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Browse Forums Building A New House  03 Aug 2007 23 Junior Member 1 Aug 05, 2007 5:20 pm Would love to know more about the building process...we have picked a house design we love, just waiting for some suitable land to become available in our chosen area...then what??? A step by step guide would be great!! We have not built beofre and don't know anyone who has recently so we have no idea where to start... Re: Building Process 2Aug 05, 2007 5:43 pm Write yourself a list of what you want - i.e. how many bedrooms, a home theatre, a walk in pantry et cetera. What matters to you. Then scour the internet for floor plans and walk through a thousand display homes and you will eventually get an idea of what you want it to look like. Be open to new ideas! Re: Building Process 3Aug 07, 2007 6:49 pm  CooperWould love to know more about the building process...we have picked a house design we love, just waiting for some suitable land to become available in our chosen area...then what??? A step by step guide would be great!! We have not built beofre and don't know anyone who has recently so we have no idea where to start... Very high level: 1. Get the land first - you need to have enough $ for both land+construction, make sure you leave some "buffer" with the mortgage 2. Finalise all your details with the builder, pay some deposit, get soil test & surveys done 3. Go through council approval 4. Start construction... It's not a simple/easy task! Re: Building Process 4Aug 09, 2007 1:34 pm My two cents worth!
Step 0 to be added on to the previous: Get budget together first, and make sure you stick with it - it's very easy to get caught up in the moment adding extras you may not necessarily need. Make sure you get a loan that has the weekly/monthly repayments you can afford, and don't forget to take into account a buffer for interest rate rises. After 2 false starts, a year living overseas, two more world trips and 3 years of uncertainty we are now starting the build process again - hopefully for real this time! Re: Building Process 5Aug 09, 2007 3:14 pm  muzzmanMy two cents worth! Step 0 to be added on to the previous: Get budget together first, and make sure you stick with it - it's very easy to get caught up in the moment adding extras you may not necessarily need. Make sure you get a loan that has the weekly/monthly repayments you can afford, and don't forget to take into account a buffer for interest rate rises. Hey Muzz, I have taken the exact opposite approach. We decided on the area we wanted to move into, and then looked for a knock-down opportunity. Have now made that purchase, but the house is still livable. Therefore we were able to fully borrow against the purchase and offset the interest against my taxes. With the rent, it works out to not cost me that much over cost neutral. Then in the meantime, we can work out exactly want we want, and then when it is priced, we can see how long it will be before we can afford to take it to the next step. If it is in within a reasonable time frame, in my case, about 12-18 months, then we can stick with the plan. If not, then perhaps a revision is necessary. I guess you could call it reverse-budgeting. In my case, I did not want my "final plunge" to be something I thought I skimped on in 15 years time. No home blog yet, but you can check out my World Cup 2006 one in the meantime at http://aussieworldcup.blogspot.com/ 03 Jun 2007 831 queensland Gold Member Re: Building Process 6Aug 25, 2007 1:11 pm good advice stick to a bugdet and thing do you really need the extras do you really do the stack doors etc.My self I donnot get any extras in the home I am building only the basics as the builder can charge alot more.I really want the spa in ensuite but they would have been a extra 5,000.We decided we would pefer to but the money towards the pool. Yes, I have submitted the Loss Notification form. We're with Fair Trading now, they've given the Builders deadlines for works to be completed. Unsure if Builder can make… 4 6809 Thanks very much! And would the landscaper/contractor generally involve the engineer or is that something the client would do? Thanks for your help 2 1764 Thank you ponzutwo and StructuralBIMGuy. Appreciate your response 3 8544 |
