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Property Market

How much does a house actually cost to build?

21 Jul, 2021

Our Head of Estimating and Procurement for Blackwood Building Company has over 40 years experience in residential construction and shares with us today base line cost consideration, inclusions and why not to rely entirely on square metre rates.

How much will a new construction cost?

A common question we are asked is how much will a new house construction cost? How long is a piece of string? 😉 In all seriousness however, the cost of building a new home will depend on a number of factors including the size, location, design, fixtures and fittings.

In today’s climate, we also face difficulties surrounding availability, supply and demand. Accordingly, the cost of building a new home will vary substantially depending on the specifics of the home and land itself.

We work a little backwards

Fortunately, we have an exceptional estimating and procurement team that can work from your budget backwards to create the house of your dreams. If you’re reading this here, you are likely carrying out some research and have read up on square metre rates. Although useful for average costs, they are not necessarily accurate.

When touring display villages, you’ll hear the base price of the display home fits within your budget! Don’t be fooled however as this can be very misleading, not taking into account the inclusions. Or more specifically what is NOT included in that tempting offer.

This is why we factor in ALL costs for a full turnkey home to ensure you have a realistic figure to plan and build your future.

When we give our estimate, everything is thought through so you know exactly what you are getting. When you receive your keys for the first time, the house is complete and ready to be shown off!

Why do builders offer such a low base price?

In all honesty, it’s a easy way to entice potential clients. Rest assured when you visit us, you will receive an honest, best possible tender factoring in all construction costs and inclusions to complete your home.

Whether it’s our Selections or an Exclusive custom home, we ensure our clients have a detailed understanding of every dollar to take out the stress of building.

Always start with budget

Now don’t get us wrong, the base price can establish a great starting point. We offer an extensive suite of design options packaged both for our own land, or yours! From single level, multi storey to split level residences we have options and inclusions to fit a variety of site conditions and budgets. Best of all, our builds are complemented by an exceptional range of inclusions tailored to meet your individual requirements and preferences.  When it comes to a custom design, whether working with our in house design team or your preferred designer, we too start with your budget. From there, we can work backwards to ensure your vision and funds align. Every aspect of your home to be is accounted for before signing any contract with us.

So please be warned when executing a build contract to ensure it’s a full turn key inclusion! If not, your dream home could soon become an ongoing issue with hidden costs