Browse Forums Home Finance 1 Jul 13, 2009 9:58 pm 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: Deposit Questions 2Jul 13, 2009 10:13 pm Our house thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=18335 Re: Deposit Questions 3Jul 13, 2009 10:24 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Re: Deposit Questions 5Jul 14, 2009 1:23 pm Hels Sorry I can't answer your question about LMI but I just wanted to make sure that you are aware that PD will sting you at least $2000 per month, once you go 3 months past the contract signing date? Unless of course they have told you otherwise but get it in writing if they have. I can't see PD holding the price for you for more than 3 months, that's all. Hi Hels, thanks for the heads up. We discussed this with PD and what seems to be the deal is, we pay the $1,000, go through the colour selections, tiles etc etc, then get to tender, and somewhere along the line it goes to admin and is marked for an August start date next year. We understand we will be protected somewhat from price increases, but as you stated, we would of course get anything like this in writing. The way the sales person spoke, this was something that was relatively common, she was the one who bought up the option, as we had never considered that we could dictate a site start date so far in advance. ChrisL Sorry I don't know the answer but just a reminder that the bank valuation may come in under the builder's price. A number of people on H1 have been stung. Chris Chris, thanks for pointing this out. I don't think we will have the issue of the bank valuation coming under. I understand that others have had this issue, but based on what 'extras' we are adding, we believe we will come in on target. If we come in under, that is just fine, we will consider adjustments or just cop it. That's why we're working towards a 20% deposit. If things do come under, at least we have a bit of room to move. I would hate to be doing a 90-95% lend and then come under, that would leave us very little room to move. 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... In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 Personally, considering your layout (study/work desks in bedrooms), I don't think you have any other option but to leave NW windows and make them as big as possible e.g.… 7 10470 We had this happen to us last year and got charged a variation. Try and give away as much as you can that is usable to charity otherwise if you are in Sydney I have a… 1 4494 |