Owner building any type of home can be a satisfying albeit stressful, challenge but building a kit can make the process a little easier because the basic plans and many technical details already have been worked out by the kit manufacturer.
The more work you decide to do yourself, the more money you can potentially save. We say "potentially" because correcting some construction mistakes can be expensive. Learning as much as possible about every aspect of your kit-home project before you begin can save you a lot of anguish later on when construction is underway. If you have lots of time, and are self-reliant, patient and a fast learner, you may he able to do much (or all) of the work yourself. If not, you will probably need some help.
If you've got some construction knowledge and ability, virtually all house kits can be built by a homeowner, but if you are a complete beginner and have not had any training, you should probably not go it alone.
Whilst some manufacturers advertise their kits as do-it-yourself projects, the vast majority of homeowners opt to have their kit homes built by contractors. Kit homes usually go up fairly quickly, especially if they are assembled by a professional builder.
Because each kit home project is unique, costs will vary depending on what is, and is not, included in the package and how much of the work you are willing to do yourself.
As a general rule, a kit home package will be roughly one-quarter to one-third the total cost of the finished home. However, it is important to understand that the price of the package is only part of a much larger picture.
Home kits usually only include the materials for the exterior shell of the house. The labour will not be included in the quote. The cost of finishing the interior generally is not included in the kit price either, nor are the costs of land and utilities.
If you decide to assemble a kit home, you will have to convince your lender that you are capable of successfully completing the project. Do this before you buy the kit. Breez Finance will finance up to 80% LVR (loan to value ratio) of the land and home kit.
Expect to spend up to a year building and finishing a kit home yourself.
If you hire a contractor to build your kit home, choose someone who has experience with a factory-built home. Many kit manufacturers can provide you with the names of skilled contractors in your area.
If you want to be directly involved in the construction of your kit home but don't feel competent to manage the entire project, consider hiring yourself out to your contractor as a worker.
Significant differences exist between various kit home packages; read the specifications and the contract carefully so you know exactly what you are getting. Better still, use the services of a solicitor who has experience in dealing with kit home and building contracts.
Kit-home warranties also vary: Some provide lifetime warranties, some offer 20-year warranties and some provide very little coverage.
Some councils may require stamped or approved house plans; be sure your kit home manufacturer can supply them if required.
Most councils require the kit home owner to lodge a bond. The amount will vary from one council to another but could be up to as much as $25,000.
Start the building permit process three to six months in advance of your project to minimise last-minute delays in your schedule.
Transport costs can add up; the closer you are to a kit manufacturer, the lower the cost of transport will be
Be prepared for your kit's arrival; one or more tractor-trailers will suddenly show up, needing to be unloaded and, depending on the type of kit, the house may need to be erected promptly
Provide space to safely store and protect your kit's components from the weather (and possibly from theft)
Arrange the components in a logical order for easier construction flow.
Ensure that you have adequate insurances. A Breez Finance insurance officer can assist you with any questions.
If you would like to speak with one of the Breez Finance officers about finance for your kit home click here