Browse Forums Building A New House Re: Building with Wisdom Homes 1641Mar 26, 2016 5:21 pm We haven't signed yet so hopefully that it can me be changed. I mean, they'll get their money, just not so much when they've only laid a slab!!! That would be the smart thing to do, meet with the banks! Glad I'm not the first to have this issue (surely won't be the last either!) Building Wisdom Homes Serenity 31 Re: Building with Wisdom Homes 1643Mar 28, 2016 4:50 am Hi, I need some inputs on facade upgrades - haven't spoken to wisdom yet and it's possible they hv the answers - do we get any rendering at all as part of the facade we hv paid for - we hv gone for contemporary facade. Does wisdom hv standard facade upgrade packages as in we could get some rendering , what if we wanted some tiling instead of render , do they hv various options ?? I read some get it done later on their own?? Is that a better way to go. On another topic - I am thinking of getting the Stria cladding changed to brick , they hv a price indicated but is that for just the front or does it include the cladding on the side . Building with Wisdom Homes 1644Mar 28, 2016 10:06 am bluemviews Hi, I need some inputs on facade upgrades - haven't spoken to wisdom yet and it's possible they hv the answers - do we get any rendering at all as part of the facade we hv paid for - we hv gone for contemporary facade. Does wisdom hv standard facade upgrade packages as in we could get some rendering , what if we wanted some tiling instead of render , do they hv various options ?? I read some get it done later on their own?? Is that a better way to go. On another topic - I am thinking of getting the Stria cladding changed to brick , they hv a price indicated but is that for just the front or does it include the cladding on the side . Rendering is not included as part of the facade upgrades but you can add this on at an extra charge. We chose the designer facade ($25K upgrade) and are paying an extra $9645 for cement render finish to the front elevation excluding the garage. If you choose to render the front only as we have done they stop at the first down pipe on the sides. We also upgraded the timber pillar to the balcony to a blue board cladded post with render finish for $750. You can change the cladding to brick but we decided to get this rendered instead. Changing the rear of the first floor from cladding to blue board and render is costing us $1750. Re: Building with Wisdom Homes 1645Mar 28, 2016 10:15 am Thx Ms, so when does all this get decided, at selections I guess, and do their consultants have the different options at hand and can possibly show you the visualization on a pc?? With some indicative cost, Or did you guys decide on your own and simply asked them. Are you comfortable in sharing your final drawings just so I can see what all has been done, you can pm me, if not that's perfectly fine too. Cheers Re: Building with Wisdom Homes 1646Mar 29, 2016 6:37 pm You decide on your facade and any upgrades to this such as rendering before your tender presentation or you can add them before you sign your final tender. We chose our facade upgrades right from the beginning of the process with our sales consultant as this forms part of your plans. You will only decide on what colours to have for your already selected facade at the colour appointment such as brick and render colour, as your plans and contract have already been signed off by this stage. The facade we've selected is the same as the Ambassador that was on display at the Ponds. There's pics on the Wisdom website. The only difference is that we're having a blue board rendered balcony post instead of the timber one, rendered blue board upstairs instead of classing and have chosen tiles instead of colourbond. Let me know if you need anything else. Re: Building with Wisdom Homes 1647Mar 30, 2016 11:19 am Hi Kirst10, We went with ANZ and they didn't have any issues with the payment schedule - we did inform them right from the beginning. We didn't require LMI so not sure how much that affects things but the way the banks look at things is they don't want to hand out more money in case the builder goes bust and there isnt enough remaining in your loan to complete the building. Re: Building with Wisdom Homes 1648Mar 30, 2016 11:22 am Hi bluemviews, On the facade my advice will be that you do as much research before you pick - for example we went the Avanti facade with rendering on the middle pillars which cost an extra $4.5k. This facade had a brick parapet but what we didn't realise is that our estate requires the parapet wall to continue onto the side of the garage which cost us an extra $3.3k that we didn't factor. Also if you want a balcony with a glass type balustrade then its worthwhile paying upfront to upgrade to a better facade (assuming it includes said fence). For example we went Avanti