The Budget - Owner Builder Club
Owner Builder Budget

Imagine how disappointed you’d be if you got halfway through your build and ran out of money?

Or worse, you need to sell an incomplete home because it’s near impossible to fund the finish?

Not ideal right?

Well, that’s why we believe thinking about and being realistic about the associated build costs is pretty damn important.

Having the right money mindset upfront is smart. Planning and allowing for unexpected extras is even smarter!

So where to begin?

Let’s start by getting your head around the types of costs involved in a build.

1. Actual building cost – anywhere from $1,300 to $3,500 a square metre
2. A 5% to 15% contingency fund (the higher the better)
3. Professional services fees – architect, surveyors, inspectors, engineers,  council fees, various application fees
4. Finishes and fittings
5. Lending fees
6. Owner builder Insurance
7. Any tools or equipment
8. Storage, removalist costs (if renovating)
9. All the extras to make it a home such as furniture, a letterbox, landscaping and artwork

 

A Budget Planner

We've developed a pretty in-depth (possibly overwhelming at first sight) and professional looking Budget Planner tested by real life owner builders.

To grab a copy simply CLICK HERE, it's FREE!

It's not too early to start populating the planner. Plus, this planner will be brilliant when/if it comes to getting finance.

 

Cost Calculator

To help you get an idea of an actual cost to build, here's a handy tool that will generate a cost for you based on the type of home you want to build.

Click here to go to a Cost Calculator!

NOTE

Cost will also vary depending on whether you're doing some of the work yourself or have a friend/family member offering mates rates.

BIG TIP

When it comes time to get quotes, be sure to understand what’s included in ANY costing. Always ask the relevant trade this question – what’s not included in this cost?

BIGGEST TIP EVER

Set your budget before you commit to doing an Owner Builder project!

Thinking about becoming an Owner Builder? Unlock your potential with key insights to make an informed decision. Gain the knowledge and confidence to start your journey with clarity and certainty ✅

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