Your first home is more than just walls and a roof. It’s the beginning of a lifetime of memories – birthday parties, Christmas lunches, weeknight dinners in front of the TV. Building your first home should be an exciting time, so the last things you want to be thinking about are the hidden costs lurking in the fine print and catching you off guard. To help you avoid unwelcome surprises, we’re breaking down some of the most common unexpected expenses and how to plan for them so you can look forward to moving into your new home with confidence and peace of mind.
Land preparation costs
One of the most common unexpected costs is the preparation of the land itself. Depending on the size and condition of your plot, you may need to factor in costs for clearing, levelling, or even soil testing before construction can begin.
If the land is sloped, or there are trees, rocks, or other obstacles that need removal, these tasks can add up quickly. You may even need to factor in the possibility of hiring specialists for things like erosion control or drainage, which can further increase the costs.
How to avoid it: Land preparation requirements can vary drastically within Geelong, from sloped, hilly areas like Highton to the flatter, more predictable expanses of Armstrong Creek. Before purchasing land for your first home build, get a thorough assessment of the plot’s suitability for building. An experienced builder like Enso Homes can advise you on land preparation costs, identifying and addressing potential issues early so that you’re not blindsided by unexpected costs during construction.
Upgrading fixtures and fittings
When designing your first home, it’s easy to get carried away with choosing high-end finishes, from luxury flooring to designer kitchen appliances. While these upgrades may seem like small additions, they quickly add up, especially if you’re not keeping track.
What might start out as a few premium items can soon turn into a Kardashian-level home build. Upgrading from standard tiles to marble or opting for luxury cabinetry, or even smaller details like high-end lighting fixtures, can send your budget soaring.
How to avoid it: Have a clear vision of what you want from the beginning and set a realistic budget for upgrades. Prioritise what features matter most to you and where you’re willing to compromise. Enso Homes offers expert advice in selecting materials that match both your vision and budget. Our homes are designed with inclusions that feel luxurious, but those who crave a little extra flair can choose from our medallion range of inclusion packages. Our packages mean that you can account for those lavish upgrades early in your budget.
Changes During Construction
As your first home build takes shape, it’s natural to want to make adjustments. Whether you want to shift the kitchen island a little to the left or add an extra window to the dining room for that perfect morning light, the additional labour and materials can add up faster than you’d expect. Of course, you want things to be perfect for your first home, but the more changes you make during construction, the more you risk delaying your move-in date and stretching your budget.
How to avoid it: While it’s completely fine to request a few adjustments along the way, avoid frequent changes of mind during the build. Try to be as clear as possible about your vision before construction begins. Take the time to consider your design and floor plan upfront and communicate your expectations with your builder. The more detailed and confident you are from the start, the smoother the process will be, and the less likely you’ll have to make costly, last-minute alterations.
Council and Permit Fees
Many first-time home builders forget to factor in the costs associated with obtaining necessary permits and approvals from local councils. In Victoria, these permits are not just a formality, they’re a legal requirement. These fees cover things like zoning, building codes, environmental impact assessments, and other requirements that ensure your home is safe and compliant with local laws. In some cases, you may encounter unexpected costs if the council requests changes to your design or additional assessments during the approval process.
How to avoid it: Well, you might not be able to avoid this one, but you can certainly plan for it. Take the time to familiarise yourself with the council requirements in your area. Partner with a builder who understands the local council processes and can guide you through the associated costs.
Maintenance and Repairs
Even after settling into your first home, you might encounter a few surprising expenses related to maintenance and repairs. Maybe you’ve found a squeaky floorboard, or the dripping tap in the ensuite is keeping you awake at night. Put simply, maintenance is part of homeownership and it’s important to set aside some funds for when repairs arise. This way, you can make sure everything keeps running smoothly and enjoy those quiet moments reading at night without worrying about flickering lights overhead.
How to avoid it: Choose a skilled, reputable builder who can ensure that high-quality materials and workmanship are part of the construction from the start. Read some online reviews and talk to friends to find a builder that suits your needs. Experienced builders like Enso Homes will make sure your first home is built with longevity in mind. After you move in, we also provide 14-day and 3-month check-ins to answer questions and arrange a warranty inspection, guaranteeing that you’re 100% happy and your home is in top condition for years to come.
Final Advice
As a general rule of thumb, it’s a good idea to set aside around 10-15% extra beyond your initial budget. This financial safety net ensures any surprises, big or small, won’t disrupt the memories you’ll make in your new home. By being aware of the hidden costs as they arise, you can plan ahead, avoid financial stress, and enjoy your new home with peace of mind.
Whether you’re after a custom home or an off-the-plan build, Enso Homes is here to guide you throughout the entire process, from initial planning to the final touches, making sure you’re prepared for unexpected costs along the way. Get in touch with us to work with expert builders who are committed to keeping you informed and supported every step on the way to building your legacy.
