Expert shares six dos and don'ts for those building a home
BUILDING a new home can be a complex process and there are many ways people can get caught out.
The builders at WoodLinks Village, Collingwood Park, have put together a list of the dos and don'ts to help you build innovatively, timely and within budget.
DO: Be aware of comparing apples to oranges when shopping for house designs
It is exceedingly difficult to compare houses from different builders to determine which is better value for money. At the end of the day, pick a design that you like within your budget that ticks as many boxes as possible and get on with it.
DON'T: Set unrealistic construction time-frames
Ask about build times, how many projects your builder will be handling and ask for client references. The last thing you want is to be told your house will take six months, and it then ends up taking two years.
DO: Understand plan dimensions
Floor plan dimensions and areas can be calculated in different ways and builders often indicate floor areas to give the appearance that their design is larger than the competitors. All this makes it difficult for buyers to make a fair comparison between different builders' designs.
DON'T: Fail to shop around for finance
People shop around when looking for the right builder but they don't shop around for a good mortgage broker. This can cost you in the long run. There are many ways to secure a home loan, and some lenders are more cost effective than others.
DO: Know 'turnkey' isn't always accurate
A true 'turnkey' house package should be ready to rent or live in, including a TV antenna, clothesline, floor coverings, wall paint, window treatments and rear landscaping. Ask for a breakdown of all the inclusions and make sure everything you need is included in the turnkey package.
DON'T: Over-spend on fittings
Don't be tempted to spend more on the fit-out than is really necessary. Instead, try to think like an investor and only upgrade on items if they add to the value of the property.
Tip for saving money - If you want to save a few dollars, you could try organising your own painting, landscaping, installing carpets and flooring, and installing blinds. It saves you money in the long run.