One of the most common questions you may find yourself asking as you go through the process of choosing a builder is “Why is this quote cheaper than that one?”
Instead of making yourself go cross-eyed from trying to read the fine print, we’ve broken it down for you and listed at some of the biggest factors that influence the price of building your new home and the things you need to look for when comparing quotes.
1. PC (Prime Cost) Items: These are items that are pre-selected for you based on a certain allowance, such as bricks, tap-ware, lighting, etc. It’s important to check firstly that each quote has adequate allowances made for these PC items and secondly if you’re comparing quotes – does one quote include cheaper brands, or base model items? Like, is that a Fisher & Fakel dishwasher?
2. PS (Provisional Sum) Items: These are things that include labour such as earthworks, painting, or joinery installation. Unless you’ve watched a few too many episodes of The Block and are planning on doing all of those things yourself (uh, where did you get that bobcat?) then your quote should provide an accurate estimation of how much it will cost for both the materials AND labour for these items.
3. Inclusions: This is extremely important! If you’ve decided to get quotes from more than one builder and you notice a huge variation in the prices, the first thing to do is take a look at what they have actually included in your quote. The differences can be smaller things like a mailbox (still, very important to be able to get those Domino’s vouchers!) or a clothesline – all the way up to the big things like turf, fencing or a driveway (yes, seriously!). Print your quotes out and compare them thoroughly to make sure you’re being quoted on the same amount of inclusions.
4. Structural Methods and Quality: Did you know that even the soil your house is built on could affect the price? Yep! Before your house is built accurate soil testing needs to take place, and this is usually handled by an engineer. Different soil types will determine the different types of footings that your home needs – for example, black soil with lots of movement is going to need a more expensive footing system than red soil with less movement. Plus, a timber house on stumps is going to need different footings to a concrete slab home.
These are all things you may not be aware of initially but can actually make a huge difference to the price of building your new home! A good builder will help you go through these costs right from the beginning so there’s no surprise “extras” invoice down the track. Need help with a quote for your new home? Give Carl a call today on 0413 045 575 or email at email@example.com
Need help getting that pesky red soil out of your white socks? Good luck with that.