Building A New House
Feb 27, 2010 4:54 pm
I have been on homeone for a while now, and I am patiently waiting for my land to title at Eminence in Doreen.
My journey started late July 2009, when the decision was made that I would start looking at options for building, as the property market in the northern suburbs is quite exxy. That and I like the idea of being able to live in the house with no major maintenance / renovations for a while (as my sister's place needs plenty of work and cost plenty more.
As far as the land component went, I looked at all the estates in the Mernda / Doreen / Epping / Craigieburn and finally settle on Doreen. The choice was then down to finding a block that was at the lower end of the market, while still giving me some room. On the 8th of August the cash was put on the table, and the first step was started.
Land contracts signed on the 14th of August. This is the stage:
And this is what my little patch of land started as:
Then the pain of waiting began, but things kicked off around Melbourne Cup Weekend, and have been plodding along ever since.
I'll try and post up a bit more of the story as I get time ... hopefully more this weekend.
Some people don't have time to do the job right the first time, but seem to have plenty of time to fix their mistakes.
Re: Richo's Caraway in Doreen - waiting for title4
Feb 27, 2010 5:15 pm
yep.. if you started melb cup w'end there must be heaps of pics.. so lets have em!!
edit: notice you said you are waiting for title so I assume by things getting underway you mean getting your block ready!
Re: Richo's Caraway in Doreen - waiting for title5
Feb 27, 2010 5:37 pm
here is a pic you might enjoy.. I'll take it down later, don't want to spam your thread!
ewwwww it's spam!!!
Re: Richo's Caraway in Doreen - waiting for title6
Feb 27, 2010 8:51 pm
I agree...a horrible picture ><
Still, it's a damn sight better than a Hawks one!
Land Deposit - 18/12/2009
Became a land Baron - 21/12/2010
Site Start - 27/1/2011
All moved in!!
Re: Richo's Caraway in Doreen - waiting for title7
Feb 28, 2010 1:49 am
Yay a thread for me to follow! Things are looking good down in stage 5! Hopefully settle in April I hear!
2nd build here we come in Whittlesea!
1st Build - Henley - Cooper in Doreen! (2009)
Re: Richo's Caraway in Doreen - waiting for title8
Feb 28, 2010 9:21 am
Gotta keep up with all these threads!! Looking forward to seeing your progress.
My house and my rants.... - viewtopic.php?f=31&t=26937
We are in!!!...and still unpacking.
Thankfully there are always Tim Tams
Re: Richo's Caraway in Doreen - waiting for title9
Feb 28, 2010 9:50 am
Yeah Andy, its still under development in stage 5, but getting close. Last I heard titles in March, settlement in March / April.
Here are some pics of what happened to that lovely green paddock.
And i'll be haeding up there today to check out this weeks progress, as the road was closed yesterday and Yan Yean Rd was a long wait to drive past. I'm lucky to live so close really, it means that i'll go through a lot of fuel once the build starts ... dropping by every second day.
I'll start the bank and house talk soon ...
Re: Richo's Caraway in Doreen - waiting for title11
Feb 28, 2010 10:42 am
We are building in stage 3 of Eminence. We start with PD in July.
Hope all goes well with titles etc. I think Eminence is pretty good with everything been done in a timely manner.
Looking forward to following your build. We could both be building at very similar times I think.
We have a house in Doreen. Built the PD Kensington 24 (with Alfresco & Rumpus option). We are in...Decorating in progress...pics to come soon...
Re: Richo's Caraway in Doreen - waiting for title12
Feb 28, 2010 7:33 pm
Awesome, another local build to follow!
Re: Richo's Caraway in Doreen - waiting for title13
Mar 04, 2010 9:33 am
Thanks everyone, its good to know that there will be plenty of people keeping an eye on things once the build starts.
This weeks pics from 28/2/10
From the look of it, work at my end of the stage will be complete verry soon, as there was piles of topsoil blowing around in the gusting winds. Hopefully they complete the works to Cookes Rd and the last of the curbs soon, as this appears to be what will hold up the title.
I'll leave the next part of the saga till this afternoon when I get a bit more time, but as a teaser it involves "THE BANK".
Re: Richo's Caraway in Doreen - waiting for title14
Mar 04, 2010 3:12 pm
They have done some more work on cookes rd the first layer of road is down! I saw all the top soil as they have scraped DP's mums block and filled behind her retaining wall! They are also turning water off to the rest of the estate for 4 hours tomorrow to connect water down in stage 5..... so definately moving along down there. Fingers crossed for title soon. Hope everything with the bank is ok!
2nd build here we come in Whittlesea!
1st Build - Henley - Cooper in Doreen! (2009)
Re: Richo's Caraway in Doreen - waiting for title15
Mar 05, 2010 10:35 am
Great to hear CiNnY, I'll have to schedule in a drive by on Monday, as I'm escaping Melbourne for the long weekend
As for the bank saga, here is a quick run down.
I am a single first home buyer, and this seems to scare the banks. When I first met with a mortgage broker they advised me that I was going to be locked in to a very slim budget, and was even advised to look at buying a unit for a couple of years to help my situation. So I decided to go direct to my bank and see what they could offer.
