7 THINGS TO CONSIDER WHEN BUILDING A HOME.
If there is one thing we love doing at Latitude Homes it's guiding our clients through the whole building process, making sure they understand the steps and the costs along the way. So to help you understand the true cost of a new build we’ve made a handy list of those ‘other costs’ to consider for a successful building project.
Before you dive into the list its important to note that you may not need everything on the list and the costs vary considerably. Also know that Latitude Homes are here to sit down with you and guide you through the processes and stages of your new home build. Remember Kiwi’s build with us every day, you can too. Should you have any questions about the below, be sure to contact us.
Now every building situation is going to be different, and so every project is treated on its own merits. So aside from house price alone, it's important to budget for the following costs of a house build in New Zealand.
1. Land - Prices vary depending on size and location but land can cost as much or more than the house price alone in some areas. Other than the land sale price there will be legal costs as well.
2. Building Consent Fee - This is lodged with your local council and pays for the permit to build. The plans for the home and the land are assessed as approved before building can commence. Consent fees aren’t standard and vary per council, they are generally based on a base fee + accreditation levies and also differ for the type of build and the amount spent on the build. Your Latitude Homes builder will assist with the consent process so you be sure that you are paying the correct fees for your build.
3. Soil testing (Geotech) and Reports - This is really important to understand the makeup of the land that you are building on, this report is part of the engineering of your home. Building on unsuitable land will only lead to potential disaster later and this necessary step is for everybody's protection. These reports may already be lodged with your local council by the previous landowner or developer.
4. Structural Engineer’s inspections - Again it's vital to adhere to governmental and building code standards to ensure that your new home can be signed off at various stages of the build. These fees also vary depending on the size of your plans.
5. Site excavation (subject to Geotech Report and engineer’s foundation design) - preparing your site for the style of house and foundations is one of the first visual signs that your build is underway and ensures your home will fit your section. Often referred to as ‘earthworks’ the costs involved will be based on the equipment and staff required as well as the materials required to form the land, i.e retaining walls for example.