Planning on building a new house? Understanding the costs involved in the construction process can help you create the right budget for your new home build.

When it comes to building a home, you need to be aware that there are many factors that can affect the final costs involved in construction. Some of these factors are subject to external influences such as market conditions, making them almost impossible to anticipate — which is why it’s essential to lock down the costs for factors that you can control.

As experienced home builders in Townsville, Keir Constructions are here to help you budget appropriately for your new home build so that you can minimise the risk of having to pay more than what you’re prepared to.

Engage a builder early 

Besure to approach a builder early on before making any concrete plans of your own. A qualified builder will often have a good understanding of the current state of the market for building resources and requirements - speaking to them about your plans will allow you to get a good idea of the costs involved.

For example, building resource shortages can drive up the price of a home build significantly or cause some design options to become unfeasible. Engaging a builder can alert you to construction issues like this and help you plan ahead with better budget estimates.

Determine soil type and land slope

The type of soil on the plot of land for your future home build can affect the cost of construction.

• S – Stable
• M – Moderately Reactive
• H1 – Highly Reactive
• H2 – Highly Reactive and requires extra Engineering

All soil types can be built on, but the more reactive it is, the more complicated (and expensive) the foundation setting will be. Furthermore, if your new home build will be situated on a slope, the steep angle of the ground will also make the build more challenging, requiring more time and expenses to complete. 

Understand inclusions 

Most home build packages come with a list of inclusions from the builder — these are furnishings, appliances, or features of the home that are included with the building service to make the home more convenient to move into once it is completed. Examples of common inclusions include:

• Doors and locks
• Kitchen cabinetry and appliances
• Taps, Shower Heads, Toilets etc
• Colours for Roofing, Gutters & Fascia’s
• Wall and floor tiles 

Builders will usually showcase a list of inclusions for each of their home packages to give potential homeowners a better idea of what their fully constructed home will come equipped with. Using this list of inclusions, you can adjust your budget accordingly to exclude items that will already be provided by your builder.

Match your budget to size

Property prices are rising all across Australia, and it’s more important than ever to understand how much your dream house will cost. Depending on the design and size of the new home build, you should be prepared to stretch your budget to match the costs that are required. 

Set aside funds for landscaping 

Your new home build won’t be complete without proper landscaping for the finishing touch. Remember to set aside a portion of your budget for the cost of a landscaping service. Of course, there’s always the DIY option if you really want to save money, but most builders will recommend having professional landscaping done to match the aesthetic appeal of your newly constructed home.

Compare like for like 

Creating a budget and making considerations for the cost of your home are a practical part of building a home, but it’s not all that you should worry about. At the end of the day, the quality of your home is what will give you the greatest satisfaction, not to mention reduce the need for repairs and maintenance down the line. 

Not all builders offer the same level of expertise and quality - it’s important to take the time to do your research to find one that meets both your budget and expectations. The team at Keir Constructions is the premier building service for new home builds in Townsville and has been awarded “North Queensland’s Most Professional Builder” for five years. If you are looking to build a new home in Townsville, check out our stunning home designs and house and land packages today!

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Disclaimer: The information provided on this page is general in nature and does not constitute financial or legal advice. You should always seek independent professional advice before making any property-related decisions. Keir Constructions accepts no responsibility for how this information is used or relied upon in relation to your personal circumstances.