Originally Posted by myshirt
A good rule is to take the square footage of the new build, and add a zero to it to get a realistic budget for kitting out the house. Floors, furniture, etc. Of course you could do it cheaper and you could do it more expensive, but ballpark the square footage plus a zero is a reasonable estimate and budget for you to work off.
1,400sq feet = 14 grand
I stand corrected so lads! Seen a house going in Clonsilla, and albeit it is a show house, there is 70 grand on top of the selling price of the property right next door with similar site size. I'll revise my guidance to saying add a zero to the square footage and multiply by 1 and a half.
Or I'll just say nothing! 70 grand is off the wall, but definitely an indication that you'd need 30k for a house like that.
This is significant for a FTB. Hard enough to get the deposit for them, but despite that you wouldn't be long seeing another 20 grand go into the house.