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5 Tips on How to Build A House Within A Budget
Do you think and feel that it is the right time to build your own house but is a bit hesitant because you have a limited budget? Are you wondering if the money you’ve allocated for this project is sufficient to cover the expenses from start to finish?

5 Tips on How to Build A House Within A Budget

 

This is a common question we receive from our clients. And we understand why this is a major concern for many. How do you proceed when stuck with this question?

Below is a guide to keep you moving. Read on.

1. PLAN CAREFULLY

 

“Planning is bringing the future into the present so that you can do something about it now.” – Alan Lakein

 

Planning is one of the most important of any building plans.

 

Sit and carefully plan the following:

 

  • Sketch of the house
  • Wall colours that you like
  • Number of bedrooms
  • Number of comfort rooms
  • Provision for the car park (if you have a car or planning to have one)
  • Type of windows and door
  • Other customisation that you like

 

List down all your ideas.

 

Yes!

 

List ALL OF THEM.

 

Why?

 

It will help you decide on what to include or exclude in the future. That means, not limiting your ideas yet. After all, you are still in the first phase of the building process. So just list everything down.

2. MAKE AND KEEP IT REALISTIC

 

“Reality is that which, when you stop believing in it, doesn’t go away.” – Philip K. Dick

 

Now that you have listed all of your ideas. It’s time to trim it down to reality. As the quote from Philip above states, to stick with reality it should be something that is realizable.

 

We all want a house with rooms for each family member, but with a limited budget, you can easily assess that a 4 bedroom house will not be very feasible. Thus, compromise with a three-bedroom house, with room for an extended room in the future.

 

Focus on the essentials and what’s integral for the family. In this manner, you will have a better foresight on what you should focus on.

3. KEEP IT SIMPLE

 

“The art of being wise is the art of knowing what to overlook.” – William James

 

Now that you have reached the level of being realistic with your goals, add simplicity to your design.

 

How do you make that happen?

 

Start SIMPLE.

 

Yes. Avoid being too extravagant.

 

Remember that you are working with a limited budget. But don’t be sad. The simplicity of your house doesn’t mean it will look that way forever. You can slowly make changes along the way. It’s just, for now, you need to be content with a simple house.

 

What do you need to throw away from your thoughts?

 

These are the expensive interiors and fittings. Rather than forcing you to make these extravagances fit your “budget”, replace it with functional items. After all, you can easily replace these functional items with more luxurious fittings in the future. But for now, you should focus on the minimum needs that your family requires.

 

 

4. PICK AN AFFORDABLE LOCATION

 

Life is a matter of choices, and every choice you make makes you. – John C. Maxwell

 

Choosing a site that needs less scraping and digging will make the building process faster and cheaper. So if you are thinking about sloping blocks, then better choose a different option. Rather opt for a site that’s fit for construction.

 

Here’s some of the new builds we have created for you to check on.

 

Another thing you should consider is the location.

 

Less populated cities have more affordable lots compared to the busier cities in Brisbane. So if you wish to have a huge space but have a limited budget, look at affordable lots for sale on less populated cities in QLD.

 

Here’s another thing you can do If you really want to build a home within a budget. Pick an affordable site location. With less populated cities, you have a higher chance of finding an affordable lot, thus, you’ll be able to build on your own land rather than with shared lots.

 

If you’re having a hard time to find the perfect block, you can ask help from professional builders like Davolyn constructions. We can help you find the perfect location and fit it in your house design.

 

5. GET A RELIABLE QUALITY BUILDER

 

“Reliability is the precondition for trust.”     – Wolfgang Schauble

 

Say “NO” to any random builder. This is your HOME and your DREAM HOUSE, so don’t let just anyone work on it.

 

Do a background check on your home builder of choice to ensure they have the license, registration, insurance. Ask for work references and previous jobs to know if they fit your style and preferences.

 

If they fail to provide any of these, it is best to look for another.

 

Extra Tips: Look for GRANTS

 

If it’s your first time to build your own home, you should know that there are certain grants you might be eligible for. Grants such as the following:

 

Stamp Duty Concessions

 

The first home concession only applies to a home valued under $550,000 and can save you up to $15,925.  Read more.

 

The First Home Owner Grant

 

The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.

 

Under the scheme, a one-off grant is payable to first home owners that satisfy all the eligibility criteria. Read more.

Contact Davolyn Constructions

Do you need help in planning your new home? Let us help you plan it. Send us a message.