Money tree. It is an expression you see a lot on the building blogs and forums. I never really appreciated what it meant – until now. It means that building a house is an everyday grab at your finances. Every decision you make has dollars associated with it. It might be a door upgrade of $300. Very reasonable…until you add in hundreds of these small upgrades. Our money tree has taken a hammering. The landscaping will have to wait for the tree to regrow a little bit. I’ve heard even once you move in your still whack the tree a bit more with moving, landscaping, front fence, new furniture. Footpath repair and crossover rectification is a nice expensive one coming up too!
The list goes on.
So where can you save a tiny bit?
- Façades ($5,000-$30,000)
- Flooring options (tiles are the most expensive by a long way )
- Cabinetry (the biggest single cost item)
- Curtains and blinds ($5 – $15,000)
- Heating and cooling
- Kitchen cabinets
- Stone benchtops
Somewhat unforseen costs:
- Rendering of all bricks
- Tree removal
- Demolition costs
- Asset protection permit (council)
- Power pit cost
- Additional plumbing works to reach easement
- Footpath rectification works
- Grand firebox and six metre chimney!