Browse Forums Building A New House 1 May 12, 2013 10:45 pm http://kateandnathsblog.blogspot.com.au/ Carlisle Homes Addison 24 - Warralily, Armstrong Crk, Geelong • Colour: June 1 Tender: June 9 Contract: July 3 • Site Title: Dec 2015 • Site Start: March 1 2016 • H/Over: June/July Re: First Home Buyer - Build VS Buy 2May 12, 2013 11:16 pm http://kateandnathsblog.blogspot.com.au/ Carlisle Homes Addison 24 - Warralily, Armstrong Crk, Geelong • Colour: June 1 Tender: June 9 Contract: July 3 • Site Title: Dec 2015 • Site Start: March 1 2016 • H/Over: June/July Re: First Home Buyer - Build VS Buy 8May 13, 2013 5:43 pm Building in Brisbane with Vernal-Corner & Buchanan https://forum.homeone.com.au/viewtopic.php?f=31&t=73636 Re: First Home Buyer - Build VS Buy 12May 14, 2013 5:43 pm http://kateandnathsblog.blogspot.com.au/ Carlisle Homes Addison 24 - Warralily, Armstrong Crk, Geelong • Colour: June 1 Tender: June 9 Contract: July 3 • Site Title: Dec 2015 • Site Start: March 1 2016 • H/Over: June/July Re: First Home Buyer - Build VS Buy 15May 20, 2013 4:42 pm http://kateandnathsblog.blogspot.com.au/ Carlisle Homes Addison 24 - Warralily, Armstrong Crk, Geelong • Colour: June 1 Tender: June 9 Contract: July 3 • Site Title: Dec 2015 • Site Start: March 1 2016 • H/Over: June/July Re: First Home Buyer - Build VS Buy 18Sep 06, 2013 2:40 pm http://kateandnathsblog.blogspot.com.au/ Carlisle Homes Addison 24 - Warralily, Armstrong Crk, Geelong • Colour: June 1 Tender: June 9 Contract: July 3 • Site Title: Dec 2015 • Site Start: March 1 2016 • H/Over: June/July Re: First Home Buyer - Build VS Buy 19Sep 21, 2013 8:25 pm Hi Katerg88. I was going to build in warralily with low deposit home loan with loan assist. Now that it has the Armstrong creek process it has thrown a spanner in the works. We had the $3000 deal with a builder and has turned out to be a fare bit more then that . Just a suggestion if you surf at o.g then have you looked at the oakdene estate ? Also I haven't really looked into it but the estate near drysdale bellarine something it's called. They have an offer going there for low deposit . Re: First Home Buyer - Build VS Buy 20Sep 23, 2013 1:24 pm Kate I can totally empathise with you about misleading advertising and just wanting to start spending on your own home. It's so difficult to get your head around it all and it really takes loads of research and chats with your broker to know what you need and what you can borrow. If I can give some advice based solely on my own experience it would be: - Take what your broker says with a grain of salt. Remember they are also trying to "sell" you a product (ie the loan) so no matter what they tell you always go back, work out the repayments, do a budget, allow for interest rates rising etc. It's one thing to get approved for the loan but you have to be able to to live with paying it for the next 30 years! - Work out a budget and don't go over. With building this can be really difficult because even those house and land packages you are looking at will probably require some upgrades. Don't forget all the things you will need to add ie driveway, landscaping, fences, lawn, plants, curtains etc. I know it's a hard pill to swallow, but a lot of financial experts say that if you don't have a 20% deposit you shouldn't be buying. Hey - no judgement from me - we don't have 20% and wanted to kind of get in to the market. But it is something to keep in mind - the less deposit you have, the more you borrow, the more insurance you pay on the mortgage, and the more your repayments are. Even though it seems like hell trying to save, try to think of it as another $100 off the mortgage. It's worth it to be able to sleep at night! Anyway, I'm by no means an expert that's all just my opinion/experience. Just try to get yourselves in the best financial position possible and remember that throughout this whole process it's mainly you that has to be on your own side - the broker, builder, developer etc all have their own agenda and they're not the ones who will be paying off your mortgage! My build thread: viewtopic.php?f=31&t=70636&p=1161767#p1161767 Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 6124 Congrats. Will be watching this progress and interested to see how you go with summit. 12 34382 hi guys. Please be nice. First time home builder in Qld. I would like some feedback please on whether I should build my granny flat first before my main house at the… 0 5116 |