You may be looking at building a New Home in Brisbane and be confused on what is the best way to approach it. Here are some top tips to consider:
Know the full costs
You have to pay more than just the asking price to build a new home so be aware and factor these costs in: Saving for a Deposit, Transfer Duty (or Government Grant), Conveyancing/Solicitor Fees, Land Tax clearance, Title Search Fees, Mortgage Fees, Insurance, Moving Costs and any ongoing fee such as council rates, water & electricity.
Go for a pre-approval finance loan
Talk to your broker and find out where you sit within your budget limit. Create an action plan by finding all the facts about your finance and documents required to present to a preferred lending institution and understand in real terms what the budget is.
Run a background check on you builder
A builder needs to be adequately licensed in order to do any type of construction work. The license will vary for each builder depending on what they are licensed to build. We show you how to run an online license check and how to ensure the information from the online report of the considered builders, should be able to paint a picture and indicate level of risk involved in building with them.
Consider the elements to a smart & sustainable home
Take a really simple approach by considering the builders design elements. If the home is placed strategically on the land it will work in with the environment surrounding the home, ie: water capture, solar gains and natural breezes. If the home can perform on its own, to reduce heat in summer and stay warm in winter, then you ultimately reduce your costs to run the home.
Comparing your proposed purchase with the display home
What you see in a display home will most likely be a triple upgrade to display the builders best work. Example of some features that may not be included on a standard finishings are: size of tiles, fancy light, tap & door fittings, 6 burner stove, stone benchtops, quality of carpets, bevel or bifold doors, ducted air con, feature walls, landscaping features. Best to ask the builder or cross check the inclusions list on your proposed build with what is being displayed. We show you how to understand inclusions list in the workshop.
Airconditiong as a source of heating and cooling
This is fraught with major ongoing maintenance costs to run the home. With simple design choices you may like to consider: window ventilation, cross ventilation room by room, ventilation through the house based on natural breezes at certain times of the day, insulation where the house could do with more or shading over windows as the sun moves across the house during a day; will all help to create a passive (free) form of heating and cooling.
Thinking this purchase is a forever home
Lets face it, your life will change dramatically over the years and a home will need to change with you. Consider your purchase with strategy in mind, over a long term goal. This will help you to make solid choices such as: not over captilising on inclusions, consider it as an investment into an asset, be strategic in design so the home can cater for various scenarios, understanding the demographic and current valuations for the area.
Hand everything over to the builder to take care of
Organise regular site visits. This may be each month for example. Be engaged in what the builder is doing to make sure you can see this is going along the right track. A contractor that the builder has put on the job may be out of touch with simple components not picked up by the site supervisor. It is better to run your eye over items and ask the question before the changes are expensive to make later.