The majority of people base the cost of their new home on a square metre rate, and you should never, ever trust that. You’ve got to consider the differences in designs, otherwise you’re bound to go over budget. There are all sorts of factors that go into the cost of something other than size or square metres.
When it comes to building your New Custom Home, this applies even more so.
Think about it: Your average home has hundreds of different components.
Furthermore, all of these materials come in different qualities and the way they are massed into a finished house can differ greatly in attention to detail and quality.
Sadly, many people don’t consider these factors and it can lead to heartache after the design is complete and you take it to a builder…
Only to find out it is way over your budget, you can’t afford to build your new home.
Have You Been Wasting All Your Time and Tens of Thousands of Dollars on an Unworkable Design?
It’s far more common than you would think however you can avoid it all by involving a professional builder in the design process.
Be practical in your expectations and make sure your budget is updated after each significant change.
Make sure you dig into the details to see exactly what you’re getting.
For instance, one builder might charge you $1,000 per square meter while another’s price may be $1,700 a square metre.
Does this mean the second home builder is ripping you off?
Not until you look into the details.
Click here to find out the 7 Things you must ask before signing your building contract
You May be Comparing Apples With Bananas
And keep in mind, simple changes to design can have a significant impact on the price
Compare these two designs for example…
They look much the same, right? Both have an internal area of 200 square metres.
The truth, it’s hard to tell which one will cost more at first site however when you dig a little deeper, you’ll discover the second house has a 78% greater wall area and will require more guttering, bricks and metres of gyprock.
In addition to, it will need many more litres of paint and will likely have more windows and doors.
Yes, every house design is different, some are square, some are an “L” shape and others have a variety of shapes and angles.
Therefore, while 5 different houses may contain the same number of square metres, the amount of building materials required for the homes can vary significantly based on the shape.
The bottom line is – Don’t fall into the trap of comparing house prices via square metre rates. Quite frankly, there are too many variables, and you might end up with a banana when you really wanted an apple and vice versa.
There is a very clear-cut process to designing your home without going over budget and avoiding all the traps. In fact, there are seven questions you should ask your builder before committing to anything.