Are you thinking of constructing or purchasing a new home? Why not opt for a double storey home? Generally, developing a home depends on the size and location of your block. However, constructing a two-storey house:
• Takes up less space to construct
• Access to larger living space on the same amount of land.
• More flexibility in designing and developing your home.
• Availability of spaces and privacy between minor and major rooms.
1. Costing and budget for a new two storey home
In order to build or purchase or construct a house, it is important to set an effective budget plan. You can use a “budget planner” system to get an idea of the overall cost of your new homes. You can use that information to compare with the costs of other homes for sale in the same area. Nevertheless, when you are planning your budget ensure not to:
• Expect the overall costs to slightly vary.
• Not to spend heavily on luxurious and aesthetic designing and finishing.
2. Purchasing the land
The prices of land are increasing steadily. Currently, if you purchase a duplex or single storey house in New South Wales chances are 50% of the price of that house is based on the cost of the land.
When you are purchasing a land consider the ratio of the land to house prices. Remember that the price of houses decreases with time while the value of land increases.
3. Site preparation costs
Once you purchase your land, you need to consider the costs to prepare the land for construction. Here are some issues that will require maximum expenditure:
• Demolishing an old house on the property
• Removing obstructions such as trees, boulders and other structures
• Landfilling in order to even the surface.
• Laying the foundation for water, power, gas and phone and sewer connection.
4. House construction costs
When you hire a builder, they offer a list of additions such as the design features and building specifications in the contracts. Do not get dazzled by costly add-ons on the display.
Think it through and ensure to invest in the necessary features before you fit any luxury attachments into your house.
5. Finishing expenses
Plenty of owners forget to pay attention to the finishing expenses of their houses. When you are developing a double storey home in Young, expect internal and external costs to take up 15% of the overall budget. However, if you are considering a luxurious work, this can add up to 25%.
Nevertheless, when planning your budget to shape up the finishing costs, ensure if these items are included in your finishing contract:
• Wall painting
• Additional Lightings
• Landscaping and swimming pools.
• Fences, gates and external sheds.
Generally, these are excluded, however, you should speak with the builders to confirm that and come to a convenient settlement.
6. Choosing the right builder
Do not choose the first contractor you find. Whether you plan to build a two storeys or single storey home in Young, it requires large investments. Therefore, do not compromise on choosing the right builders to get the job done proficiently. Take your time, search and interview thoroughly and choose a builder based on their:
• Insurance and licensing policies
Once you have set the budget, bought the right block and hired the right contractor the real fun begins. Indulge yourself in creativity to design the perfect house.