Main Building Costs that form the Contract Price
Posted on August 12th 2023
These are the main costs factors that form part of the Contract price.
Base price This is pretty much the size of the home, M2 of floor coverings, Lm of cabinetry, Number of Doors, robes, etc. It is also the Standard inclusions, So this should take about a little over an 1 hour to understand. All base prices and standard inclusions are different for each builder, so therefore require a detailed analysis to see what is what. We usually start with our Display home specifications as it’s a clearer & transparent method to help clients visualise what they are being priced on.. Also much easier to remove & add items while walking through home.
Site Costs: Site cost related items, We can provide a quote for a house to go on a perfect block, but some blocks will carry with them certain obstacles and regulations that need to be met, so therefore extra work. There are literally hundreds of reasons and regulations that pop up that will cost you extra money, we have tried our hardest to identify all of them, and so therefore, we need to spend about another hour to go over all of these potential items. You will learn what they are for and how much they might cost. If you think you know about this already, think again, because we are still learning things every day, and we still get asked when something does pop up “Why didn’t you tell me that might happen”. Explaining these costs is also a good chance for us to get to know your block.
Optional Extras / Changes over and above Standard inclusion If you change the floor plan or design, then the M2 of the floor coverings will change the Lm of the cabinetry will change, the number of doors will change and so therefore, extra – over and above comes into play, you may also want upgraded air cons, Fireplaces etc. All of this can be discussed in a second meeting.
Colour Selections This is where you will need to set a budget, because nearly every product can get upgraded a number of different times. We will work alongside you to ensure the ranges being presented fall with proposed budget.. & if you do decide to go something a bit fancier, then you’ll be informed of potential extra costs after we discuss with our estimating team.