Home Extensions and Alterations

A general cost for an architect-designed alteration may cost between $1,500 and 2,000 per square metre (excluding the cost of the architect, engineer and property surveyor), but this cost will depend on a variety of factors specific to your home. A builder will quote an overall project fee that takes into account various factors, including labour, materials, equipment hire, insurance, supervision, plus a profit margin. Similarly, an architect will quote you a fee based on contract value rather than an hourly rate. Following are some average hourly rates for building professionals

Principal architect $150/hr
Building Designer $115/hr
Architectural draftsperson $35/hr
Chartered builder $120/hr
Engineer $150/hr

On top of the contract price, factor in a contingency amount (around ten per cent of the contract price) - just in case.

Budget Blow-outs - things to watch

Where the money goes
Labour = 60%
Building Materials = 40%
Architect's fees = an additional 10 to 15 per cent of the total contract cost

Save, Save, Save

Danger! Your Wallet is Leaking

Beware the following if you're working on an older home

Source: Brochure from Australian Home Beautiful in association with the Commonwealth Bank

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