Have you calculated your total budget, including legal fees, the cost of the land, land evaluation fees, rates and taxes, stamp duty, site works, landscaping and moving expenses?

Do you qualify for finance and, if so, how much are you able to borrow? Find out if a bank, building society, mortgage broker or an independent financial adviser is the best option for you. The Australian Securities & Investments Commission website,, is a great resource for people who need more information or advice about home loans.

Have you allowed an extra 15 per cent to cover any unplanned additional expenses such as price increases or changes to your plans after building has commenced?

Are you eligible for any financial assistance from the government to build your new home, such as the First Home Owner Grant Scheme (all states), the First Home Bonus (Vic), benefits for building in regional areas (Vic and Qld) or stamp duty concessions or exemptions,

You're reading a preview, sign up to read more.

More from BuildHome

BuildHome2 min read
Having It All
Awash with sunlight and offering expertly integrated interior and exterior living spaces, Preston House isn’t just tailored to fit the young family of five’s current lifestyle needs. It’s been designed for maximum flexibility, ensuring the spaces wil
BuildHome3 min read
Endless Allure
Fondly referred to by the folks at Rosewood Homes as their “Glamptons” design, the Liana is a stylish Hamptons-inspired residence for those who want a little luxury in their lives. The spacious open-plan design and abundance of bedrooms and living sp
BuildHome3 min read
Superlative Style
Inspired by the luxury homes that dot the southern shores of Long Island in New York — better known as The Hamptons — the architect-designed Boston 36 from Clarendon Homes is an abode of superlative style. Not only does it boast four bedrooms and thr