Browse Forums Building A New House 1 Oct 11, 2016 4:31 pm I assume this is on par with "how long is a piece of string", but I just don't know where to start. Basically, DH and I are at the point where we either need to sell up and move, or build. And which one we do basically hinges on how much building would cost (and then what we would get if we bought and sold for that same differential). But I just don't know enough about this area to estimate. We've looked at project homes and their prices, but I have literally NO idea how much to add on top of that price for what is likely to be the finished cost of the house after demolition, land preparation, landscaping... just whatever it costs to end up with a finished house. Even to the nearest $100k. Can anybody tell me where to start? Basically we are looking at a) Two storey (ideally, but might have to go to one to save costs) b) Sydney suburbs c) Land is flattish but not flat - probably about a 1.5 m gradual drop from front to back d) 4-5 bedroom with probably not the lowest ceiling height option but one above that e) I don't think we are on clay or rock or anything too problematic So say the quoted basic project home price for one we like is say $250k. Is there any guide or tips or anything I can use to estimate what the finished cost of the whole deal is likely to be, and what costs I need to take into account that I might not have? I'm thinking at the moment the big extra costs presumably are - costs to get through council - demolition of old asbestos place - landscaping of new place - driveway - is this an extra thing? - land preparation - does this tend to be extra? - random variations and delays that happen to the original price I've no idea how to cost any of these, so all tips welcome! And sorry if I'm asking stupid stuff, I'm completely new here and couldn't find a thread that seemed to cover this. Re: How to cost a house... (total noob question) 2Oct 11, 2016 5:45 pm Add another 100k on that ... it would be around it. Re: How to cost a house... (total noob question) 3Oct 11, 2016 6:16 pm I did a bit of an assessment back in 2012 that could give you some ideas at ( https://anewhouse.com.au/2012/01/what-will-it-cost/) Probably allow around $30,000 for demolition. 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: How to cost a house... (total noob question) 4Oct 11, 2016 6:29 pm We have recently done a Knock Down Rebuild (nearly at handover) in Melbourne on a sloping block. The house is a 2 storey 41.6 squares on an 850 square meter block. If this is any help our spend will be roughly as follows: Base price $291K Upgrades $100K Site costs $60K Demolition $17K Total $468K Plus post handover Driveway & path $15K Shutters/Blinds/curtains $14K Landscaping $30K plus Grand total $527K plus incidentals (TV aerial, letter box etc). You need to do the sums about how much you will pay to changeover (stamp duty, agent fees, conveyancing etc) and for us it was going to be circa $110K and we were never going to find something that ticked all the boxes in our budget. If you like the area you are in, with a KDR you are going to end up with exactly what you want exactly where you want it, albeit with the stresses of building along the way. Our build thread viewtopic.php?f=31&t=82369&p=1525857&hilit=fairhaven#p1525857 Re: How to cost a house... (total noob question) 5Oct 11, 2016 9:39 pm Thanks folks, that's very helpful! Old bloke - I totally forgot about changeover costs - thanks for that! We are in the area we want but on a busy road - but I don't think we could afford to get a place off the road in this area AND rebuild it. But then again it's a lot of money to drop on a 'great but not perfect location' house. The price you're seeing for a high-spec 2-storey home in Perth sounds steep, but unfortunately, it's kind of the norm these… 8 7987 You can really use anything you want the main consideration would be how it looks once painted/finished - or the look you want. Cabinetmakers use MDF because its cheap… 2 9962 I would say both styles you have pictured are steel. The lower chord of the first pic would be a massive lump if made using timber considering the size of the rafters. If… 1 6154 |