I was sent this about the hidden costs of building, are there any others to be aware of?
The hidden extras of building
There are many advantages to building your own home but there can also be disadvantages and hidden costs that can blow your budget out of the water and leave you stretched and stressed. When building, people often get caught out by what is NOT in their contract. Most people think that grass, light fittings, even a dishwasher are standard inclusions when building a new home when in fact they are far from it, in most contracts.
Here are just a few “exclusions” that you will find you may have to pay extra for:
While some of the aforementioned items may be “included” they are basic and any changes you make to a project builders standard plans all incur a cost. Don’t be afraid to build your own home just ensure that you read your contract carefully and allow extra for “overs” and hidden fees and charges.
- Light fittings & downlights – While some contracts provide for lighting it is usually basic – basic fittings and inadequate coverage. If you want to change the fitting or add more lights expect to pay for it.
- Oven, stove, rangehood, and dishwasher– Yes it’s true sometimes a building contract will state kitchen but it does not include the appliances that go along with it and depending upon your taste these can cost thousands.
- Clothesline – I made this mistake when we last built and when I moved in found that I did not have anywhere to hang my washing.
- Garden shed and slab to put it on – This may not be essential for your lifestyle but it is something to be aware of.
- Slab/pavers for outdoor entertaining area and awning.
- Turf and landscaping.
- Driveway – While you may have a garage in your home design the driveway often isn’t included.
- Insulation for internal walls (if you want it) – If you are having ducted air conditioning put in, this is something to be aware of. Also, if you have rooms close together or are building on a block that is close to your neighbours.
- TV & phone points – Again something that you may think comes standard in a home but it actually doesn’t, especially if you want more then one put in.
- Outdoor power points & provision for power to a shed, pool pump or other outdoor fixture – These are something that are often forgotten and can be hard to install after the fact as you may need to dig up your yard or install new cabling.
- Ducted air con (or at least put the ducts in and worry about the motor later) – If you have chosen to have ducted air conditioning then be careful that you are provided for adequate on and off switches and adequate coverage…. Basic usually means basic.
- House alarm – If you are building a large home be aware that if you are trying to obtain insurance for over $1million you will often require back to base monitoring for fire and security. Wiring is hard to do after the house is finished.
- Data cabling – If you are a bit of tech head and want your home wired then this must be done before your plastering goes up and can be a massive expense.
- Digital antenna – Ensure that you are getting an antenna and one that is suitable for your area. A standard antenna will not be adequate if you are building in mountain ranges.
- Letterbox – Again this is something that I got caught out with and on moving day got asked by my postman where my letterbox was. When I asked my builder he said “oh that’s up to you to get”.
- Security/flyscreens on doors & windows.
- Window coverings – Ever been driving through a new estate and seen house after house with sheets in their windows? That is because window coverings are expensive and NOT included in most standard building contracts.
- Fences.
- Floor coverings.
- Most builders include paint, but they only do the ceiling white and then a single colour throughout (skirting boards, walls, window frames all one colour). They charge extra for multiple colours.
- Power points – While these are usually included they are few and far between and can cost an arm and leg if you need to add more as you may have to break through a wall to install new cabling.