Laz Posted August 19, 2014 Report Share Posted August 19, 2014 If we want to build a 4 bedroom, 2 bathroom, 2 storey house, what kind of budget are we talking? I know it will depend on finishes etc but we would want decent quality. Can we do it for $800k? Or less? Quote Link to comment Share on other sites More sharing options...
annjean Posted August 19, 2014 Report Share Posted August 19, 2014 where do you want to build? Quote Link to comment Share on other sites More sharing options...
Nikkis2000 Posted August 19, 2014 Report Share Posted August 19, 2014 What sort of size block are you talking too? Quote Link to comment Share on other sites More sharing options...
verystormy Posted August 19, 2014 Report Share Posted August 19, 2014 Same as above. You can build a cheapnand cheerful for $650 in a crap area. Or the sky is the limit. All about where, what level of quality you want and things. Quote Link to comment Share on other sites More sharing options...
Druid Posted August 19, 2014 Report Share Posted August 19, 2014 You can build a decent size 4x2 for $200k, you can buy a reasonable size block in a Residential suburb for $350k, and I wouldn't say in a crap area, you have Piara Waters & Harrisdale in the South & Ellenbrook in the north, both are lovely upcoming modern well thought out suburbs, we are building in one of the more expensive areas NOR, on the beach, where a cottage block (under 400 sq/m ) is costing over $400k and the cheapest house you can put on that is $280k due to estate covenants, which makes it a double story, so yes, you can build for $800k Quote Link to comment Share on other sites More sharing options...
Give me a break! Posted August 19, 2014 Report Share Posted August 19, 2014 Are you in Australia Laz? Is there a reason you want a double story? Quote Link to comment Share on other sites More sharing options...
Laz Posted August 19, 2014 Author Report Share Posted August 19, 2014 Are you in Australia Laz? Is there a reason you want a double story? im not there yet but I am originally from Australia. The reason I was thinking two storey is that I'd like to preserve some garden and not take up the whole block with the house. I don't want a huge house... To answer other questions: I'm just talking about the build, and not the block. It would be a big block around 1000 sq m. Does it make a difference where it is? I know where I want to live, whether we can or not I don't know... Nedlands, floreat... Basically just trying to work out whether we can afford to buy a block with a crap house and build, or whether we have to live with whatever house we buy. Quote Link to comment Share on other sites More sharing options...
Laz Posted August 19, 2014 Author Report Share Posted August 19, 2014 You can build a decent size 4x2 for $200k, you can buy a reasonable size block in a Residential suburb for $350k, and I wouldn't say in a crap area, you have Piara Waters & Harrisdale in the South & Ellenbrook in the north, both are lovely upcoming modern well thought out suburbs, we are building in one of the more expensive areas NOR, on the beach, where a cottage block (under 400 sq/m ) is costing over $400k and the cheapest house you can put on that is $280k due to estate covenants, which makes it a double story, so yes, you can build for $800k I'm talking without the land...so just the build cost. I've no idea if $800k is a lot...or not! Quote Link to comment Share on other sites More sharing options...
portlaunay Posted August 19, 2014 Report Share Posted August 19, 2014 Anything with 1000sqm in Nedlands has got to be over $1.5m. Even an asbestos shed would be worth a fortune on a block that size. Quote Link to comment Share on other sites More sharing options...
odies Posted August 19, 2014 Report Share Posted August 19, 2014 Laz you should be able to build easy with $800 do not forget though the land is sold separate .we built a 2 storey all in for around $850 which gives us a garden and space for 2 grandchildren to race around. Not in my ideal suburb but will suit us just fine as it has so many things for us near to . Quote Link to comment Share on other sites More sharing options...
Laz Posted August 19, 2014 Author Report Share Posted August 19, 2014 Anything with 1000sqm in Nedlands has got to be over $1.5m. Even an asbestos shed would be worth a fortune on a block that size. Ha ha...I know. I was loathe to mention areas! I'm not including land/block cost...just the building on it...a modest building! Quote Link to comment Share on other sites More sharing options...
Nikkis2000 Posted August 19, 2014 Report Share Posted August 19, 2014 If it's just the house you should easily be able to build a fairly sizeable house for 800k. We're building a fairly large 4x2 and the basic cost is around 250k before any spec up. I do think you need to consider the land cost as well though as there are massive differences. Like Druid said you build somewhere like Ellenbrook you'll pay 250k for a 350m2 block. Nearer to the city that block will cost more like 340-400k. Out in the country you can get acres for 250k! Also make sure you consider the implications of stamp duty. If you buy the land first and build later you have to pay the SD which only gets refunded as part of the FHOG when you start building. So you end up in the same position you started in - but you have to have the cash to fund it first. Quote Link to comment Share on other sites More sharing options...
Laz Posted August 19, 2014 Author Report Share Posted August 19, 2014 If it's just the house you should easily be able to build a fairly sizeable house for 800k. We're building a fairly large 4x2 and the basic cost is around 250k before any spec up. I do think you need to consider the land cost as well though as there are massive differences. Like Druid said you build somewhere like Ellenbrook you'll pay 250k for a 350m2 block. Nearer to the city that block will cost more like 340-400k. Out in the country you can get acres for 250k! Also make sure you consider the implications of stamp duty. If you buy the land first and build later you have to pay the SD which only gets refunded as part of the FHOG when you start building. So you end up in the same position you started in - but you have to have the cash to fund it first. thanks...really $800k is prob too much for us so it's good to know we can do it for less. Quote Link to comment Share on other sites More sharing options...
Give me a break! Posted August 19, 2014 Report Share Posted August 19, 2014 Some blocks also have restrictions on building size. Bizarrely some will only let you build large houses with no gardens. Not sure if that's relevant when rural or on a huge block. Quote Link to comment Share on other sites More sharing options...
verystormy Posted August 19, 2014 Report Share Posted August 19, 2014 I would say a normally "average" 2 story is going to be about $400k for the build. We are building a single story and it's coming in at about $240k complete. Quote Link to comment Share on other sites More sharing options...
portlaunay Posted August 20, 2014 Report Share Posted August 20, 2014 Ha ha...I know. I was loathe to mention areas! I'm not including land/block cost...just the building on it...a modest building! Fair play to you. When it's built we'll come over with bubbles and watch the boats sailing past on the river then Quote Link to comment Share on other sites More sharing options...
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