In this blog, I’m going to shock you with money talk. I’m going to tell you what building costs. It will save my Dad asking.
For a new, two story home, large enough to comfortably accommodate a family of five, and with the potential to gaze at the canals from rear living areas, we are talking in the order of $600K. Oooh… A very nice single story house could be built for closer to $400K. Probably we are only going to do this once, and if we are going to spend any money at all, we want to spend it on something we like. For now, let’s start with an “off-the-plan” house with a $600K price tag. We’ve read that an extra 10-20% should be anticipated for the extras such as heating/cooling, flooring, sometimes painting and minor changes to the plan. Silly me thought this would also include the stuff that needs to be done to the block before a house can be built on it. Nope, it turns out that is another 20% all of its own.
After Igor’s recent meeting with a building company rep, the first thing he had to say to me, predictably, was “You need to get a job”.
So (just skip this bit if numbers and details make your eyes glaze over):
- siteworks $17000
- retaining wall $25000
- extra requirements to meet 6 star energy rating $4000
- coastal requirements $25000
- storm water disposal $7500
- site survey $500
- council planning $2000
- council cross over $2500
- additional lighting and power points $10000
- extra footing detail to match council requirements $25000
- underground power connection $1500
- roof frame upgrade $1000
Yup, that’s any extra $121000 before you even think about an extra garage space, a different roof line or an extra window.
Time for a browse through the job classifieds.