Browse Forums General Discussion 1 Jan 24, 2012 9:10 pm today i signed the official contract to purchase my block of land. i engaged a solicitor to do the conveyancing. then i went to council to check up on a few related matters. suffice to say, im still feeling a bit uneasy about the whole process. i got conveyancing quotes ranging in price from just over $1000 up to $1800. one solicitor told me i wasnt eligible for the stamp duty exemption (but i am). then i get a quote on soil testing. this is in the order of $1000. next the projected rates for each half year is approximately $2200. and to cap it all off, my financial broker now tells me that i cant do owner builder because the bank wont lend me the money. i think i have to get a builder in even though im more than capable of doing the work myself. i seem to recall sitting on my previous yacht/s and speaking with people who pass by on the docks about the cost of boating. most people seem to think that boat ownership is overly expensive. let me tell you that im am almost certainly in shock mode with the costs of obtaining a block of land and subsequent home ownership. its frightening. doing it alone, also makes it an ardous undertaking...just saying. bernadette Re: in deep water? 2Jan 25, 2012 6:13 am My daughter wasn’t allowed to go owner builder either with the bank. They make it so hard for people now. I think the yachts sound a better way to go…….. Good luck! Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: in deep water? 3Jan 25, 2012 9:18 am Congratulations on taking the steps into buying a block - well done! From reading others post on this forum there is a chance you can get owner builder finance if you shop around & do plenty of homework and paperwork and get costing estimates from various places... go to the banks yourself and find out if any will lend you money rather than just asking your broker (who may not be affiliated with all banks). Also, there are plenty of expenses that go with building a house, that is a given but there are also heaps of added cost when you purchase an established home that have to be considered e.g. stamp duty, convayancing, moving costs, etc. Do as much homework as you can - owner building a house is a full on commitment. When you say you are more than capable on building it yourself, are you in a trade or you mean you can project manage?? As far as the price difference in convayancing - if you owner build your home, you will realise quickly that cost variations (sometimes massive) go with every trade and good that you get for your home. Best of luck. Re: in deep water? 4Jan 25, 2012 9:05 pm hello and thanks for your comments i build traditional timber yachts. so i have the skills to build a house. however i will most probably get qualified people in to do the plumbing and electrical (of course) as well as the tiling (as i want a super good job there), and lay on the roof. otherwise the rest i will do myself. i am building a steel frame home about 3' above ground and it will have a timber fit out. i intend on using as many eco freindly products as possible. pity about the steel frame though! the mortgage broker says i need a 30% deposit on a loan from the bank to do owner builder. anyhow, ive decided to not go ahead with the house right away as im not ready to get stuck into it. heck! the ink isnt even dry on the land contract yet. and the gain of the $17,000 in grants i qualify for, would have been lost at the other end with the price of labour to a qualified builder. i am finding that there is a lot that goes into a house (which is all so very new to me) that it gives me a headache just thinking about it. i want to enjoy the process of building the house, just like i have done with the yachts i have built, so im going to take my time and do it my way! i will save my money for now and build as i get the funds. that way i can really have a fun time which is what life is all about 18 74713 From what I know about water tanks (I've been working with a client on them for a few years now) is this - The concrete can last a lifetime if they don't crack for some… 2 6475 4 7895 |