It is a great and an exciting moment when you decide to build your dream home, here are some tips will help you avoid hidden costs and keep things on track.
Not all homes are created equal
Don’t let builders dazzle you with the cheapest estimate they can put in front of you. When shopping around, ensure you are making as direct a comparison as possible.
Beware contracts with a long list of ‘estimates’ and ‘TBA’s’. To avoid a blow-out in costs, ask for a fixed price.
Leave no stone unturned and ensure you have information about every cost. Keep an eye out for clauses such as ‘pending soil test’.
Watch out for builder promotions offering big discounts and bonus inclusions.
Remember, if it sounds too good to be true, it often is. Look for real value.
Don’t be distracted by extravagant display homes. Some builders won’t even construct many of the impressive features they have on show within their displays. Ask if they will build the home ‘as displayed’ and provide you with a fully itemised cost.
A new home should comfortably meet or exceed the six star minimum energy efficiency ratings.
Be wary of builders who charge you extra just to meet the minimum standard
Some builders will create a level home site on your block for the house, but leave the backyard steep and un-useable.
A good builder will consider your needs more carefully – a user friendly backyard is important for lifestyle.
If you have any other questions please feel free to call us on 0487344352 for an obligation free service.
Disclaimer: The Information is general in nature and does not take into account your particular investment objectives or financial situation. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and is not an invitation to take up securities or other financial products or services. No decision should be made on the basis of the information without first seeking expert financial advice. Your full financial needs and requirements would need to be assessed prior to any offer or acceptance of a loan product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.