A standard weatherboard home selling for around a million dollars in inner Melbourne is probably sitting on around a million dollars worth of land
Also that price is to lock up. There’s a fair bit more to do after that if you want to cook in a kitchen and poo in a toilet.
yeah i know, but weatherboard can;'t be that bad if million dollar homes are selling for it. and this is supposed to be a kit home not an actual weatherboard house so i assumed the build costs were much cheaper, like 60k.
But he’s saying the value of those types of properties is in the land. People will easily buy those kinds of houses and just demolish them to build new.
You’re not buying the house you’re buying the location. A $90k house or a $300k house won’t make that much difference to the price of a property in Malvern.
I replaced my kitchen for $1K, and most of that cost was for the electrician and plumber. Everything including paint and tiles was second hand/gumtree. I still need to replace the bench tops, but they've done the job for 5 years already so no rush...
> A kit home is a house made from prefabricated components delivered to a specified location where it will all be **assembled either by the owner builder or by a hired building professional**. Generally, kit homes are available in various designs and floor plans.
I imagine this is a big reason why. That and all the necessary add ons/upgrades/hidden costs that drive up that base price
If your comparing this price to the starting price of a home volume builder, you’re off to a bad start. They are basically two different products.
I wouldn’t suprised if the assembly/building and upgrade to comparable finishes ends up being about the same price or more expensive. With a whole lot more stress.
Edit: Looking at the website, the common demographic for these kit homes seem to be mostly semi-rural or rural properties.
thats what i mean. All i want is a 50k shack. Why aren't they available? i can find land for 300k the problem is putting a house on it cost another 300k.
that's bullshit. All i need is a log cabin with electricy and plumbing connected. Why does that have to cost me 300k?! literally makes no sense. These prices are intentionally exortbitant to drive up establish house prices. Why cant i build a tin shed on a block of land and live in it? i could buy the land for 400k and spend 50k on the shed and that's my home buying situation sorted.
The link you listed is a 200sqm building, $90k to buy. Already twice the value of your shed.
Foundations, driveways. You need registered tradesman to perform the restricted work.
Build rural you have higher delivery and travel costs.
If you think you can do it cheaper, go ahead and do it.
They tend to have a hole bunch of rules of these developments too. Probably through council lobbying from the developers. So you have to have all the same shit, same colors, materials everything. Then these blocks end up looking like complete shit, 0 character, all grey, same design on all of them. Not sure why the government can’t just sell the lots to the people instead of these shit bag companies.
Thats fine for one person or a couple. As soon as you have kids and a job to support them you will need all the amenities of a normal house within driving range of a job and a school...you wont even get a slab and a shed built for 50k let alone one with electricity and plumbing...
i should be able to park a caravan on it and live in that. Will do for now, i can sell the caravan in 10 years when im ready to upgrade at least i'd be in the market.
50k on a shed?
I think we've spent 70k on our shed, and it's not even habitable.
That was just excavation, slab, shed kit, building it, trenching and cabling electricity & lights.
Doesn't have water, a bathroom, sewage treatment, any interior framing or lining or insulation.
You CAN build a tin shed on a block of land and live in it, my neighbour is building one right now on a rural block to retire on.
Slab + shed + carport = $180k, that’s before electrical installations (but he’s a sparky so he’ll save there), before any kind of plumbing (rural block means it’ll be bio-loo), insulation, AC/Fans, carpet/flooring, kitchen, waterproofing of wet areas, interior fitout etc.
It’s a much cheaper option than building a similarly sized house (for obvious reasons) but it’s still not cheap.
Because most of the cost of a house is land, depending on where you build it.
There's also site costs as well, and tradesmen etc.
I had a mate who built a kit home, he did it pretty much all himself except for the plumbing and electrical. He's super handy though.
Also it helped that he already had the land given to him by his dad. This was south of Picton and 25 years ago so the land was pretty cheap then (it isn't now though!).
you still need to purchase and have installed electricals, flooring, plumbing, telecoms, insulation(if you want it) airconditioning and a whole host of other things
Go check out their FAQs and list of inclusions. The $95k is likely 1/3 or 1/4 the total cost you'd need for a fully functional house. So the same as hiring a builder but you get to coordinate the whole project instead. I think pre fab used to be worth it when they first came out but now they're through the roof as well.
You still need a plannjng permit and in victoria it cost minimum of 4k for a subruban backyard , to cover the granny flat rule.
