Cost to build a House

If you are looking into building a new home with MOJO Homes, it is ideal to have an estimate of costs that you will need to consider when looking at the budget for your build. Many factors need to be considered both during and after the home building process is complete. 
Factors including the cost of land, location, size, labour and materials all need to be looked at when building a new home. The impact of COVID, which first entered our life nearly three years ago, has put pressure on pricing for all of these elements.

COST FACTORS 
LAND AND LOCATION 

The price and location of land is a large contributor to the overall cost of building a home. The price of land can vary State to State and Suburb to Suburb. Terrain and the condition of the land being built on also has a big impact on the cost to build. 
MOJO Homes offer a range of house and land packages in highly sought after locations that can help streamline the process of finding suitable land for your build. 

Symphony 35 on display at HomeWorld Thornton 

SIZE

The most common factor that will determine the final cost of your home is the size. Home designs with multiple living areas and numerous bedrooms will naturally cost more. Determine the right home design for you by reading our tips on choosing a home design to suit your specific situation. 
Speak to the construction loan specialists from MyChoice Home Loans who offer a Free Financial Health Check and a range of home loan calculators so you can work through a range of scenarios before you start your new home journey. They have access to loans from a wide range of lenders removing the stress of getting your finance sorted.

Barrington 46 on display at Old Pitt Town Road, Box Hill

MATERIALS

The materials you select in your build will also have an impact on the final cost of building a home. MOJO have a no smoke and mirrors approach with a focus on no nasty ‘extras’ or surprises, so you can discover a real price, right upfront. 

Enigma 46 on display at HomeWorld Box Hill
 

LANDSCAPING

In all of the excitement of planning your new build, landscaping can often be an afterthought. Including landscaping into your home loan is a must. You don’t want to get to end of your build and be left with a beautiful home...and dirt. Landscaping costs can vary depending on what you are after. When planning your finance for landscaping, the creation of a Landscape Plan allows you to manage and breakdown the cost of each element within your design. Driveways, fences and letterboxes should also be considered as a part of this budget.