The thing that probably annoyed me the most with the bank was the lack of being able to get straight information out of them. Firstly when I was getting my preapproval, all looked good, and so long as I still had a decent deposit after paying off my car it would be smooth sailing. I booked in to clear off my car loan and get the pre approval made unconditional so that I would satisfy the developer that I had finance. Even took the day off work so that I could get everything settled at once.
Well, get to the bank and clear the loan, $0 owing. Nice, so I go in with the mortgage advisor and surprise, I can't do any more as it will take a few business days for the loan to be removed, even though it has $0 owing. A wasted morning.
That eventually got sorted and I signed the documents for the mortgage on the land, which I was told would then be abolished when I applied for a loan to cover both house and land. Seemed common enough, so they have all the documents, copies of receipts, land contract, etc.
I then got a pre approval for the total amount and then went shopping, found a builder and got proceedings started. The builder managed to get me contracts based on a set of standard plan within 4 weeks (pretty long considering the lack of detail that was added) and were keen to get me to sign before the September 30 cutoff for the $32k FHOG. I then pushed things back as I found that I would be liable to lose a lot of the grant as it would be too close to get the slab down.
So round comes mid December, sign the building contract and submit a copy to the bank to get unconditional approval and documents done, told that the usual timeframe is about 2 weeks. Well then I was informed that my borrowing capacity had dropped almost $20k due to the interest rate rises. The battle begun, and eventually they agreed to fund the loan on the previous pre approved amounts.
Another couple of weeks pass and there is no word, and eventually after numerous phone calls, voice mails, emails, I was asked to send in a section of the land contract for them to confirm the subdivision details. I asked why they didn't just look in the contract that they already had? It in a different file (original loan) and that they couldn't get it to the valuers quickly. A few weeks later I get told that the documents are ready and will be posted out. No documents arrive, again more calls and they book me in to sign them one Saturday morning, late February!
Get there, small talk, etc and then they pull out the documents and straight away I spot a problem, the lot number is correct, but the street name is wrong! There is only one lot in the estate with the number, and they couldn't match it up.
Well it’s now two weeks later again, and I just got a call this morning that the documents are ready, and will be printed (either on site or at head office) and sent out. I hope it will be a bit speedier as settlement is getting closer on the land.
Wow, sorry for the long rant, but it has been a long winded start to it all, I hope it gets smoother from here.
Re: Richo's Caraway in Doreen - waiting for title17
Mar 05, 2010 11:01 am
How good are the banks? Aren't they great
The most stressful part for us so far has been dealing with the bank. Everything got better for a while and now we have to fill in new updated forms for the Government Grant. Does the stress & paperwork ever end?!
Hope it all goes smoothly now for ya
Life is; then you tell yourself a story.
Re: Richo's Caraway in Doreen - waiting for title18
Mar 05, 2010 11:15 am
A friend of mine that had the same thing happen on her loan documents put it the best, she said:
"I wish I could F#*% up as many times as the bank does and still have my job, and they get a big fat bonus!"
And Andy, we were robbed last week, hanging for round 1 when the real footy starts!
Re: Richo's Caraway in Doreen - provisional floor plan up19
Mar 16, 2010 11:41 am
Well, with a couple of weeks away from the thread, I guess it's time for an update.
Dealings with the bank are now sorted, just have to return the signed documents and get the FHOG organised.
The solicitor contacted me yesterday to let me know that the subdivision has been registered at the titles office, and that I will be an owner in a few weeks time.
The land has been looking in its finished state for some time, although it doesn't quite match what was written on the plan, hopefully they don't plonk another 100mm of fill on. I doubt it as the blocks are pegged out, all that remains is the access road.
Here is a pic from after the storms, with a little editing.
I guess I better start giving some info on the house as well.
I have signed up to build a Caraway 165 by JG K!ng. There are still a few issues, and to date I have not received a correct set of drawings. Hopefully they will be correct once they redo them after soil sample and site survey (hopefully booked for next week).
Here is the closest plan that I have.
The plan changed on there internal system around the time I signed up, and hence I was pretty determined to try and ensure that I get the plan that I am after. The biggest difference is in the kitchen, mainly in relation to the location of the pantry. The new plans (on the builders website) abolish the large double pantry, and has a small one in the corner of the kitchen by the window. Fingers crossed that it comes correct on the next issue.
Only variations that I have made were the facade to the contemporary version, garage door to a automatic panel lift, meals double window to a sliding door, flyscreens, and a full width mirror in the bathroom.
I would have loved to do more, but I had to keep it tight with the provisional sight costs adding up to nearly $20k, I hope they come in substantially cheaper.
Re: Richo's Caraway in Doreen - Titled! - waiting for settle20
Mar 19, 2010 10:00 am
Well, a quick update.
Got a call from the solicitor late yesterday afternoon, and the block has now titled!
So, according to the contract, in 2 weeks time it will settle.
Just hoping that the settlement happens on the Thursday, as Friday is a public holiday.
But it will be April 1 ...
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