If you’re considering buying a new construction home in Queensland, there are various considerations that you must keep in mind before making your choice. This includes what type of home to purchase (spec home, semi-custom or custom built). Each option may have unique costs associated with them so it is wise to do your research prior to making any decisions.
Purchasing a brand-new home offers numerous advantages, from reduced maintenance costs and energy efficiency gains to taking advantage of government incentives like stamp duty concessions and first-home buyer grants. There are multiple ways you can purchase new construction – empty lots in planned communities as well as sites purchased directly from owners-occupiers are among them – providing the ideal conditions for new home ownership.
Cost of new construction homes will depend heavily on location and builder; generally speaking, Brisbane is the most costly city for new builds; Sydney and Melbourne follow. Prices can fluctuate significantly based on size of property and quality of finishes.
One of the primary determinants of cost in new home construction is building material pricing. Prices can differ significantly depending on where your new construction home will take place; typically materials comprise approximately 45% of its total costs; labour and services also play an integral part.
Recent years have witnessed construction cost increases due to various factors. Key building materials shortages are one of the primary contributors; their price decline will help bring new homes under construction within budget.
At the outset of homebuilding, the design phase will involve working with an established designer to draft up a house plan tailored specifically to your lifestyle and budget. Once designed, construction begins; working with quality builders ensures your dream home will be constructed on schedule and within your specified budget – this includes foundation construction, floor slab laying, internal wall frames installation and roof truss installations.
Your builder will keep you informed and updated on the progress of your new home throughout this phase, giving you peace of mind as it nears completion and you move in and experience all the advantages associated with owning an exquisite new dwelling.
Metricon offers over 70 double and single storey home designs to meet the unique climate and lifestyle in New South Wales, featuring options to tailor them specifically to you and meet all of your personal requirements. Visit one of our display homes across Greater Sydney region and see how Metricon can make your dreams a reality!