Building a house that will stand the test of time requires more than just picking a design and hiring a builder. Careful planning, choosing the right materials, and understanding your budget are critical steps in the process.
From the first sketch to the final inspection, ensuring your home is built to last is an investment in your future and a safeguard for your property.
1. Get Your Plan in Place
Proper planning is the cornerstone of a successful build. Before starting, there are several key decisions to make:
- Where will your house sit on the lot?
- How will the rooms be laid out for the best flow?
- How will you maximize natural light and ventilation?
- How many power outlets will you need? (Hint: more than you think).
Gather design ideas from resources like Pinterest or other inspiration boards to refine your vision. These references will not only help guide your decisions but also serve as a communication tool with your builder.
2. Budget More Than You Expect
No matter how detailed your builder’s estimate is, expect to spend more than you planned. Hidden costs and finishing touches often push the final budget higher:
- Site costs for preparing the land (grading, drainage).
- Electrical and gas meters, NBN hook-ups.
- Landscaping, fencing, and outdoor areas like decks or patios.
- Window coverings, letterboxes, and other details.
Finishing costs can add 15-25% to your overall budget. Building a buffer into your finances helps avoid last-minute stress.
3. Choose the Right Builder
Selecting a reliable and skilled builder is crucial for the success of your project. Here are essential factors to evaluate:
- Licensing and insurance: Confirm they’re covered and qualified.
- References: Speak to past clients about their experience.
- Previous work: Inspect homes they’ve built for quality.
- Style compatibility: Make sure their style matches your vision.
- Personality: Communication is key, and you’ll be working with them for months.
A builder who is responsive, professional, and experienced is invaluable. Be thorough in your selection to avoid problems later.
4. Understand Your Contract
Before signing any contract with your builder, ensure you know exactly what you’re agreeing to. Key elements to focus on:
- Detailed payment schedule: Payments are usually made in stages as the build progresses.
- Construction timeline: Agree on a timeline that meets your expectations.
- Warranty and insurance: These protect you if problems arise after completion.
It’s also wise to have a lawyer review the contract before you sign. Legal oversight can help identify any potential issues.
5. Know What You’re Entitled To
If you’re a first-time home builder, there are several grants and concessions that could reduce costs:
- First Home Owner Grant (FHOG): A valuable incentive depending on your location.
- Stamp duty concessions: These are available in many states and can reduce the cost of your land purchase.
Visit the Australian Government’s website for eligibility details and use a Stamp Duty Calculator to estimate your costs.
6. Secure the Right Financing
Building a house requires a construction loan, which differs from a regular mortgage. The lender releases funds in stages (called draws) as construction milestones are met. Make sure you:
- Secure financing before construction begins.
- Understand the loan structure and its impact on your cash flow.
- Keep track of each payment to avoid delays with your builder.
Proper financing ensures your project runs smoothly from start to finish.
7. Communicate with You’r Builder
Good communication is key to a successful build. Here’s how to stay on top of the project:
- Check in regularly with your builder and contractors.
- Take photos of progress to track potential problems.
- Don’t hesitate to stand firm on important details. It’s your home, and your vision matters.
By staying engaged and asking questions from your builder, you can ensure the project moves forward according to your expectations.
8. Look for Cost-Saving Opportunities
Building a home is expensive, but there are ways to save money along the way. Consider these strategies:
- Shop around: Compare prices for materials, fittings, and services.
- Get multiple quotes: For each stage of construction, getting several quotes can help you find the best deal.
Small savings can add up and help keep your budget in check.
Conclusion
Building a house that will stand the test of time requires careful planning, the right builder, and a clear understanding of your budget.
By preparing ahead of time and communicating effectively, you can avoid costly mistakes and ensure your home is built to last. Protect your investment and enjoy the benefits of a home that will serve you well for years to come.
Remember to protect your new investment
Property is usually the single largest investment you will make in your lifetime.
BMT Insurance works with some of Australia’s most experienced providers to select suitable and cost effective insurance for you. Let BMT find the house, contents or landlord insurance that works best for you and your investment.
FAQ on Building a House in Australia
What stage of building a house takes the longest?
The design stage typically takes the longest. It involves working with a design team to ensure all details are captured, making it the most time-consuming part of the process due to its complexity.
What is the cheapest way to build a house in Australia?
The most affordable options include building a sand pad, concrete slab, or a prefabricated modular house. For site-built homes, using a steel frame with corrugated iron cladding and gypsum board interiors is usually the cheapest approach.
How much does it cost to build a house from scratch in Australia?
In 2024, building a new home costs between $1,500 to $3,000 per square metre. The total cost for a new build ranges from $225,000 to $500,000 depending on the size and location.
How long does the average house take to build in Australia?
A standard house takes approximately six to twelve months to complete, while more complex designs can take over a year.
What is the hardest stage in building a house?
The most challenging part can be the waiting periods, particularly in the early stages where visible progress may be slow, but behind-the-scenes activities are ongoing.
What type of building lasts the longest?
Stone and brick houses are the most durable, with steel-frame constructions also offering long-lasting durability. One-storey homes last longer due to easier maintenance, and some houses can last 100+ years.
