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HOW MUCH DOES IT COST TO BUILD A HOUSE

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 HOW MUCH DOES IT COST TO BUILD A HOUSE

Building a house is a wonderful way to make your dream house in your dream location a reality.

You can choose any design you want and customise it, you get to choose the location and decide to build an eco or a smart home to invest on your future

However, how does it cost to build a house in 2020? It is convenient to build during a pandemia?

A hard question to answer as there are many variables to take into consideration.

There are a number of different factors that can impact the cost of building a house, including but not limited to:

  • the size of the dwelling
  • the location and availability of resources the slope of the land
  • the quality of the fixtures and fittings

The starting price to build your home is one thing but the overall cost – a “turnkey” package – will be considerably more as it means that you can just turn the key and walk inside with everything done, including landscaping and driveway.

The reason why a “turnkey package” is a better choice is because these “starting from” prices usually only include the basics.

According to the Australian Bureau of Statistics, the average sqm rate for building your home in Australia in December 2019 was $1,393.55. 

With the average house (again according to the ABS) being around 230sqm, that equates to around $320,000 but that doesn’t take into account factors like where it will be built, the size or cost of the land and whether it’s level or sloped, the level of finishes selected or even the desired timeframe.

There are a number of other things not taken into account in that figure including design, planning permits and site works, not to mention unforeseen cost blow outs.  Depending on where and what you’re planning on building, these costs can add up to

An architecturally-designed house on the other hand – a one off design for a specific block of land – can start at around $3,000 per sqm and could go up to over $5,000 per sqm.

The quality of the finishes in the home will influence the overall costs. 

Higher quality materials and products will naturally cost more and often require more skilled tradespeople.  And optional extras like a pool, landscaping, fencing, etc all need to be considered when working out a budget.

The block of land that you choose can add significant cost to the overall price.  A level block of land is, naturally, an easier site to work with as little or no excavations will be required.  However, this type of site often doesn’t provide much in the way of views or breezes.  A sloping site on the other hand can provide both of those things but will also probably require more extensive site works such as cutting and filling to provide a level building site, as well as retaining walls. 

Of course, there is the option to raise the house onto poles to negate some of the slope but this again adds costs to the build.  In the end, the building site itself will dictate a lot of the overall house design, which in turn will affect the overall price to build.

Other factors such as bushfire or flood risk, council overlays such as Heritage or Character (meaning you must adhere to certain design guidelines) and the connection or otherwise of services (sewer/septic, town water, electricity, gas, etc) will also affect the cost.

Careful research and budgeting are the keys to successful building, as well as being clear on what you want before signing a building contract as changes once a build has commenced can be costly.  Seeking the assistance of a professional consultant, such as Drake Home Consultants, can help to ease the stress and keep you informed.

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