Are you planning to build a new house in Queensland in 2023? If so, you’re probably already aware that the cost of building can be pretty high. The price of buying an established house is to the roof these days, so the building can be an excellent investment if you do your research.
But don’t despair – some tips from home builders in Brisbane can help keep your costs down and ensure that your dream home is within reach! Read on for more information about how to get started with building a new house in Queensland in 2023!
Livit Construction, a local home building expert, offers the following five top tips to save money when you’re planning your build:
1. Consider a less expensive home design. Look for ways to reduce labour costs by choosing a smaller, more straightforward home design than you initially had in mind.
2. Choosing a straightforward block to construct will simplify your building process. Ensure the block is flat, clear of debris and near any services such as water and sewerage.
3. Go for a more petite, simple home design. This will save costs and reduce the energy your house needs to function, reducing energy bills in the long run simple build. A modern home design with a flat roof and floor-to-ceiling windows can help reduce energy costs. A small block of land and a simple form can also add to the savings.
5. Shopping around for materials is essential – don’t settle for the first price you’re quoted. Take your time to find the best deals and shop around for discounts. You can also choose second-hand materials for some parts of the build if they’re still in good condition. Cheaper alternatives can be found, but ensure they meet building regulations.
5. Consider a modular home design. This can reduce costs and speed up construction times. A modular home can be constructed in a factory and then transported to your block of land, meaning construction time is significantly reduced.
6. Opt out for basic finishes. You don’t need to install high-end finishes in every room of your house – basic and functional are good enough! This will reduce your overall cost significantly.
7. Consider engaging an experienced builder with a good industry reputation and a proven track record. This will ensure your home is built to the highest standard that meets all relevant building regulations.
These tips from your local home builder, Livit Construction, should help you keep costs down when planning to build a new house in Queensland in 2023. Don't hesitate to contact us for expert advice on approaching your build cost-effectively.
The Housing Industry Association's chief economist, Tim Reardon, reported that construction costs rose 20% in 2021-22 but are likely to increase only 5-7% the following year. Thankfully this means prices won't continue their recent rapid ascent, and buyers will be able to experience some respite in the form of slightly lower construction costs in 2023. However, the land cost is still expected to increase significantly over the next few years, so planning and investing this into your budget is essential.
The cost of building a house depends on various factors, including the size and complexity of your design, the quality and type of materials used, the cost of labour, and the location of your block. To calculate the cost of building a house in 2023, consider all of these factors.
However, the fundamental equation for computing the construction expenses per square metre is as follows;
Cost of building = area of plot multiplied by construction rate per sq m.
The best way to get an accurate estimate is to speak with a professional home builder who can advise you on the best approach for your build. They can also estimate current market rates and materials availability to help you plan accordingly.
How much does it cost to build a 3-bedroom house in Qld?
Constructing a three-bedroom residence necessitates an approximate expense of $1300 per square metre for a weatherboard house built on flat land and budget materials. This means a three-bedroom home of about 150 square metres would cost approximately $195,000 to build in Queensland.
For high-end finishes in full brick, the cost ranges from $1600 -$1900 per square metre, so a three-bedroom house of the same size would cost around $240,000 -$285,000. It’s important to note that there is some variance in cost depending on the size of the house, materials used and any extra features included. It’s also worth considering that a larger home may cost more, but it can work out cheaper overall due to economies of scale.
Building a two-story home is usually higher than a one-story house due to additional construction costs, like ensuring the upper floor is structurally sound. However, it can be more cost-effective in the long run as you can maximise your land usage and acquire two levels of living space for the price of one.
On average, building a two-story home in Queensland with basic finishes will cost about $150-$200 per square metre for a weatherboard house and up to $250 per square metre for an entire brick property.
For accurate information on the cost of building a three-bedroom home in Queensland, it’s best to consult a professional home builder like Livit Construction. At Livit, we understand the expenses of building a house and can help you plan a cost-effective build. We can also advise on the best materials and finishes for your budget. Contact us today for more information. We look forward to helping you build your dream home in 2023.