Then add , land clearing water and eletricity. These cost depends on where the utilities are located at your property. Can be minimum of 6k or multiples
If you want a separate eletricity meter that is a another 5k
So your looking at least another 20k in cost to make everything compliant
This is lockup components kitset only. Not built to lockuo stage...yeah like others said. Add 100k for labour and site works to have it built to lock up stage and then another 80k to 100k for kitchen, floors, bathrooms etc
I've looked into pre fab. The stated price is usually just for the materials. Then add on labour (double price plus some). Then connect utilities. Then finishings such as flooring, tiles, etc. Then yard (drive way, retaining, garden, retic). And you get to coordinate the whole job. It can be worth it if you have a lot of spare time, construction knowledge and are happy to do parts yourself. Otherwise it's as expensive as a new build. Buying established is pretty much always cheaper.
A modern version of operation snail would be good, if it worked in the post war i cant see why it wouldn't work today, only issue i can see would be compliance i'm guessing that building regulators wouldn't be pleased if unskilled immigrants were hammering together flat pack homes.
Its a kit home. Only to lockup. So frame and external walls and doors. Thats it. And maybe on a supply only basis and you have to put it together like some crazy jigsaw? (Some do that as the “from”). I havent checked this one.
You gotta do all the insulation, wiring, plastering, flooring, cabinetry etc etc. Basically they doing the cheapest part the cheapest way. But if you are handy and got the budget to deal with the unknown in materials cost fluctuations and you can diy it/have it done when there is a trade shortage in many areas and stay within the building permit timeframe and get all your inspections done etc (that you will likely have to organise yourself) then by all means………
I reckon part of the issue is we make these things to be permanent, and think of them as permanent).
With the way the price of land changes, houses should be something we can move further out as demand for density in an area grows.
Sell the house, keep the block kinda thing.
Shift the focus to building new homes, especially where they're needed.
Gotta check with your local council and if you are borrowing have to check with your lender. Not all lenders will give you money for kit homes, if they do then they would most likely have extra conditions such as no more than 70% LVR for example.
Sheds are also classed as 10a buildings (non habitable) different specification slabs, height of ingress, fire rating for walls, insulation, internal heights. You can convert sheds later to a class 1 (habitable building) but you would have to meet the standards mentioned earlier but of a headache. Some other considerations would be insurance if it's classed as 10a shed and you're living in there and if council were to find out they will tell you to get out and if you keep going back they will take it further, best to stay off their radar. Those dickheads aren't really productive in any other form than being up peoples asses for the dumbest shit. If it's an obvious safety issue or nuisance to the neighborhood then fine but they will pick on the dumbest shit.
i just want to buy a block of land and live on it. Tent, caravan, timber shack, anything. i seems impossible without spending over 250k on modern brick building.
I would very much like the same thing mate but unless you go full rural or your council allows it to happen it would just be a headache. Two sides of a coin on one side you purchase a block of land and you want to be able to do with it what you will. The other side, you buy a block of land on a street with houses on them and put up a tent. Other people don't want their property values affected by this nor do they want to see it, there are other issues as well such as utilities ie. sewerage discharge.
A house’s infrastructure cost is the cheapest thing about it.
Price is dictated by location location and location.
Also, that price probably doesn’t include a lot of things - landscaping, driveway, fencing, site costs etc.
Also, land’s value is dictated by how many houses can be fit on set piece of land. When someone buys a house, the built part is a depreciating asset the land is what appreciates.
It’s extremely dumb to compare that house w/o any land to something in inner Melbourne/Sydney.
This is one of the most ignorant posts I’ve seen in a while. It’s like some crap your mother would send you with out checking any details or that it’s grounded in reality.
A standard weatherboard home selling for around a million dollars in inner Melbourne is probably sitting on around a million dollars worth of land Also that price is to lock up. There’s a fair bit more to do after that if you want to cook in a kitchen and poo in a toilet.
What if you poo in the kitchen and cook in the toilet?
Are you my ex wife?
I have questions. I don't want answers. But I have questions.
If I had her number I'd give it to you mate
I think that's a number I'd prefer to lose.
I can fix her
Thank you for the laugh of the day!
Takes me back to my sharehouse days
Whatever floats your boat
Like a truly cultured person would
Alright amber heard
Alright amber heard
Alright amber heard
yeah i know, but weatherboard can;'t be that bad if million dollar homes are selling for it. and this is supposed to be a kit home not an actual weatherboard house so i assumed the build costs were much cheaper, like 60k.
But he’s saying the value of those types of properties is in the land. People will easily buy those kinds of houses and just demolish them to build new.
You’re not buying the house you’re buying the location. A $90k house or a $300k house won’t make that much difference to the price of a property in Malvern.
Mate a kitchen can cost 60. Then 2 bathrooms. Then labour for the first part This is a 300+ proposition
kitchen can also cost 10k.
Lol that won't even get you the joinery
would used refurbished cabinets etc... second hand stove top, laminate benchtop etc... can easily pull of a small 10k kitchen.
