Understanding the Cost of Construction vs. Expectations. We all dream big. We all have a vision of how we would like our dream house to look and feel because for most of us it is the biggest purchase we will ever make. With some expert advice, a little strategy and a focus on the most important things, you can build your dream house.

Factors that impact your build cost

1. Cladding choices: The type of cladding can significantly impact your budget, with some options costing up to three times more than others.
2. Large windows and doors: While aesthetically pleasing, they are considered a luxury and can be expensive.
3. Appliances: Opting for brand names can inflate your budget.
4. Kitchen bench tops: Natural and engineered stone benchtops add a touch of luxury but at a price.
5. Tiles: Handmade and oversized or undersized format tiles are costlier than factory-produced tiles.
6. Swimming pool: Adding a pool is a significant investment.

Quality vs. affordability

Opting for cheaper materials might seem financially savvy initially, but they may not withstand daily wear and tear, leading to higher costs in the long run. It’s often better to invest in quality where it counts.

Make smart investments

Invest your budget wisely in areas like the kitchen and bathrooms and create an indoor-outdoor flow. These areas enhance your living experience and add value to your home.

Manage your budget

• Prioritise essentials: Focus your spending on crucial aspects of your build before spending on furniture or appliances.
• Build in stages: Consider completing your project in phases. This approach allows you to achieve your dream build without exhausting your budget.

Allow for the unexpected

Unexpected issues like rot, unpredictable underground conditions, or compliance issues with existing structures can crop up, leading to additional costs. A contingency budget for such unforeseen expenses is vital.

Why a builder should be your project manager

1. Complexity of project management: A professional builder can efficiently manage the alignment of trades, order materials, and ensure the project stays on schedule.
2. Quality and reliability of work: Experienced builders have a network of trusted subcontractors ensuring quality work and adherence to guarantees.
3. Warranties and guarantees: Using your subcontractors might seem cost-effective but can affect warranties and guarantees.

Living arrangements during construction

Deciding whether to live in your house during construction or elsewhere is a significant consideration. You can find our article ‘When Renovating Your Home, Is It Better To Move Out Or Stay Put?’ here.

Managing deadline expectations

• Project start date: Consider the builder’s availability and schedule.
• Council approvals: Necessary approvals can affect the timeline.
• Weather and Unforeseen Issues: Weather and structural issues can delay the project.
• Changes to plans: Modifying finishes or specifications can lead to delays, especially if they require council re-approval.

By understanding the cost of construction with these key areas, you can manage your budget and expectations more effectively, leading to a smoother construction process and a finished project that meets your needs and desires.

If you’re interested in renovating, call us for a chat on 0800 224 628 or email enquiries@cainbuilt.co.nz, and one of our team will be in touch.