Understanding Common Building Quote Terms: A Guide for Homeowners

By: OpenLot.com.au | 25 Jun, 2024
Understanding Common Building Quote Terms: A Guide for Homeowners

Ep. 14 | Common Building Quote Terms Explained


Colin Bischof and Darren Brennan, hosts of "The Home Building Hub" podcast, continue their mission to educate listeners about the intricacies of building a new home. In the latest episode, titled "Understanding Common Building Quote Terms," they dissect essential terminology to help homeowners navigate the construction process with confidence.

The episode kicks off with the hosts' familiar banter, welcoming listeners to another insightful discussion. Colin and Darren emphasise the podcast's role as an educational tool, cautioning that while it provides valuable insights, it should not be mistaken for legal or financial advice. They encourage listeners to seek professional guidance tailored to their specific circumstances.

Moving into the heart of the episode, Colin and Darren dive into a range of terms commonly encountered in building quotes. They cover everything from "squares" and "square metres" to "facade" and "base price," providing clear explanations and examples to demystify each concept.

Colin elaborates on the significance of "squares" in measuring home size, while Darren delves into the intricacies of choosing a facade that suits individual preferences. They stress the importance of understanding the base price, which encompasses the cost of building a standard home design with included specifications.

The hosts also shed light on terms like "site costs," "contingency," and "wall on boundary," offering practical insights into factors that can impact construction budgets and timelines. They highlight the role of building surveyors and building inspectors in ensuring compliance with regulations and quality standards throughout the construction process.

One term that sparks particular interest is "price protection period," where Colin and Darren explain its significance in safeguarding homeowners against price fluctuations due to delays in land readiness or construction commencement.

The episode concludes with a discussion on "orientation" and its impact on home design and energy efficiency. Colin and Darren stress the importance of maximising sunlight exposure to create a comfortable living environment.

As the episode wraps up, the hosts preview the next instalment, which will focus on deciphering contract drawings—a topic sure to pique the interest of listeners eager to delve deeper into the technical aspects of home construction.