By Mat Suckling, Director Of Rms Homes
Walking into a display home can be daunting.
There is a very small percentage of builders out there (and by small, I can only think of one!) that actually include everything in a home. And by everything, I mean inside the home and outside the home!
If you are hunting for a price point because you need to meet a specific budget, it is important to know what is going to cost you big money.
For example, a driveway can cost upwards of $4000 for a simple plain concrete driveway. A fence can be the most expensive per lineal meter item!
Right now bank finance is “cheap” – interest rates are low which means, based on historical standards, repayments are quite low.
While changes have occurred they are good ones – forcing people to pay off the principal of their loan while also managing interest is a positive thing.
So, keeping this in mind, it is much easier and more affordable to include the items which will be very expensive for you later.
Be mindful, however, that builders who choose to sell you a shell will charge you significantly more to add in these items later. This is where they make most of their money.
So, when you get seduced by a low ball base price for a 20+ square design, keep in mind that the slab grade they have included in their advertised price is going to need to be upgraded on your site.
If you thought you were getting stone bench tops, think again. And if you want them you will know you are paying for them.
So, where can we avoid all this inclusion heartbreak?
Let’s go back to the start – in the display.
When you sit down with whichever builder after walking through their house, you need to ask a very important question – what is the ‘as displayed’ price?
When they give you the price, ask them if a driveway, a fence, the façade and the slab are included in that base price. Ask the builder if they put noggins behind their toilet and towel rail holders. Ask them how many coats of paint are included internally.
If you expect to pay peanuts for a house, chances are you’ll get one fit for a monkey.
Ask the right questions at the start and you’ll get all the information you need to make a smart decision later.