Browse Forums Building A New House 1 Sep 25, 2007 2:16 pm Re: Delaying Construction 6Sep 25, 2007 3:56 pm First_Timer_Ray I know with Met...con they allow 150 days from the day you pay the initial deposit (to hold prices and start plans etc) until signing of contract. After this period they were going to charge 1% or 2% of the total price per month for holding them up, and to allow for price increases. So on a $200,000 house, that's an extra $2,000 or $4,000 per month... probably not worth it. If you are able to negotiate with them prior to paying anything then you should be right, otherwise expect to pay. Ray. Thanks for that. Totally agree that the 1 or 2% isn't worth it. I suppose we will try to negotiate as long a period as possible and then make sure we dont go over Re: Delaying Construction 7Sep 26, 2007 8:44 am YSSIM I don't get it... If it says you have to finish construction by aug '09 how would it be possible for you to start building in aug '09? Sorry I was a little vague. Ideally we would like to have construction completed in August 2009. So we are looking for ways to delay the whole process as much as possible. Ideally until August 2009 although we realise that this is delaying the whole process excessively. So in a nutshell we want to start the process now (and lock in the price) but delay the rest of the process as long as is possible. Re: Delaying Construction 8Sep 26, 2007 10:03 pm What's the definition of "finish construction", is that up to you, the builder, council or surveyor?
If that doesn't include landscaping, flooring, driveway, and other stuffs that possibly have nothing to do with the builder, you can let the builder finish the house, move in and finish the rest slowly... I know in Sydney, lots of council won't issue a proper certificate (then you are allow to sell the house) until all those things I mentioned are finished, but once house finished they can issue a temporary one for you to move in. So I have seen completed houses that still haven't received proper certificate after 2 years as owner run out of $ for landscaping..... Re: Delaying Construction 9Sep 27, 2007 1:35 pm Personally, I wouldn't sign a contract until I was ready to build.
Signing now and building in a long time makes you a 'stale' customer and you will be way down the priority list. I don't know why this is, just human nature I guess. You will not necessarily save any money as the contract you sign now will contain a rise and fall clause (it never falls) which adds costs if you don't start in, say, 3 months. How much have the home prices risen in the last 12 months? Besides, you wants, needs and circumstances may well change in 12 months and it will cost you to change your house plans. Use the extra time to work on your detail plans. You may even find a better, cheaper house in that time. Re: Delaying Construction 10Sep 27, 2007 4:31 pm Anything could happen between now and August 2009 - builders may not have any work and could be dropping their prices further. Our contract stipulates that if building does not start within six months because of us they can rise the prices if necessary. We are about to commence a new build I and Iām reading about defects along the way. My question is should we employ a independent building inspector to come in and… 0 5240 Can you give advice on how to get missing certificates needed for a form 21? Our bank requires us to provide one but we are missing 4 building certificates from our first… 3 71807 DIY, Home Maintenance & Repair That laser level looks lovely! We bought one for less than a quarter of that price off eBay. It worked really well for us and it's still going now, five years later. After… 1 16710 |