Month: August 2021

What Costs Can You Expect to Pay When Building a House?

Building your home in Cairns is a huge undertaking and will most likely be one of your biggest financial assets. Construction is an endeavour which entails a wide variety of different costs. In this post, we will investigate the expected expenses.

The Land

Unfortunately, you can’t just pitch a spot for you house as a bird does a tree for its nest. Buying the site is one of the main costs of your house building project. The location, size, features of the land and what will need doing to it to make it safe all make up the price. You may have to complete soil tests, have it surveyed, cleared etc.

The Building Process

Along with the land, the building itself will make up a massive proportion of the costs. You can read up on averages of prices per square metre and see variations per state and for type of home you prefer. Once you have a firm idea of the size and storeys you’d like, you can then approach Cairns home building companies and start to calculate specifics.

Be prepared for additional costs for design/architectural work. Labour is also a hefty cost, but you’ll reap the rewards of a professional job. Try and figure out where you draw both your practical and creative lines. Accept what you’re capable of DIYing and leave the rest to the experts. Taking on more than you can or cutting corners could financially damage you in the long run. 

Fitting, Fixtures & Materials

Houses require an array of facilities and comforts in order to function as a modern home. This is where quality level and aesthetics come into play. You’ll select what materials, brands and business to use for key fittings and fixtures around your home. As well as the sources and materials, installation will have a price – plumbing, electrical and carpentry work are all expected costs.

Other Extras

Once you have the basics down then the fun really begins! The above are most definitely the priorities but to transform a house into a home you must be prepared to add in your dreams and desires. Maybe you long for features like the ones below …

  • Double garage
  • Al fresco area
  • Pool
  • 3 storeys
  • Ensuite
  • Media/cinema room
  • Open living
  • Smart technology

 

Along with these amazing embellishments you will have to think about the interior design and whether you want to add unique flourishes to your spaces.

Expectations vs Reality

We’ve all seen the memes – but they couldn’t be more applicable to a house building project. After all, remember that “the best laid plans of mice and men often go awry.’ That’s not to say that anything will necessarily go wrong, but it’s better safe than sorry. Or it could be that you really want that gorgeous winding staircase or top of the range induction hob top. So, after you’ve calculated all the costs you’ve thought of for now, make one more section. Label it ‘just in case costs.’ Simply because nothing is more expected than the unexpected and you never know what you could end up wanting.

There is no doubting that building a home will cost a lot. You may have already anticipated many of the expenditures or still not really be sure about the true cost of it all. No matter what stage of the financial planning you’re at, always bear in mind that each homebuilder is different and therefore, will have their own personal set of costs. Always ask questions, always get all the information you need, do your homework and don’t be afraid to search around for quotes. There are also several schemes you can check out to help you with the costs such as the First Home Buyer and Homebuilder Grants.

If you have any further queries, why not get in touch with us here at Cairns Quality Homes? We’ll happily talk you through our processes and iron out any creases of confusion surrounding house building expenses.

How Much Does It Cost to Build a House – 2021?

There are several reasons as to why you’d want to build a house rather than buy a pre-existing one. With your own space you can bring your visions to life and have a home that is truly yours. You may wonder what costs are involved in such an enormous undertaking, which is why in this post we’ll explore financing a home construction in 2021.

Can We Really Answer This Question?

Building a house has several costs to take into consideration such as the land, design, the building work, planning permits and landscaping. Moreover, on top of such factors, we now have a vast range of modern amenities, materials, fittings, furnishings, technology and outdoor accessories to choose from. There are endless looks we could achieve and limitless incredible spaces we could create.

Every build is unique, and you could add, take away, extend, minimise and change as you go along! As well as these manageable aspects you must also be mindful of current circumstances that are beyond your control. So, really, there is no on answer to this question. Therefore, in this post, a guideline will be offered with some useful information and tips so that you can undertake further research in a more informed manner.

2021 in a Nutshell

Each year you’ll be able to find a set of average figures and percentages for each state in Australia. This will impact some of the major costs of your build. 

For example, at the moment, the average cost to build a home in Queensland is priced at $289,000. Although, the national figure for 2021 is at $320,000. Other states have everything in between and more, so these are rough ballpark figures. If you wanted to look at building costs in more detail, you’ll find average numbers for cost per square metre. Once you’ve decided how many square metres you want, you’ll then be able select an appropriate site and work out the house price in Cairns.

Another cost to look at is the Stamp Duty Fees – they vary by state and can be subject to change.

The People Behind the Project

Another massive cost component is the companies or teams of people you choose to work with. This will depend on the type of home and plans you have in mind.

For instance, here at Cairns Quality Homes builders, we’re all about creating stunning one-off homes instead of blocks of projects. We care about quality and are committed to your needs.

Of course, enlisting the help of professionals incurs its own set of costs. Nevertheless, it limits risks as you can trust in their expertise. Going it alone without adequate knowledge or trying to do something sophisticated and complex on the cheap could not only be dangerous but also lead to disastrous, costly setbacks.

The COVID-19 Impact

The worldwide pandemic has affected every industry and even the Stamp Duty Fees. You will notice discounts and shifts in costs due to the complications of the Coronavirus. Consequently, it’s important to be aware of these fluctuations.

So, as for the final cost- there is no one rounded final figure we can provide. The best thing to do to work out a concrete number is to make a thorough budget plan and include as much detail as possible. Take average land and building costs into account for a foundation and work up from there with any desired extras.

Always remember that we work so hard to be able to afford the place where we really live. No matter how far we venture, how many wild adventures, city breaks and staycations we go on; there’s no place like home.

Think of cherished family moments, nostalgic magic and lifelong memories. Sick days, PJ days, pool days, cleaning days and absolutely nothing days. BBQs, swanky dinners, burnt toast breakfasts, lunches, brunches, snacks and take-aways in front of movies. The laughter of your family and friends, bouquets of flowers on the table, reading a book by the window, finding the perfect tool in the junk drawer, sitting and enjoying just being together…. When you take a moment to really think about it, the building of the house is all completely and totally worth it, whatever your final budget reads, because the real cost of a home is priceless.