The real estate properties in Sydney cost higher compared to the other cities in Australia. Recent reports revealed that nine out of the ten most expensive houses sold in the country in 2020 are all located in New South Wales’ capital. But it is still possible for you to get hold of affordable project homes in the city built by reputable project home builders in Sydney.
Project homes are more affordable to build due to their volume. However, some people are still unconvinced about the quality of the structures because of the low prices. Here are several reasons why project homes are cheaper than custom-built ones to help you consider this option.
Number of Houses Constructed
Custom builders usually work on fewer houses at a time, which means that they do not have the advantage of getting bulk discounts from construction material suppliers. It also prevents them from maximising their labour costs. As a result, the overall costs of their projects are costlier compared to project home builders.
Companies that handle project home construction are wired to provide a higher number of houses at a lower cost without compromising the quality of the structure. It also allows you to enjoy all the benefits of living in Sydney without having to break the bank.
The Construction Process
Aside from the materials used in constructing the project homes, the prices of custom-built houses also increase because of the building process. It needs a team of experts working with each other to put the plan into a reality. First, the construction team must include an architect to create a building plan based on your ideas. Then the plan must be evaluated by local regulators to ensure the integrity of the structure.
Other essential members of the construction team include the structural engineer, cost estimators, engineers, interior designers, and the contractor. It may also include landscape architects and construction managers, depending on the size of the project. The professional fees of these individuals can add a high cost to the budget. Meanwhile, project home builders in Sydney offer all-in packages that cover the labour, materials, and professional fees for their products.
Actual Home Samples
Project home builders can show you samples of their works through their display homes that you can visit anytime. It means you can have an actual feel of the house before purchasing the home.
It is one of the advantages the project home builders possess compared to custom builders since the latter can only present drawings of plans and 3D images of the structure. As a result, you may have to add more features to the building after the construction if it does not meet your expectations.
The Construction Site
Most of the time, project home builders consider the kind of block to construct their construction projects. They usually avoid uneven sloping or unusual shaped blocks to reduce the tasks they need to do during the construction. Working with a custom builder is more feasible but more expensive if your property is within a narrow or sloping block.
Buying a home in Sydney requires a huge financial investment, especially if you have a limited budget. But if you will find a trustworthy project home developer in the city, you will be able to possess a residential property in the city without having to spend all your savings.