Diving into the deep end of building a home can be stressful, especially if you’re not confident in your budget or how much you’re expecting to spend. Getting approval for a loan is exciting, but you don’t really want to put all of your eggs in one basket and stretch yourself thin. To make sure that you get the keys of your new home and get to enjoy it rather than despise the fact that it cost you so much, you need to be prepared in the early decision-making stages.
Homeowners often worry about the unexpected costs that come with having a property (or building one), but that doesn’t mean many hiccups and unnecessary expenditures can’t be avoided – in fact, they’re easy to avoid. With some careful evaluation and research, you’ll be able to build a home that not only suits your budget but can be even more affordable than you expected.
Know Your Land
The first step in budgeting for your build is understanding your lot of land. If you haven’t purchased your land, there are many factors to consider before doing so. What is the size of the land? Is it sloped or flat? Are there any restrictions or obstacles on the land? Will it benefit you to pick a house and land package instead? Depending on the area you purchase land in, it’s good to understand what Council requirements you need to abide by. Examine your land as best as you can to keep unwanted surprises at bay.
Select Upgrade Packages
Walking through a display village can capture your heart, but many display homes are built with upgrades that are not included in the base price. Be sure to ask what you will get and what you’ll be expected to pay if you want the extra bells and whistles. With New Edge Homes, our Standard Inclusions are a standard above the rest – it means that you will get more with the base price of the home. For added value, we also have a selection of Upgrade Packages that can save you thousands of dollars off the retail price. Ask one of our friendly sales experts about what’s on offer.
Research Additional Wants
Think about what you and your family would like from a new home. How many bedrooms? Do you want an alfresco to entertain? A quality stone benchtop in the kitchen? Maybe a large walk-in wardrobe? Whatever your expectations are, prioritise them and work out the additional costs for each feature. As mentioned above, you may find more value in opting for an upgrade package that will work with your budget.
After prioritising your wishlist, work with your budget to eliminate the features that are least important to you. It’s essential to compromise on what purchases you make for your home otherwise costs start to add up, often unknowingly. There are a limitless number of additions that can make your house more luxurious, but be realistic about what will make you comfortable both in lifestyle and repayments.
Speak To Our Sales Team
Building a brand-new home should and can be an enjoyable experience – you just need the right builder! Let us help you take the stress out of the unknown and contact New Edge Homes. Not only are our prices affordable, but we also have an expert team who will give valuable advice on how to build a double-storey house that suits your budget. Visit newedgehomes.com.au today.