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Things to know before you build a new home

If you’re ready to take the leap into home ownership and build a new home, you’re in for an exciting ride. So many Australians dream of opening the door to their new home and beginning their life, rent free!

As with any major purchase, there’ll be a few anxious times. That’s perfectly normal. Just remember, don’t be afraid to ask questions. To get you on the front foot, we’ve put together a list of everything you need to know before you build a new home.

One crucial element to remember when building is timing. If you don’t ask the right questions at the right time – it could be too late to change anything. Keep reading to find out how you can make your venture into home ownership as smooth as possible.

Choose your builder

This is an ideal place to start for many reasons, especially if you’re a first home buyer. In a sense, a good builder will do a lot of the initial legwork for you.


Once you know your financial situation, you’ll be able to decide what type of home you can build and in what suburb. A good builder will help you navigate through the minefield of banks and mortgage lenders and set you on the path to finance approval. 

Qualified builder

Like any big purchase you make, you’ll want to look at who’s behind the product. Do they have a good track record? Have they been recognised and awarded in their industry? Choosing the right builder can save you a lot of headaches in the long run. 

Planning stage

Once you’ve chosen a builder you’re comfortable with, and you know how much finance you have available, you can start looking at your house and potential land options. 

House design

If you know the amount of space you’ll need – four bedrooms, two bathrooms, two-car garage – you can explore the range of home designs available online and go and visit the display homes. If you find that you like a specific part of one home and other parts of another home, ask your builder how you can customise your home. 

Customizing your home

Some builders offer customised designs so that you get exactly what you want. That means, if you want to move a room or add a bedroom, you can. Choosing a custom builder also means that you can position your home to suit the block of land, allowing you to maximise natural heating and cooling.

House and Land

If you want to take the hassle out of searching for a block of land, talk to your builder about a house and land package. Your builder will expertly select the perfect house to fit the shape of the block. With the builder doing all the hard work, all you need to focus on is where in Melbourne you want to live.

Cost of building your home

Your builder will outline how the cost of your new home is worked out. Essentially, it comes down to these key factors:

  • Site preparation costs
  • Size of your home
  • Multi-level or non-standard sizing
  • Fixtures and fittings

If you purchase a set design and decide to make changes, be aware that extra charges may be added.

Adding your style

Your home may come with certain inclusions however, if you decide that you want to choose a different benchtop, that’s perfectly fine. It’s your home, so you should be able to select the products you want. Ask your builder if they have a showroom where you can view all your product options. It’ll save you from spending your weekends visiting display homes. 


One of the most important things to remember when building a new home is communication. That means communication between yourself and the builder and between you and your family. You can never raise an issue too early. 

Hopefully, we’ve been able to ease any concerns about the building process and help you with your decision-making process.

For a more in-depth understanding of the building process, contact Opulent Finance today.