Browse Forums Building A New House 1 May 12, 2009 12:04 am Due to the raising of the grant in victoria, and probably the continuation of the federal grant (for building), and also due to the uncertainty until now, theres obviously been a massive increase in the number of people signing up to build, and theres clearly going to be a backlog with most if not all the builders. we're still waiting for pre-contracts, and we've already been told we're looking at about 250 days from site start, nevermind the salesman telling us 20 weeks....now i cant help but wonder what else hes misled us about. considering most of us who are expecting to have contracts by june 30th are probably not going to be in our homes until this time next year if we're lucky, are we maybe better off to buy established? if we pull out of the land now we lose about 7.5k and 1.5k to the builder just thinking of options, when we started this process a few months ago i was thinking we'd be in our new home by christmas. Re: Is this a bad time to build? 2May 12, 2009 1:17 am In regards to the time for building the sales people are probably more realistic as we were told 290 days or something and lokoing at most builds they are being done in approx 5 months.... my administrator said they usually just say aslong as the contract says so that they don't get the but you said this etc... I don't really think its such a bad time to build... there musn't be that much of a back log as they started our place today and weren't due to start till the end of this week start of next! 2nd build here we come in Whittlesea! https://forum.homeone.com.au/viewtopic.php?f=31&t=92617 1st Build - Henley - Cooper in Doreen! (2009) https://forum.homeone.com.au/viewtopic.php?f=31&t=17354 Re: Is this a bad time to build? 3May 12, 2009 2:11 am The builders have data for their recent builds. Ask them to show you. My builder showed me theirs (showing each individual house, its address, current building stage and weeks since slab down) for their most recent houses as I was nervous about the build time, and they are currently going from slab to handover in 17 to 28 weeks. I have 250 days on my contract but they said they are expecting to be only about half that, and the recent stats I've been shown have proved it. My builder is not one of the major ones, though it is a subsidiary of one (and the bigger builders seem to have more of a backlog), but it wouldn't hurt to ask yours for their data. At least so you know what timeframe you're dealing with. My tac-home-ter: Been in 8 months! Re: Is this a bad time to build? 4May 12, 2009 4:12 am Lets break this down a bit. The increase to the grant, go to state revenue web site and have a good look. It will be less after the end of June. There are a lot of people trying to get in before end of June but hey, that boat has just about sailed if you aren’t in the system by now. As far as a back log goes after June. I’m sure builders have had an increase in contracts on the back of the grant.. But let’s not forget the economic facts, a lot of people can not get a loan approved, the 105% days are well gone. Rising unemployment and a credit crisis & a global recession. As far as “is this a good time to build” economically, well I wont go into that, but if you are concerned about build time and contract time push them all you can to get it by June 30. No all builders are rushed off their feet now and they will not be in the coming year ahead. Also keep in mind there are some great buys out there for homes that are only 2 or 3 years old. I’ve seen many that are on the market for less than you could build them & that’s a fact. But you cop the stamp duty and get less for the FHBG. You also have to like the home & the location. But I’m sure your going to see a lot more good buys in the next 12 months. Is the 7.5 K you loose from the land contract? I stretched mine out so I could use the soil test as an out if I don’t have a satisfactory contract by June 30th. Cheers KW……… “It's just as unpleasant to get more than you bargain for as to get less” George Bernard Shaw. Re: Is this a bad time to build? 5May 12, 2009 9:45 am I actually think building activity is going to slump for the next 6 to 12 months regardless of the grant sitution. Many people have been pushed in to get the 30 June grant that a significant amount of demand has been pushed forward. Re: Is this a bad time to build? 6May 12, 2009 1:39 pm Zerosignal I actually think building activity is going to slump for the next 6 to 12 months regardless of the grant sitution. Many people have been pushed in to get the 30 June grant that a significant amount of demand has been pushed forward. Totally agree. Demolition August 2009, Construction Started September 2009, Completed December 2010 Re: Is this a bad time to build? 7May 12, 2009 6:19 pm wouldnt it be fair to say theyll be flat out for 6 to 12 months? and then hit the brakes after that when theyve finished all the "30th june" houses? thanks for the replies, it seems theyve given us a standard build time, pity the salesman said 20 weeks to us though, at least now i know we definitely wont be in by christmas Re: Is this a bad time to build? 8May 12, 2009 7:50 pm beattun wouldnt it be fair to say theyll be flat out for 6 to 12 months? and then hit the brakes after that when theyve finished all the "30th june" houses? thanks for the replies, it seems theyve given us a standard build time, pity the salesman said 20 weeks to us though, at least now i know we definitely wont be in by christmas Construction wise they will be busy but sales wise things will be down considerably. Re: Is this a bad time to build? 9May 13, 2009 10:44 pm beattun if we pull out of the land now we lose about 7.5k and 1.5k to the builder just thinking of options, when we started this process a few months ago i was thinking we'd be in our new home by christmas. We stop/started a few times. And came to the conclusion that there really isn't a "good" time to build. If you get passed this you'll feel better. But there will be other setbacks that'll make you feel equally miserable Sorry, I know I didn't help much... Just wanted to say that feeling tired of ready to give up is all part of it. Trying this building gig one more time. Re: Is this a bad time to build? 10May 13, 2009 11:20 pm As far as the contracted build time goes we have also been given 285 days, although anecdotal evidence suggests that things may progress a bit quicker than that. Also of interest is that in the contract they only allow 48 days of weekends in the 285 day total - 48/2 = 24 weeks, so this is possibly a better indication... Cheers Re: Is this a bad time to build? 11May 14, 2009 12:47 am Virgin-builder is absolutely correct. There's always something somewhere in the process that makes people want to give up. Weather it's hassles from the bank / land settlement / site starts / problems during construction. It's normal to have moments where you just want to throw in the towel. But when you finally finish and move in you'll be glad you chose to build YOUR house instead of buying someone elses house. ---------------------------------------- Building the PD Lisbon 24 http://www.porterdavis.com.au/#homeviewer/lisbon/24 Blog of our progress. http://lisbon24.blogspot.com/ Homeone build thread https://forum.homeone.com.au/viewtopic.php?f=31&t=28665 9 19164 Thanks NativeZen! I can't wait to start landscaping, though it's going to be a while away yet. No movement on site yet as of the weekend. Hoping to see some earthworks… 3 2150 You might be able to apply to divert the sewer at your expense. In NSW you would contact a Water services co-ordinator and they would give you advice as to whether or not… 1 12920 |