- Know your market. The completed project should not only suit your needs but be spot-on with future buyers.
- Make sure your house is structurally sound before you start. Have it independently inspected because termites, rot, old wiring and old plumbing could easily add $25,000 in unforeseen extras.
- Make sure your design concept is top-notch – do not compromise on this.
- Make sure the working drawings are detailed and accurate. This will minimise costly variations.
- Don’t use expensive fittings and fixtures.
- Make sure your builder and subcontractors don’t substitute your pre-agreed building materials with cheap alternatives – this could significantly reduce the quality and safety of your property.
- Your construction system must be economical. Decisions about brick veneer, lightweight materials and framing all have major cost implications.
- Your room sizes should be efficient – this is more valid nowadays as we all move towards a more environmentally sustainable culture. Your rooms should aim to maximise natural light and ventilation whilst minimising the use of energy.
- Try to obtain a minimum of three prices for all works. This could save you thousands in the long run.
- Your contract should have a “liquidated damages” clause, which penalises the builder for time delays
Source: apimagazine.com.au