Hidden Costs of Building a House | Budgeting for Building 2021

After building my own home and now helping others in building theirs, as Build and Design Associate for McDonald Jones Homes. I am well aware of the Hidden Costs of Building a House in Australia, so let's take a deep dive into them all now.
Here are 9 Hidden Costs you don't want to forget when building your home. They all apply for NSW, Australia; but most apply for anywhere else you may be building a house.
Don't get caught out, this video will share costs you need to add into your budget when considering building. If you think I have missed anything, please share in the comments!
I hope you had as much fun watching this video, as I did creating it for you!
PLEASE SUBSCRIBE, LIKE & SHARE!
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I also have created PLAYLISTS for you to watch:
1. Home Sweet Home: • Home Sweet Home
2. Achieve it all!: • Achieve it all!
3. DIY's: • DIY's
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UPDATE: After building my own home in 2020, I found a new passion that inspired a career change and I am now working for my builder, McDonald Jones Homes.
❤️ EMAIL: [e-mail]
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#homebuilding #newconstruction #buildingourhome
Please comment if you have any questions ❤️

[@timthelawnmowerman]

Good to see another Gables local here! Closing in on that 1000 subs 👍👌

[@courtneybraz]

Thank you Tim 😄
Yes! So close to 1000 subscribers 🤞🏼🤞🏼 I will be posting more frequently again, so hopefully get there soon.

[@ashzgtx]

Always helpful !

[@courtneybraz]

Thank you Ashfaqur Rahman! I am happy to have helped 😄

[@kadescarcollection5510]

Court you are awesome, I subscribed, keep up the good work

[@courtneybraz]

Thanks Kade! 😄 I really appreciate the support and kind words
Hope your doing well

[@kadescarcollection5510]

@@courtneybraz no worries

[@PNPN09]

Welcome back!

[@courtneybraz]

Thank you so much Premila!
I am delighted to be back and hope these new videos answer some of the questions you have commented previously 😄👌🏼

[@user-rt7lh6oy4q]

Yay! I’m so glad you’re back!! 💕 You’re almost to 1k! 😧😁💖
Edit: You can obviously say no, but do you think a room decorating video?

[@courtneybraz]

Hey LanaGirl Gacha! I'm so glad to be back 🥳
I know 1000 subscribers would be amazing!!
I think that is a great video idea, I will certainly be adding it to my list. Is there any particular room you would like to see me decorate?

[@user-rt7lh6oy4q]

@@courtneybraz Hmm...I’m not sure exactly! 😅 Whatever you think would be best!!

[@courtneybraz]

I have a few rooms in mind 💡🏠

[@jennanorthey9426]

Wow so many extra costs’ your builder sounds amazing, so upfront! Who did you build with?

[@courtneybraz]

They were indeed amazing Jenna Northey. I built with McDonald Jones Homes, they are based in NSW. Thank you for popping by my channel 😄

[@CryptikStudios]

If you already have a house with a decent amount of equity, you can use it’s equity as the 20% deposit to save on LMI.

[@courtneybraz]

That is true and great advice Nathan! Thanks for sharing 😄

[@BlackHawkDown2]

Now with such an unstable market, is it better to build or sell your block and buy something ready-made?? Thanks

[@courtneybraz]

Great question!! 😄
In my opinion, it’s always better to build because existing properties rely purely on market growth which can be much slower and in this market may go backwards. You also risk losing money when selling your block of land.
If you’re smart with building, you can often make a great profit as soon as the home is completed and maximise your return on investment.
Work smarter, not harder 💪🏼

[@leckrazsukhram3624]

In terms Of LMI - it’s good to know that you can potentially get out of it if you are a registered nurse, doctor pharmacist, lawyer , full member of professional accountancy body.. talk to a good broker .

[@courtneybraz]

Wow! That is very good to know Leckraz Sukhram 👌🏼 Thank you for sharing!

[@mimprincesa]

I’m an Rn but didn’t get any special deals re: lmi. ): maybe I had a shitty broker.

[@Ride_on54]

Everyone pays land rates and conveyancing when purchasing a home wether your building or buying pre built