over Santa Fe and when we asked about glass balustrade it was going to cost an extra $10k but i believe Santa Fe had it included and the facade upgrade was only going to be $3k. Re: Building with Wisdom Homes 1649Mar 31, 2016 1:05 pm Just received email form Wisdom admin that Sydney Water records indicate that our proposed building will potentially impact on their underground asset. Any idea how much additional cost for these sort of issues? Building Washington 29, Avanti Facade. Re: Building with Wisdom Homes 1650Mar 31, 2016 1:39 pm Hi Greg K, I wish we didn't need to have LMI and unfortunately it's not the bank being difficult, it's a LMI requirement that the payment structure the way I have mentioned. So id be screwed at any bank coz either way we still need LMI!!!! Wisdom certainly don't want to change it and I'm taking it up with the GM now. Hoping I get a good resolution otherwise we will have to go with another builder that don't have their payment structure with 5% at signing and 25% in stage 2. Building Wisdom Homes Serenity 31 Re: Building with Wisdom Homes 1652Mar 31, 2016 2:12 pm Hi hashem2k3, Depends on where that particular line (sewer i assume) is. They will first come out and do an inspection (which you will have to pay for). It could be as little as no impact and hence no cost or significant in which case you would need to get the sewer pipes encased with concrete which can be very expensive. Re: Building with Wisdom Homes 1654Mar 31, 2016 2:21 pm Greg_K Can you see a sewer line or something similair on your plans - it should come with some sort of easement. Thank for your reply. I cant see anything on the plan that denotes a sewer or water line. Or maybe I am not seeing it correctly. Now I am worried will be stung with this additional large cost . I am already over my budget with the building and not sure how to accommodate this extra cost. Building Washington 29, Avanti Facade. Re: Building with Wisdom Homes 1655Apr 02, 2016 5:15 pm Kirst10 Hi Greg K, I wish we didn't need to have LMI and unfortunately it's not the bank being difficult, it's a LMI requirement that the payment structure the way I have mentioned. So id be screwed at any bank coz either way we still need LMI!!!! Wisdom certainly don't want to change it and I'm taking it up with the GM now. Hoping I get a good resolution otherwise we will have to go with another builder that don't have their payment structure with 5% at signing and 25% in stage 2. LMI is not the same for each bank, some use their own inhouse, others use external like genworth so changing banks will make a difference. Commbank has no issue with Wisdoms payment schedule, if you don't have a broker, you really should get one rather than dealing with banks directly. Re: Building with Wisdom Homes 1656Apr 02, 2016 6:37 pm After reading here abt Wisdom's payment plan I sent it across to Westpac , our bankers , they too hv not indicated any issue with it Re: Building with Wisdom Homes 1658Apr 03, 2016 5:33 pm No, we are not paying any LMI, the loan hasn't been drawn yet, but the bank hasn't brought it up, and wouldn't LMI be linked to how much of your equity is involved, in our case there is more than enough equity so I am quite confident LMI will not be required Re: Building with Wisdom Homes 1659Apr 03, 2016 9:06 pm hashem2k3 Just received email form Wisdom admin that Sydney Water records indicate that our proposed building will potentially impact on their underground asset. Any idea how much additional cost for these sort of issues? Our build is classified as "Building Adjacent to Sewer" (BAS), so we have a $5000 contingency within our tender for the anticipated extras that will be incurred in order to satisfy Sydney Water requirements. We were quoted about $30 000 by another company as their design would have meant the alfresco was on top of the sewer pipe, so sewer would need to have been encased in concrete (Building Over Sewer). Hope that helps! Re: Building with Wisdom Homes 1660Apr 03, 2016 9:19 pm You're lucky bluemviews! It required when you're borrowing more than 80%. You might miss out if you have equity u can drawn on. Unfortunately as first home buyers, we could only rely on our land being valued higher than what we had purchased it at. Which it was, but not enough to get us out of needing LMI! Building Wisdom Homes Serenity 31 Can someone please offer some advice? Im DESPERATE. Because I'm completely and utterly exhausted. How long are variations taking with other companies at the moment? We… 0 11968 In fairness nobody gave a crap about the ACCC and the gag clauses continued in the pro forma templates of a few other builders after the ACCC took on Wisdom, and more… 20 57542 Hi Everyone, I am exploring builder in NSW and received a very tempting quote from Wisdom home for their momentum series. I just want to know experience of building… 0 3548 |