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Home Building

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How To Draw Your Dream Home

House Building Questions You’ve always wanted to ask

by Kayla Mackinnon

Are there hidden costs? When purchasing a home, some government fees and charges are unavoidable, such as stamp duty. Fortunately building a new home means these costs are substantially reduced. When building a new house, only the land component of the sale attracts stamp duty. This can mean real savings of up to $10,000! At Wisdom Homes we are committed to transparency in every aspect of the build process. Once your selections have been finalised we will be able to provide you with an accurate costing of your home. How much deposit will I need to put down? If building on your land, a deposit is made once all your selections for design, inclusions and upgrades have been finalised. At this stage a fixed price siting and tender for the construction of your new home can commence. It is at this time that an initial deposit of $1,500 Vacant Site or $2,500 for a Knock Down Rebuild, will be made so we can proceed with soil testing, contour surveying and site inspections. Don’t worry, we take care of everything including the paperwork! Are there any government grants or concessions for new home buyers? Government grants and concessions can make new homes particularly attractive to first home buyers. A First Home Buyer Assistance calculator can be accessed here, to assist with identifying both eligibility for the grant and expected concessions. How long will the home build take from start to finish? While some factors such as council applications and the weather will have an effect on the length of the build, buyers can expect the process to span around twelve months. Can I change things? At Wisdom Homes, we have an extensive range of new home designs, however we appreciate that every family is different. What suits one, may not suit another. For this reason we can custom and tailor our floor plans to adapt to our buyers tastes and lifestyle requirements. Delays and additional costs can be avoided by finalising selections prior to signing contracts.

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