Building with Wisdom Homes

Hi Manhattan52

Thanks for your advise. I would imagine that every builder has their issues. We have three other friends and family members who are building at the moment with other builders and haven’t had issues like we have had with admin and are cheaper. However I would like to think Wisdom have a better end product, which I am reading which is a positive note. I can appreciate mistakes are made, but when it costs me time that’s when I get angry. Mistakes are made in drafting and because there is so many changes to fix has to go back to drafting 😩

Ours was difficult to get by Phone until we finished admin. It was funny, she called me and gave me her direct line the same day we went in to production estimating lol. Can’t blame them really
You’re better off having everything in writing anyway

thanks cazza70 jenifermarie chinoandbebe mish018

its totally stressing me out and so worried we wont get our loan approved, Its been delayed already because my husband changed jobs 3 months ago so it was hard enough to get to this stage (with the bank).

I sent my broker the compromised schedule, and she's questioning me why the builder wont comply with the bank. I have a bad feeling that its not going to work out.

Hi twolittlepeas, do you know what sort of payment schedule the banks favour most? I know it differs from bank to bank. Some are more accommodating than others. Stay positive and i'm sure it will all work out for you. If you have a really good broker, than your broker should be able to work miracles! Or at least try their very best to make it work for you.

When we signed our Sales Estimate, the payment schedule was different to that of the Contract (Sales Estimate stated 5% deposit, Contract stated 10% deposit. They had to honour the 5% as that is what we signed up for). When we apply for our loan in a couple of months time, i am crossing my fingers we don't run into any issues as i can see from this forum, it seems to be common for banks to disagree on WH's payment schedule, so i am wondering what schedule is most favourable...

I know how you feel it’s a really stressful time and it’s meant to be a happy time

Who have you asked to change the payments? Can you message me privately ?

Sounds really similar to our situation. I changed jobs right as we realised that it was not going to happen with our first bank. I was already struggling thanks to my old job and the mortgage stress really pushed me over.

Even with the job change, CBA still approved our loan because I was doing basically the same job for the same money somewhere else. But it did delay us about 2 months while we waited to refinance the land and because Christmas fell in the middle of it all.

In the end we got our approval 2 days after we signed off our final end panel so it did come together but because of the bank delays we had no arguement against Wisdom giving us a price increase despite their delays too.


Building Wisdom Aspiration 31 at Willowdale
https://ourwillowdalehome.wordpress.com/

Hi Doosra, Wisdom sales representative mentioned it but we thought at time that we would not need it.

Hi guys, Happy Friday! Quick question - we have done all our selections and have signed off on all of them. Our land does not register until Aug/Sept. So, just wondering, is there anything i am waiting for now besides my land registering? I know End Panel occurs after land has been surveyed, but when do i get draft drawings? Does that happen at End Panel as well? Also, can you add/delete things in End Panel stage - what sort of things can you add/delete without incurring admin fees - or does every add/delete incur a fee?

Hi asj1981 I'm not sure what payment schedule the banks prefer.. I'm sure there's some sort of guidelines that both the builder and bank follows. We also signed up on 5% deposit.

I hope it works out for us, like it did for you! Your story gives me hope hehehe I'll be your neighbour too, building in Emerald Hills

We are currently 1 month delayed now, and our tender expiry is in August. Ahhh...

If it helps...
my initial payment scheduled proposed by builder was front-loaded - thus the money demanded was not in proportion to work done

I got that amended as per :
- deposit—no more than 5%
- base stage—no more than 10%
- frame stage—no more than 15%
- enclosed stage—no more than 35%
- fixing stage—no more than 25%
- practical completion—no more than 10%

OMG.. that is the same schedule my bank is requesting for... ................................... @#$%^&*()

How difficult is it to get things amended? We have a 5% at contract and 5% at DA but I am anticipating similar demands from our lender (seems to be the norm rather than the exception). I am so tired of being stressed about this build and trying to anticipate hurdles before they occur.

HI ASJ1981,
I just realised that you guys are building the same house as us!
Washington 26? We have just laid our slab today

Hi Wisdomites,
Thinking about painting Theatre Room a different colour (dark) to rest of walls.

What does Wisdom charge for a change in colour?

$600 per room. We were going to get our 4 bedrooms done a different colour but at 2.4K I will buy a tin of paint and do it myself

Is anyone organising for speaker wiring to be installed during the build by your own preferred supplier?

Sentinel can do it for you but they are not home theatre specialists and do not provide any advice on speaker placement.

I spoke with a consultant from a major HT store and he said builders don't normally have an issue with this, but I'm wondering whether Wisdom will make a fuss?

from our experience wisdom will not allow that to happen. You will need to use sentinel for an in construction install or wait til after handover for your preferred supplier.

Wisdom don’t let you use your own suppliers for anything.
You can tell sentinel exactly where to put the wiring though so it shouldn’t really be an issue.

$600 per colour not per room.
So if half your rooms are one colour and half another, that’s still $600.
We got wisdom to paint our home theatre a different colour but I’ve painted the garage floor, 4 feature walls and one bedroom so far, it’s a pain with furniture in. We should’ve moved in a week later and done it all prior.