Are you planning on building a home in Sydney?

When new home builders in Sydney decide to ditch the rent cycle, there will be many questions running through their minds, including how much does it cost to build a new home in Sydney?

Unfortunately, it’s impossible to nail down an exact price without first knowing many of the variables.

It’s relatively easy to come up with a general idea based on square meters and the latest market data, however. According to a report by PropertyUpdate.com.au, the average square meter cost to build a home in Sydney in 2020 is around $1190 /sqm for a basic build, or $1290 / sqm for something a little more upmarket. (source)

The home’s size, location, type of block, and fixtures and fittings will play a role in the cost. Whether the home buyers choose a custom new home builder’s Sydney service or opt for a project home builder will also significantly influence the price.

Project home builder or custom home builder in Sydney?

Project home builders have a reputation as one of the most affordable means to get into a new home, but the marketing for such properties is often misleading.

The prices advertised for Sydney project homes are the base price and rarely indicate the project’s final cost. When new Sydney home buyers sit down with project home builders, they often discover that the base price will not cover their needs. As they make modifications and adjustments to the plan, the final price is significantly more than the advertised cost.

It’s also important to know that project homes are extremely limited in the choices new home buyers can make. Veer off the plan even slightly, and the costs will escalate dramatic.

Key factors to consider when building a new home in Sydney

The single most significant cost to building a new home in Sydney is the price of the land, with average land prices around Sydney valued at $1,000 per sqm. Other factors affecting the final payout figure include quality, timeframe, design complexity, and site considerations such as land, type of soil, and access to services, such as electricity, sewer, and telephone.

Buyers have a lot of control over many of these factors, but site considerations often leave their hands tied. Sloping land may need to be levelled, and designs may need to be adjusted to accommodate the shape of the block.

Local council regulations can also affect the final design and cost of the build.

Do you know who is building your home?

Project home sellers erecting hundreds of homes a year rely on many different builders and subcontractors. It’s impossible to check references and reliability under these circumstances.

In short, you don’t know who will be building your home, and you are gambling on the quality. You could get lucky, but you could also end up with a home that is plagued with problems.

Build your dream home with Sydney custom home builders

There are many different options new home builders can use to get into a home. However, for building a home that you will genuinely love, with quality fixtures throughout, and a design that complements your lifestyle, custom home builders in Sydney are your best option.

A custom home builder provides more options to build a home that fits your requirements and budget, and you won’t be shoehorned into design options you don’t love. You know who will be building your home and can easily check the quality of their work and reliability by viewing past projects and speaking with previous clients.

When you’re going to be spending the next few decades in your home, you want it to be perfect in every way, and the best way to ensure you enjoy every day is to choose a reliable custom home builder’s Sydney service.