Building New Home

New home would suit most of all families with open budget, number of children and stable income. If you want to build new home in Metropolitan area of Melbourne you will be looking typically for a price range of $600-$900K. Some builders - like Orbit Homes and others - offer land and house packages from $350K, however it will not be a premium location.

You may benefit from modern design, 5 star energy efficiency of new home but if the budget is limited, you will have to move into outer suburbs. That usually means need to build new links in local community, uncertain quality of schools and other social issues.

New Home Bulders

Once you decided to build new home your next step is selection of a new home builder. You will be looking for suitable designs, price range, location and also for reliablity, experience and service. Your most safe bet will be with established company that has a good reputation. Some of new home builders are: Orbit Homes, Burbank, Hotondo.

Example of New Home

Orbit Homes offers Esperance 27 - a 3 bedroom, 2 bathrooms house with study and garage. It was designed for today's busy lifestyle. The Esperance offers wonderfully spacious open plan design. This bright home is extremely practical, perfectly proportioned and stylish. There are several design touches that maximize natural light.

You will get plenty of kitchen storage, huge walk-in pantry that services the large and practical kitchen.

Such a new home can be built in Craigieburn, Cranbourne North or other suburbs under $350K.

Building House Extension in Backyard or Up

Home extensions in backyard would suit families with lower or not very stable income and having 5-10 metres of free space at the backyard. Your home extension can grow up as a second level or deep. Along with the home extension in backyard or up you might chose to renovate your bathroom or update kitchen.

Typical home extension in backyard or up will cost $100-350K. When chosing a builder for your home extension in backyard or up, you will look for relaible local builder specialising in home extesnions with good references. It is very important that your provider has valid builder's license.

Some companies specialising in building home extensions in backyard or up are: Supa Group, Duncan Thompson, French and Sawdust Pty Ltd, Extension Unlimited, Estruct Group.

Building Home Extension - Advantages

• Can recover all of the cost of the home extension in backyard or up when you sell
• Cheaper to build home extension in backyard or up than purchasing new house
• You can create own design for your home extension in backyard or up without the expense of a whole new house
• Building home extension in backyard or up is the smartest way to add space to your house

Building Home Extension - Disadvantages

• Can loose money because you still may not recover the full cost of the home extension in backyard or up when you sell
• Emotional costs because you can't tolerate having work crews in your house six days a week, noise, dust, and constantly dealing with the contractor.
• Additional running costs because more space means higher heating/cooling costs and more house to clean.
• Less space at your back if you do home extension in backyard. You will lose backyard and this is space that can never be recovered.

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