mm gas stove/electric oven Add security screens to three doors (all windows have flyscreen as standard) Add two extra recesses/niches to entry (the plan already had one as standard near the kitchen) Add two extra bookshelf sized niches/recesses to living room Micro-framed mirrors in both bathrooms Semi-framless glass shower in bathroom No glass at all in shower in ensuite (walk-in shower?) Upgrade to rain shower head in ensuite Add feature tiling to ceiling on one wall each in ensuite and bathroom (not inc in contract price, approx $1500 extra) Upgrade to 600x600mm porcelain tiles to splashback in kitchen (not inc in contract price but only about $100 extra if that) Upgraded to downlights in living areas Upgrade to timber-look colourbond garage door (not inc in contract price, $275 extra) Upgrade to stainless steel fans/fanlights (have to pay about $300 extra for a few extra fans we took out, see below) Upgrade kitchen to all drawers Upgrade bath to 1650mm with tiled island hob Add in pull out double bin under sink Add bulkhead (I think that's what it is called!) in kitchen above overhead cupboards so there is no gap to ceiling Zip Tap in kitchen (bonus inc from builder) We also changed a lot of the room configurations and built out to a few of the eves, at no extra cost. Original plan had 4 beds plus study, we took the study out and made everything else a bit bigger. What we took off our design (mostly to save money so the bank would give us our loan!): Stacked stone to façade Limited carpet range Standard concrete instead of aggregate (which was standard on the plan) to driveway, entry, alfresco Limited Caesarstone range Heat pump to gas Took out a few fans (which we will just pay for ourselves) Even with the extras we will still have to pay for, we will still come in under the original quoted plan price. The following are standard inclusions with our builder, some of which we took out: ■Caesarstone bench tops ■Blum hardware ■Designer tapware ■Soft close drawers ■Caesarstone vanities ■Fixed siteworks ■Air conditioning ■Stainless appliances ■Clothes line ■Letterbox ■Turf ■Rendered exterior ■Heat pump ■Fence ■Floor coverings 1st build: viewtopic.php?f=31&t=59376 *New*-2nd build: viewtopic.php?f=31&t=70324&p=1154282#p1154282 i would suggest nothing is unreasonable for PCI. we did all sorts, including checking the hot water, checking all the GPO's had power, testing that the showers were… 9 98768 Hi, I am approaching end of the build. My final invoice will be given to me soon to pay. Some context before I ask my question. 1. My builder wont do the landscaping or… 0 3909 regardless, your contract stipulates a payments schedule and SOPA doesn't give provision to that scenario. Your contractual terms appear to stand. Hence get a lawyer, it… 4 11957 |