Can You Afford the Display Home?
When you visit a Builders Display you will probably be given a price list which quotes the ‘Basic Price’ for the house you are looking at.
Don’t be fooled!………the features you see in the Display Home will add much more to the cost.
The following table provides examples of the cost of upgrades included in Display Homes around Melbourne in 2017 / 8
.
|
Builder |
House |
Base Price |
As Displayed |
Percentage Increase |
|
Henley Properties |
Ashbury 29 | $ 253,900 | $ 307,821 | 21% |
|
Hallbury Homes |
Montrose | $ 277,900 | $ 420,000 | 51% |
|
Dennis Family Homes |
Lakewood 333 |
$ 259,900 |
$ 417,400 |
60% |
|
Metricon |
Metro 325L |
$ 338,100 |
$ 551,135 |
63% |
|
Metricon |
Sovereign |
$ 460,700 |
$ 791,555 |
72% |
|
Burbank |
Osborne 454 |
$ 350,300 |
$ 618,032 |
76% |
|
All figures as published in the Melbourne Herald Sun December 2017- Feb 2018 |
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Additional Costs
In addition to the displayed costs you might have to pay extra for:
- Site costs
- Driveways
- Landscaping
- Bushfire Protection
- Other Upgrades (such as Additional Power Sockets)
To get some idea about how the costs can add up follow this link: What Will It Cost.
Also see
- Choosing a House . . . An E-book to help you buy your new house.
- Selection / Pre-Start Guide . . . An E-book to help you select upgrades.