Building a Home - balance desire vs affordability | Nradish.Com

Building a Home - balance desire vs affordability

Building a house cannot be drilled down into one simple price that you can use to calculate your overall costs. There is always a balance between desire and affordability.

Before committing to a process that is likely to be the biggest financial commitment of your life, it’s important to have a rigorous financial health check. Nobody wants to stretch beyond a reasonable reach, even if it is for a dream custom home.

There are a lot of hidden extra costs when building a house and if you don’t know about them then your budget will quickly skyrocket out of control.

It’s easy to get distracted in the excitement of building a new dream custom home. However, be mindful of the additional costs involved in building a new home, such as material theft on site, council/utilities connections, soil not suitable for building that requires adjustment on engineering details(if necessary). Make sure to factor in all these costs at the start to avoid surprises later on.

Your builder will be able to highlight where any added costs are coming from and should also be able to suggest how to bring the cost down (even just a little bit, better the money in your pocket!).

In Closing - Builders and tradespeople are understandably risk-averse and tend to manage risk by using tried and proven materials and practices. Sustainable outcomes often require the use of innovative materials and practices. To avoid problems later, ensure each builder is made aware of your commitment to a sustainable home when they are invited to tender.


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