Tips to Save Money when Building a House

Home is a place where family bond together and even share unforgettable memories with each other. However, you might be thinking how will I make it happen? First, you need to know how much is the projected land cost.

Land Cost

Land cost is the primary factor that someone needs to consider in building a house which is according to Senior Economist Shane Garrett, Wolf Architects Director Tares Wolf and Hotondo Homes’ Building and Operations Manager Peter Rielly from Housing Industry Association (HIA).

Last June 2016 quarter, Garrett said that land is the biggest expenditure in building a new home which takes 50% of total cost of the house and lot package. The average range varies from $933 per sq. meter in Sydney to $223 per sq. meter in Hobart based on HIA’s latest data. Many varied factors affect the actual cost of building which expert says, although the Australian average is $1183 per sq. meter excluding the design, planning permits, any site works or any cost blow-outs according to HIA.

Aside from land, there are several factors that influence in building a new house; size, quality, site considerations, desired time frame and complexity. Wolf explained that using high quality materials, site location of the new home, Bushfire Attack Levels obligations and time frame affects or gives impact in the building price. Often times landscaping, fencing, swimming pools and local council costs doesn’t include on the price, which will make another expense. BAL Assessments can be provided by local suppliers in your Capital City.

So, here are the tips which can help you save more on building your own comfortable and beautiful dream house.

6 TIPS TO SAVE MONEY WHEN BUILDING A HOUSE

1. EARLY ESTIMATION

Part of planning on building a house is cost estimation. This would help you on making significant building decisions though it is approximate. While creating early estimation, understand the building process and design to know the hidden cost. After finding the hidden cost, modify your plans to meet your budget.

2. CONSIDER A SO-CALLED PROBLEM LOT

Always try to consider hillside, narrow or in-fill property. These properties might be cheaper since it is difficult to sell it quickly, yet with the right plans and potential contractor it can be turn into a perfect place to build your home.

3. BUY LOW-MAINTENANCE MATERIALS

It might be expensive to buy and to install high quality materials but it can be useful in a long run since you don’t have to repair, replace or repaint them often than the cheaper ones.

4. USE RECYCLED MATERIALS

Recycled materials are eco-friendly and can cut down your total expenses. Look for architectural salvage warehouses to buy for useful products such as windows, lumbers and other architectural details.

5. BUILD FOR ENERGY-EFFICIENCY

Energy-efficient products and appliances, insulators and HVAC system for your climate will help lessen your cost. Use things that uses renewable energy, like “Energy-Star” rated appliances which might costly yet economical.

6. AVOID CHANGE ORDERS

Changes on materials during the process of constructing your house might create additional expenses, takes more time and give frustrations or stress. The result might not turn out the way you really wanted.

The tips listed above can make you dream house worth building in a cheaper and more convenient way without compromising it’s beauty and quality. For more information and help, contact CADDS Group today. They provide smart, industry-leading structural engineering solutions to the WA resources sector, as well as commercial and residential buildings.