In a series of articles, the team at will discuss pitfalls to avoid when building new or renovating an existing home.
Know Your Budget
People are shocked with a cost estimate that is well over their budget – leading to disappointment and frustration. Beware of the following:
Size – the larger the house, the more it costs to build. Spend a bit less on the size to have more funds available for the exterior finishes and interior design of the home.
Design – ensure that everything on the plan is what you want. Modern designs often specify commercial construction, but residential building methods can achieve the same aesthetic for less.
Custom – standard sizes will keep the budget within reason, such as standard doors, garage doors and vanities. Only go custom on the feature elements in your home.
Budget – split your budget into three portions:
Tender – build cost including the builder’s standard inclusions
Selections –upgrades of certain materials and finishes to reflect your aesthetic
Contingency – amount to cover any unforeseen circumstances
Need advice? The team at Grand Pacific Homes can help. Get in touch: (02) 4227 6405 or info@grandpacifichomes.com.au
