No matter if it’s to build your dream home or simply increase the value of an existing property, custom-built designs are an effective way to get results you desire. When considering these options, be sure to select a builder with experience designing and building homes within budget constraints.
According to the ABS, building a new home in Queensland typically costs $2,600 per square metre including land costs; however, costs may rise if using higher-end materials or designing with an unusually complex plan. Also consider development fees which could add several thousands of dollars onto your bill.
There are a range of factors that contribute to the cost of building a custom home, from land selection and design choices, through inclusions, to payment terms. Below are some of the more prevalent ones:
Land: Building on more expensive land tends to cost more, since its infrastructure requirements such as sewerage lines and power lines will increase costs significantly. Selecting a location close to amenities and services may help lower transport expenses significantly.
Material: The cost of materials such as timber, steel and bricks will depend on their quality and type. Cement and plaster may also vary greatly in cost depending on where your build takes place – labour and transport costs often being cheaper in rural locations compared with city centres.
Labor: Hiring construction professionals for your project will typically account for anywhere between 35%-60% of its total costs, with electrical, plumbing and painting work accounting for much of this amount. Concrete contractors and painters typically represent significant labour-related expenses during homebuilding projects.
Additional factors that can impact the price of home construction in Brisbane include planning fees, development charges and land rates. Development fees charged by councils can add thousands to the overall costs.
An extensive plan will help minimize unexpected expenses and delays, and provide a better idea of what your completed home will look like, helping ensure it fits all of your needs. It may also be worth conducting some research into government grants and concessions that could be available. First Home Owner Grant can be an excellent way to ease the initial financial strain of purchasing a new home, so it’s wise to find builders offering competitive prices without compromising on quality or workmanship. Integrity New Homes stands out as one of the premier builders in Queensland due to their clear pricing practices and established track record of meeting deadlines and budgets on time. Reviews leave glowing testimonials regarding how effectively they communicate costs and expected timelines to clients.