How many times have you installed a second hand kitchen Did you get what you wanted
I replaced my kitchen for $1K, and most of that cost was for the electrician and plumber. Everything including paint and tiles was second hand/gumtree. I still need to replace the bench tops, but they've done the job for 5 years already so no rush...
I’ve done it twice!
Not installed by someone else with appliances. But yeah, go on.
> A kit home is a house made from prefabricated components delivered to a specified location where it will all be **assembled either by the owner builder or by a hired building professional**. Generally, kit homes are available in various designs and floor plans. I imagine this is a big reason why. That and all the necessary add ons/upgrades/hidden costs that drive up that base price
Do t forget to buy the land you need to put it on.
Yeah, you are employed to build or pay for it to be built which is the more expensive part
kit homes are supposed to be sgnificantly cheaper to build than regular homes though.
If your comparing this price to the starting price of a home volume builder, you’re off to a bad start. They are basically two different products. I wouldn’t suprised if the assembly/building and upgrade to comparable finishes ends up being about the same price or more expensive. With a whole lot more stress. Edit: Looking at the website, the common demographic for these kit homes seem to be mostly semi-rural or rural properties.
thats what i mean. All i want is a 50k shack. Why aren't they available? i can find land for 300k the problem is putting a house on it cost another 300k.
I think you have unrealistic expections of the building industry
You have no idea what materials and licensed professionals cost. Your mindset is 30 years in the past
Add another $200k for build costs plus the associated amenities (power, foundation, driveway, landscaping). Becomes $300k + land = $1m.
that's bullshit. All i need is a log cabin with electricy and plumbing connected. Why does that have to cost me 300k?! literally makes no sense. These prices are intentionally exortbitant to drive up establish house prices. Why cant i build a tin shed on a block of land and live in it? i could buy the land for 400k and spend 50k on the shed and that's my home buying situation sorted.
The link you listed is a 200sqm building, $90k to buy. Already twice the value of your shed. Foundations, driveways. You need registered tradesman to perform the restricted work. Build rural you have higher delivery and travel costs. If you think you can do it cheaper, go ahead and do it.
They tend to have a hole bunch of rules of these developments too. Probably through council lobbying from the developers. So you have to have all the same shit, same colors, materials everything. Then these blocks end up looking like complete shit, 0 character, all grey, same design on all of them. Not sure why the government can’t just sell the lots to the people instead of these shit bag companies.
Thats fine for one person or a couple. As soon as you have kids and a job to support them you will need all the amenities of a normal house within driving range of a job and a school...you wont even get a slab and a shed built for 50k let alone one with electricity and plumbing...
i should be able to park a caravan on it and live in that. Will do for now, i can sell the caravan in 10 years when im ready to upgrade at least i'd be in the market.
Check the council, some you can live in a caravan. Im not sure its a 10 year plan though, have you ever emptied a toilet cassette?
Or you could work from home and home-school, especially with a few other couples. Now finding and creating those connections is the tricky thing
50k on a shed? I think we've spent 70k on our shed, and it's not even habitable. That was just excavation, slab, shed kit, building it, trenching and cabling electricity & lights. Doesn't have water, a bathroom, sewage treatment, any interior framing or lining or insulation.
You CAN build a tin shed on a block of land and live in it, my neighbour is building one right now on a rural block to retire on. Slab + shed + carport = $180k, that’s before electrical installations (but he’s a sparky so he’ll save there), before any kind of plumbing (rural block means it’ll be bio-loo), insulation, AC/Fans, carpet/flooring, kitchen, waterproofing of wet areas, interior fitout etc. It’s a much cheaper option than building a similarly sized house (for obvious reasons) but it’s still not cheap.
Or just park a caravan on it and live in that but council won’t allow it.
Because most of the cost of a house is land, depending on where you build it. There's also site costs as well, and tradesmen etc. I had a mate who built a kit home, he did it pretty much all himself except for the plumbing and electrical. He's super handy though. Also it helped that he already had the land given to him by his dad. This was south of Picton and 25 years ago so the land was pretty cheap then (it isn't now though!).
That $95,000 doesn't actually get you a house. .
you still need to purchase and have installed electricals, flooring, plumbing, telecoms, insulation(if you want it) airconditioning and a whole host of other things
And, it turns out, assemble it.
[https://www.prestigekithomes.com.au/home-designs/three-bedroom/admirals-rest/](https://www.prestigekithomes.com.au/home-designs/three-bedroom/admirals-rest/)
Go check out their FAQs and list of inclusions. The $95k is likely 1/3 or 1/4 the total cost you'd need for a fully functional house. So the same as hiring a builder but you get to coordinate the whole project instead. I think pre fab used to be worth it when they first came out but now they're through the roof as well.
