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.