Browse Forums Home Finance Re: Different house price in final building contract 10Oct 02, 2013 10:57 am Casellmai Thanks jb_money. I probably will go with the builder still if we can get the price back to the original ... we have been so involved in this, we have even made pre-start selections at the tile and carpet companies etc. It just seems really wrong! I will keep an eye out about any variations on spec's - thank you for that tip. I will let you know how we go when we speak to them! Hi Casellmai, just checking to see how your discussion with the builder went, and what reason they gave for the 10K increase? --- Re: Different house price in final building contract 11Oct 02, 2013 11:03 am MyH1Login Casellmai Thanks jb_money. I probably will go with the builder still if we can get the price back to the original ... we have been so involved in this, we have even made pre-start selections at the tile and carpet companies etc. It just seems really wrong! I will keep an eye out about any variations on spec's - thank you for that tip. I will let you know how we go when we speak to them! Hi Casellmai, just checking to see how your discussion with the builder went, and what reason they gave for the 10K increase? Hi! There is a loophole in the HIA building contract where builders can actually increase the house price even after signing the final building contract (it's just that most building companies don't do this). And yeah, they were pretty much saying either way it was going to increase... We ended up signing the final building contract with a bit of a fight, got some things reduced so the total increase was about ~$6,500. We also wrote in clauses in our contract where the price can't increase etc... Not the best outcome but certainly not the worst either Re: Different house price in final building contract 13Oct 02, 2013 11:17 am MyH1Login What? How would one avoid such a loophole?... Doesn't seem fair! write that the price won't increase in the preliminary contract, maybe?! Most building companies probably wouldn't increase the price on someone... but legally they can. Re: Different house price in final building contract 14Oct 02, 2013 11:24 am Well I'm glad you were able to lower the 10K down! On my estimate it says the price is valid for a site start prior to next year. I hope this means if site begins before that mentioned date, then base price won't change. Thanks for sharing --- Hi All, This is our second home build and first time with a custom builder. They are small builder and have built some houses with good quality. They tender and color… 0 1294 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 19361 So AFAIk the outcomes of the BAL ratings form part of a clause that allows them to pass these costs on to you. However the more relevant detail is how did it go from 19… 1 11002 |