At NHBB, we know building a luxury home in Perth can be an expensive process, but there are many factors that will affect the final price. The cost of land and location, as well as the size of the home, complexity of build and amenities on-site like a pool, spa or tennis court, all play into how much it costs to build a luxury home in Perth. To give you some idea of what you might expect for this type of project we have put together some information about the things that typically come up with each house plan. And while you're here, have a look at some of our amazing home designs and click here!

Building a luxury home is an important investment

What are some other factors that can make a difference in how much it costs to build a luxury home? This post will explore these questions by discussing the factors that influence the price of your new luxury build.

But first, what is a luxury home?

A luxury new home is what you want it to be. It is a custom design built to your specific requirements. It is definitely not a home you have picked from a display village that is built for you by a project builder.  It is built by a luxury home builder that builds unique homes for clients that have a budget just for the actual home from $500,000, excluding all other costs.

A new luxury home is by its very nature one of a kind that fits you and what you want from a home. You will have so much more choice than when you are home buyers.

The cost of your land

The cost of your land and its location is a major factor in how much it will cost to build. It's why you're probably not building on the side of a steep hill or next door to an airport! The more desirable the neighbourhood, the higher the land price. The costs for buying the land includes all the fees and duties and charges such as stamp duty, conveyancing fees, mortgage insurance, to name a few.  The orientation to north is also a big factor. You want to have the living areas facing north as much as possible otherwise the cost to get the home to comply to a 7-star rating can add up.

The cost of your site works

The cost of your site works is a major factor in how much it will cost to build. Site costs include all the necessary earthworks, site clearing, rock or clay removal, new sand to come in, all service connections, drainage requirements, retaining walls, new fences, bonds from shires for trees and verges. Sloping blocks have some extra challenges that may require cranes on site or small lot loads deliveries. All of these are very important to know up front.

It's important to do some research and find out what these can be because they can vary depending on where you are in Perth. Generally, though there would be no need for large retaining walls unless your lot is steeply sloping due to proximity to waterways, or other environmental constraints such as wetlands, which will require approvals from relevant authorities.

Your foundations cost forms quite a big portion of the cost - especially if you get complications with the ground conditions and the type of soil makes the foundations more expensive than expected.

You may even have to demolish an existing house to build a new house on the site. How much does it cost? This cost needs to be added to your budget.

The cost of your home construction

So, how much does it cost? How much will you need to pay? Why can't you just say what the cost per square metre should be? NHBB help you work this estimate out based on your needs and lifestyle, and drawings if you have them yet - click here to learn about our build cost calculator.

What are you building your house with? Brick, steel frame, structural panels, or other structural systems and materials?

Building costs for the actual building change depending on your home design and the size of the new home. This changes the cost per square metre quite drastically.

What is your new home design made up of? Have you decided what you want? How many bedrooms, and do they each have an ensuite? How many living spaces, garages, area for a boat, the list is endless for what you can have on your property. This list is called your Schedule of accommodation. Think about what rooms and functions you want to accommodate in your new luxury home! Each of these adds to your total cost.

It is better to change your mind about your home design before the design is finalised, documented, and is about to be built.  If you vary the design after construction has begun, the building costs and price increase will cost you lots of money.

The cost may also be influenced by what level of quality you need from your home, if you want something basic then this might be less expensive than if you want higher levels like high spec air conditioning and stainless-steel fixtures. There are many design considerations for access with disability requirements - this could add quite significantly to the price including things like lifts which can take up more floor space.

The cost of your fixtures, fittings, and finishes

What level of quality are you going to include in your luxury new home specification? The New home luxury specification is where the quality of the fixtures, fittings, and finishes are listed out by your builder. NHBB can put you in touch with suppliers we recommend getting builders prices, you will see from our testimonials our clients have really enjoyed this.

This cost is influenced by what level of quality you need from your home, if you want something basic then this will be less expensive than if you want higher quality materials in your custom home.

If there are many design considerations for access with disability requirements then this could add quite significantly to the price including things like lifts which can take up more floor space.

The cost to build adds up really quickly with the choice of fixtures. For example- the choice between ordinary glass and double glazing can be huge, not to mention the huge range in price for fixtures such as: light fixtures, air conditioning systems, Bathroom suites, kitchen cupboards, Built-in wardrobes, Plugs and sockets, just to mention a few.

Fittings don't come cheap and this includes things like Free standing kitchen appliances like a fridge, microwave, and washing machines. And floor and wall finishes also vary and can really add to the budget.

The cost of choosing the wrong builder

One of the best ways to keep cost on track during your build is by choosing a builder that works with you and not against you. NHBB knows who is trading well and who you should avoid.

The quality of the builder you pick for building a new home will make a big difference, as good builders can cost more but will be able to do the job quickly and without any errors.

Your builder will have built homes like yours before and so they can quote you an accurate price for everything in it. There are many costs that go into making up the final price including labour, materials, fees - such as council planning fees.

Builders who are cheap for their services may not end up doing such a great job or take longer, which could lead to unforeseen issues. Poor quality workmanship may also lead to further costly repairs.

The cost of building a luxury home in Perth is going to be dictated by what you want from your new property and how much you are willing to spend, but it's clear that the benefits will last for years into the future.

When you are ready to build a luxury new home, it is important that you know the costs involved.  It can be hard to estimate the cost of building a luxury new home in Perth, because we all have different tastes and needs. However, if you are considering building your own luxury home, and you would like more information about pricing on a custom build project, please speak to us first. 

What Tristan Kirkham, Our Managing Director, has to say: "Overall understanding the builder you choose real trading name, how much work they really have on, the location of it, indemnity insurance caps, and is the home getting built by a supervisor or is it a registered builder. This is so important for people building a luxury home.

Power to the home is also something to pay attention too, luxury homes can sometimes use more power for things like induction cook tops, pool heaters, underfloor heating and many more. You only have so much power from the green dome, so knowing this upfront is very important. Upgrading this is very expensive.

You cannot have a building supervisor building a luxury home if they have 20 plus jobs on the go, quality control just will be an issue from our experience."

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