5 Ways To Save When Building A New House
Building a new house is not as easy as some companies would want you to believe. It is one of the biggest investments you can make, not just for yourself but for your family as well.
In many cities, property prices have been steadily increasing. Sydney, the most populous city in Australia, is no exception.
From September 2018 to December 2019, residential property prices have gone up 4.7%. If you’re planning to buy a house, finding great new home builders, Sydney won’t be easy. There are also several other things that you need to consider before launching such an ambitious project.
1. Decide On The Budget
Shortlist the new home builders, Sydney you can trust and talk to them about the overall budget. What people usually do not understand is that the initial offer is only the base price unless you plan on getting a Turnkey Package.
To be safe, get an extra 50% of the base price ready just in case. If the base price of the house and land package is $400,000, have $200,000 ready due to rising material costs, unforeseen delays, etc.
2. Find The Perfect Land
Before buying a piece of land, do your homework and make sure that the costs of building a house there will not require you to spend more than you’re willing to.
A piece of real estate with unusual land contours might look spectacular in a photo but could potentially be a nightmare for your budget. Clearing rocks, trees, and surrounding bushes will cost you a lot in terms of labour cost.
Levelling the lot will also be challenging if you plan to buy a piece of land carved on a mountainside. Other things to consider when buying a piece of land is the availability of drinking water and sewage lines.
3. Make Them Small And Practical
Because of the internet, it is quite easy to look up various house designs online and choose the type of house that you like best.
Most people base it on aesthetics rather than practicality. For example, there is always a desire to build bungalows with large floor areas and living spaces.
Again, that might look good in pictures, but they are not practical. For one thing, those houses are a nightmare to clean.
The cost of building the foundation and the roofing for a large bungalow might make you reconsider building something smaller.
It will be better to spread the living space over two floors. This will significantly reduce the costs of building the foundation and roofing.
4. Do Not Be Overly Extravagant
Keep everything basic on the initial construction. Getting the best fixtures and appliances sounds good, but it can add a lot to the cost of your house construction.
Keep it basic and upgrade everything later when you have the money to do so. Of course, some builders give fantastic discounts on materials, so it is good to keep that in mind too.
5. Do Not Turn Up Your Nose On DIY
Anything and everything can be learned online nowadays. You can even find some tutorials on how to fly airplanes.
It is safe to assume that you can learn how to do certain things connected to construction as well. Ask your builder if they can give you discounts if you do the painting yourself, or if you do the landscaping.
Everybody knows professional labour is more expensive than doing it yourself. Think of it this way.
You will be saving money and learning a new skill too. Who knows? Maybe you can do the repainting and landscaping again in the future.
Author Bio: Rosalina Evans is a farmer of words in the field of creativity. She is an experienced independent content writer with a demonstrated history of working in the writing and editing industry. She is a multi-niche content chef who loves cooking new things.