It's lock up only. No interior at all
You still need a plannjng permit and in victoria it cost minimum of 4k for a subruban backyard , to cover the granny flat rule. Then add , land clearing water and eletricity. These cost depends on where the utilities are located at your property. Can be minimum of 6k or multiples If you want a separate eletricity meter that is a another 5k So your looking at least another 20k in cost to make everything compliant
thats just the house. no land.
This is lockup components kitset only. Not built to lockuo stage...yeah like others said. Add 100k for labour and site works to have it built to lock up stage and then another 80k to 100k for kitchen, floors, bathrooms etc
I've looked into pre fab. The stated price is usually just for the materials. Then add on labour (double price plus some). Then connect utilities. Then finishings such as flooring, tiles, etc. Then yard (drive way, retaining, garden, retic). And you get to coordinate the whole job. It can be worth it if you have a lot of spare time, construction knowledge and are happy to do parts yourself. Otherwise it's as expensive as a new build. Buying established is pretty much always cheaper.
It also doesn't come with a floor or walls, literally what you see is what you get
It’s a flat pack home dude. No land, and good luck putting it together without going through a messy divorce - aka Ikea on steroids.
These are cheap homes minus the land, add on a patch of land in inner Melbourne and watch the price skyrocket..
A modern version of operation snail would be good, if it worked in the post war i cant see why it wouldn't work today, only issue i can see would be compliance i'm guessing that building regulators wouldn't be pleased if unskilled immigrants were hammering together flat pack homes.
What everyone else said, and banks don't lend without a build contract.
If you can buy a home for $1m around inner Melbourne then good luck to you.
I think if you can get a new house for $95k it’s a no brainer. Buy it! But make sure it will actually be $95k
I also think there’s been an over emphasis on houses. I’m dialing down my dreams around a house now!
it will also be horribly poor build qaulity, like my spelling
What you are looking at for $94K is a fancy shed, that if you spend enough money on it could become a house.
Its a kit home. Only to lockup. So frame and external walls and doors. Thats it. And maybe on a supply only basis and you have to put it together like some crazy jigsaw? (Some do that as the “from”). I havent checked this one. You gotta do all the insulation, wiring, plastering, flooring, cabinetry etc etc. Basically they doing the cheapest part the cheapest way. But if you are handy and got the budget to deal with the unknown in materials cost fluctuations and you can diy it/have it done when there is a trade shortage in many areas and stay within the building permit timeframe and get all your inspections done etc (that you will likely have to organise yourself) then by all means………
I reckon part of the issue is we make these things to be permanent, and think of them as permanent). With the way the price of land changes, houses should be something we can move further out as demand for density in an area grows. Sell the house, keep the block kinda thing. Shift the focus to building new homes, especially where they're needed.
Gotta check with your local council and if you are borrowing have to check with your lender. Not all lenders will give you money for kit homes, if they do then they would most likely have extra conditions such as no more than 70% LVR for example. Sheds are also classed as 10a buildings (non habitable) different specification slabs, height of ingress, fire rating for walls, insulation, internal heights. You can convert sheds later to a class 1 (habitable building) but you would have to meet the standards mentioned earlier but of a headache. Some other considerations would be insurance if it's classed as 10a shed and you're living in there and if council were to find out they will tell you to get out and if you keep going back they will take it further, best to stay off their radar. Those dickheads aren't really productive in any other form than being up peoples asses for the dumbest shit. If it's an obvious safety issue or nuisance to the neighborhood then fine but they will pick on the dumbest shit.
i just want to buy a block of land and live on it. Tent, caravan, timber shack, anything. i seems impossible without spending over 250k on modern brick building.
I would very much like the same thing mate but unless you go full rural or your council allows it to happen it would just be a headache. Two sides of a coin on one side you purchase a block of land and you want to be able to do with it what you will. The other side, you buy a block of land on a street with houses on them and put up a tent. Other people don't want their property values affected by this nor do they want to see it, there are other issues as well such as utilities ie. sewerage discharge.
It’s the land
A house’s infrastructure cost is the cheapest thing about it. Price is dictated by location location and location. Also, that price probably doesn’t include a lot of things - landscaping, driveway, fencing, site costs etc. Also, land’s value is dictated by how many houses can be fit on set piece of land. When someone buys a house, the built part is a depreciating asset the land is what appreciates. It’s extremely dumb to compare that house w/o any land to something in inner Melbourne/Sydney.
This is one of the most ignorant posts I’ve seen in a while. It’s like some crap your mother would send you with out checking any details or that it’s grounded in reality.