Episode 16: Site Costs Explained
17th July 2023 | 56m 55s
Site costs are one of the most confusing and complex components in new home construction. In this episode we explain what site costs are, how they work, what they are made up of and ultimately help you understand why they vary between every block of land. We begin the episode with a short and sharp summary for those that want only the basics, and then we move into the more detailed explanation for those of you wanting to learn a bit more.
Watch or listen to episode 16 on:
Liking the show?
Please leave us a 5 star rating on your podcast platform and share the show with others - thank you.
Got a question, topic idea or feedback?
Drop us a line here
Timestamps:
4:05 - Short, sharp, simple explanation of the 3 basics of site costs
5:45 - What is fall?
7:04 - What is fill?
8:27 - What is soil classification?
10:10 - Why builders are taking a risk when providing site costs
11:40 - How are site costs determined by a builder upfront?
16:16 - What are fixed site costs vs a site cost allowance? And what is excluded?
23:30 - What is a soil and survey test? …and who does this and what’s the benefit?
27:27 - What is an easement? …and what other items can impact site costs?
32:00 - Slab types and soil classifications explained.
38:16 - Retaining walls explained
42:47 - Slab types continued
45:40 - Drainage requirements explained
49:30 - Top tips for those looking at site costs
Download this helpful document about how to maintain your foundation to prevent damage to your home. This document was originally published by the Victorian Building Authority.