Demystifying Site Costs: A Deep Dive into New Home Construction

By: OpenLot.com.au | 19 Jun, 2024
Demystifying Site Costs: A Deep Dive into New Home Construction

Ep. 16 | Site Costs Explained

 

In the latest episode of "The Home Building Hub," hosts Colin Bischof and Darren Brennan take listeners on a journey to unravel the complexities of site costs in new home construction. Site costs, often deemed as one of the most confounding components, are thoroughly examined to provide clarity and understanding for all levels of curiosity.

Beginning with a concise summary, Bischof and Brennan outline the fundamental components of site costs, offering clarity for those seeking a quick overview. From fall, fill, to soil classification, the hosts delve into the factors contributing to the variance in site costs across different plots of land.

Throughout the episode, Bischof and Brennan explore the inherent risks faced by builders when estimating site costs, shedding light on the factors that necessitate flexibility in pricing. Understanding how builders determine site costs upfront offers valuable insight into the intricacies of budgeting for construction projects.

Distinguishing between fixed site costs and site cost allowances, the hosts clarify the nuances that can impact budgetary planning. Additionally, they delve into the significance of soil and survey tests, providing a comprehensive view of potential considerations. Whether you're a novice or a seasoned builder, "The Home Building Hub" episode serves as a valuable resource for navigating the intricacies of site costs in new home construction.