New Home Build Timeline. What you need to know.
Events / Mar 18
The decision is made, the time is right, you are going to build a new home! Need to know what’s involved from here? Check out this timeline to give your plans a kick start.
The decision is made, the time is right, you are going to build a new home! And, just like any major life event – planning a wedding, awaiting the birth of a child, teenager graduating – there is a journey involved. The more you know about the building timeline, the better, so you can manage expectations and importantly, put some plans in place to make the most of the experience.
1. Discovery and research
Exploring display homes, meeting builders and walking across blocks of land are important steps in the research phase of your new home journey. Building a new home is a significant investment, so it makes sense to be diligent about reviewing your options and consulting experts. Most builders have very sophisticated websites, with interactive experiences so you can experiment and make the right decision to suit your needs.
2. Compare quotations
You will quickly collect a mountain of information along your discovery trail. The key is to devise a system to personally rank each option according to your priority list, so you don’t get too lost! Each builder will have a different set of inclusions and a seasonal promotion on offer. Comparing them side by side to check what works for you will give you a clear picture of what is available for your budget.
3. Secure your decision
Once you have made your decision, whether that be for a home on your land or house and land package, you will need to pay a deposit to the builder to secure the price, start date and promotion. It is worth understanding whether this deposit is refundable and what other terms and conditions are involved.
4. Agree on the detail
Depending on individual builder processes, you may be invited to a product selection appointment to choose the upgrades, colours and finishes for your new home. Most builders will have an interior stylist to help you with your selections, but it does pay to have some ideas on the ‘look’ you are going for. Once your selections have been made it is time to sign your building contract and get the construction process started.
5. Watch your home evolve…
It can take up to 12 months to build a new home, depending on various factors such as building size, design complexity, developer requirements and even the weather can make a difference. The key stages of the process are: site preparation, base stage, frame stage, lock-up stage, fixing stage, completion and settlement, which all correspond to the stages as outlined in your signed building contract.