The best time to build a home was yesterday, and the second best time is today. Year after year, industry pressures, new regulations, and inflating labour and material costs continue to push the price of new builds up. You are not going to be able to build a house as cheaply as you can today. But investors are still going for it. It’s no-brainer given the tax incentives, high returns and lower running costs.
The thing is, if building is easy, everyone would be doing it. The journey towards a new build is plagued with uncertainty and extraneous circumstances that are often beyond your control. Here at Keith Hay Homes, we have some helpful solutions and suggestions for investors who are in the market to build new:
💡 Clearly identify all the potential hazards and building challenges of the section early in the planning process. Council GIS is a tremendously valuable piece of resource. You will find information such as flood areas, overland flow paths, coastal inundation and public drainages. If you are a novice at doing your own due diligence, contact one of our home consultants for a free site feasibility study.
💡 As much as possible, build on pile foundations because it minimises potential flooding and coastal zone issues.
💡 If you are not experienced with obtaining consents, outsource it to the pros. Here at Keith Hay Homes, we confidently manage the entire consenting process for all of our clients because we enjoy good relationships with Councils and planning experts around the country.
💡 A fixed-price contract. A true fixed-price contract goes a long way to guaranteeing certainty and transparency. We disclose all of the fixed and variable...
