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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.
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.
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.
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 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.
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