Browse Forums Building A New House Re: Direction for some willing newbies! 2Aug 30, 2013 11:48 pm To learn all the finance jargon, read some of the articles here http://www.homeloanexperts.com.au/blog/. You'll also learn a lot. This rule of thumb is good advice: http://barefootinvestor.com/money-management-plan/ As for buying land and building - research, research, research. http://forum.homeone.com.au/viewtopic.php?f=31&t=66212 Quote: 1. Research, Research, Research, rinse and repeat ( for each aspect of the build and builders you talk to). 2. Understand the characteristics of your block and what about your block will drive site or other building costs: - know and understand soil type and affect on slab cost - know and understand the geotechnical report for your estate ( gives some determination of depth of rock and helps with determining pier or other foundation requirements) - ensure slab costings suit you soil type - ensure there is sufficient provision for piering or drop-edged beams, etc - is your site in a bushfire-prone area, flood risk area or near the coast ( all of which could further drive site / build costs ) 3. Talk to as many builders as you can. Sit down with them an ask them what the typical costs are for an M-slab, a H1 slab, etc, etc. Ask them how much piering they include - do they provision it as a lineal amount (e.g. 100m) or do they provide a depth per pier (say 2m per pier). Try and establish how many piers a typical house of the size you are intending to build would need. 4. If you have a problematic site ( with trees, slope, lots of rock or significant retaining wall or cut/fill volumes ), try and understand what impact this will have for price. 5. Work hard to understand what is included and what is not included for the price. A sales-persons job is to give you a price that you understand and are comfortable with. If they don't give you the information you need, keep asking or find a better salesperson or builder. Even if you don't have the finance, don't be afraid to see some sales consultants and ask questions. It's important for understanding all the costs involved. The hard work (research) pays off. It was about this time last year I bit the bullet and spoke to a broker. In that time i visited around 100 display homes. I narrowed down from 3 preferred builders to 1. All the hard work has been done and I'll be in my new home within 4-6 months. Evernote and Everclip apps are great for tagging / filing / organising your research. Take photos, save links, copy webpages, attach files, etc etc. Build thread: here Land Nov 12, Contract 6/07/13, Consent 15/08/13, Start 20/09/13, Slab 25/09/13, Frame 4/10/13, Brick 21/10/13, Roof 2/11/13, Lock-up 17/12/13, Handover 3/3/14 Assuming you've modelled the TB8, TB10, TB12, TB2 & J1 joists/LVLs there, it appears as per drawing to me. There maybe should be an additional J1 between TB10 and T12 if… 3 27652 Pls help! The black marks show where our outdoor entertaining area would be along side of house as we have an irregular backyard and want to make use of the side as… 0 3321 6 7972 |