Building your dream house is an exciting time as you are finally creating the home you and your family deserve. This life-changing experience is not without its stresses, however, as the cost of building a luxury home can quickly become a burden for those that are not prepared. There are several factors to consider and budget for when building a home, including the location and size of the property, the complexity of the build, and any finishes you want included.
The cost of building luxury house is greater than building a traditional home due to their grander design and more extravagant finish. Luxury homes typically feature more expensive materials and furnishings to boost their visual appeal, which contributes to the overall price tag. The builders you choose will also contribute to the cost of the build, making it important that you go with a team you can trust and rely on to deliver the luxury home you desire.
If you’re searching for the luxury builder Brisbane relies on for market-leading builds and service, call us on (07) 3171 2142, send an email to info@collcon.au, or make an enquiry through our contact form.
What to Consider in the Cost of Building Luxury House
Location
Location is everything when it comes to owning a home, whether it is being surrounded by stunning views or living somewhere where you feel like part of the local community. This means that the location of your planned property will greatly affect the total costs, as more desirable locations fetch a greater asking price. When choosing where to build, it is important to balance your need to be in a prime location versus your overall budget.
Size
The bigger the property, the bigger the cost of building a luxury home. A single-storey home will cost significantly less to build versus a two-storey home, making this an important factor to consider when planning your budget. This is also true for larger homes in general, as the total cost will scale depending on how many rooms are planned for your home. When building additional bathrooms, the extra cost of plumbing and installation services also need to be considered.
Design Complexity
When designing a luxury home, it is important to create a property that feels uniquely yours. Whether it is an architectural style that suits your diverse taste or additions like a home theatre or tennis court, the cost of the build will grow the more complex the design gets. Custom-designed homes are likely to involve additional engineering costs and design fees, making it vital that you budget for this before going all in on a custom home.
Materials and Finishes
The materials and finishes you choose will impact the total cost of building a luxury home, with luxury options bringing a bigger price tag. Whether you wish to have marble flooring, elegant finishes, or cutting-edge appliances, prepare to pay a premium. It is impossible to put a price on the delight these luxury additions will give you and your family, so it is worth budgeting for these inclusions to ensure your home is the one of your dreams.
Labour Costs
An under looked aspect of the cost of building luxury house is the cost of labour, as it is necessary to hire expert builders who possess the necessary skills and experience to bring your planned designs to life. Paying less for labour risks hiring builders who are not fully qualified or certified to handle the complexities of your build. The right builders will also be able to advise you on securing the relevant permits for your build.
Work with Our Luxury Builders Today!
At Collaborate Construction, we are the Brisbane building company locals rely on for exceptional service and high-quality custom builds. Whether you are looking to build a luxury home or want to renovate your existing one, our experienced builders will give you the beautiful home you deserve. Access our contact form, send an email to info@collcon.au, or call us on (07) 3171 2142 to arrange a consultation with our team.