Where is that money tree?

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)
  • Appliances
  • Curtains and blinds ($5 – $15,000)
  • Landscaping
  • 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
  • Driveway
  • Footpath rectification works
  • Grand firebox and six metre chimney!

moneytree

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