Browse Forums General Discussion Re: How much should I spend on Melbourne Investment House? 6Sep 16, 2021 6:07 pm Venkata Hi Noname, Sincerely appreciate for your detailed reply. Here are additional inputs; 1. My land is in Mapplewood Estate in Melton South, is part of their Stage 7, Expected registration is Nov Mid 2. My current goal is to build, make the house attractive than others, so I can let it out quickly, instead of keeping it idle because the house looks and feels like any other house. I am not going to sell this. This is going to be a house which will be rented out for next 5 years and potentially if we decide to move to Melbourne will be our primary house of living. 3. I will do some scan of realestate to understand the kind of house and what rent they are advertising? 4. Getting quotes from METRICON, CARLIESLE, P DAVIS and trying to balance out who would be better. At the moment, am rating them all same as at the end of the day they are major builders and I assume they will give decent if not superb quality 5. Will wait for your feedback as I gave name of my estate to get your views, on can I commence construction from say JAN next year as soon land gets registered and so house will be finished by July or Aug next year or you reckon better start the construction some where next year end, to allow some more activity, as I do not want my house to be the one of the few houses in a barren estate. Once again thanks for your inputs. Thx Maplewood is coming along. That whole side next to the reservoir is much more progressed than the maps show. If you were on the other side of Exford road, that's going slow. if its going to be your primary residence at some point, you may want to get some nice things done to it. Maybe even considder splashing out for the refrigerated air. Regarding builders, Id suggest Metricon may not be the best choice . They already have a landmark case regarding a house they stuffed up so badly in Melton they were told to tear it down and rebuild by the court. Google Softley vs. Metricon for the details. Re quality, don't assume anything. You could get a good house or a dud. Because you aren't there to monitor (even if you were), i highly recommend getting an independent building inspector for each stage. The estate isnt barren. It definately wont be barren by mid next year. But i suspect your build timelines are a little hopeful. Delays with materials and covid , I'd add 6 months to your expectation. If you get it earlier, great. Dark matter scientist, can breathe underwater, mind reader and can freeze matter just by willing it. Trust me, its in my sig. Re: How much should I spend on Melbourne Investment House? 7Sep 16, 2021 7:49 pm Hi Noname, Thx for the inputs.I will check where my land comes when compared with the Exford road that you had said. Good that by mid next year chances of more houses looks interesting. I will exclude METRICON. Any view you can give on Carlisle, HomeBuyers Centre and Henley? These three appears to be other major builders. Just wondering, who would be better bet or rather better than others in terms of quality control or something to a minimum standard they can given. Yes I will engage external inspection. Am thinking of locking the price now with one of these three and ask them to commence the construction from mid next year and yes it may get delayed, but I do not want to start before mid next year. I can technically start in Jan/Feb, but just want to wait and watch, as I would had locked the prices. Pl let me know you have any feedback on the above three builders or for that matter Porter Davis also. Thx Re: How much should I spend on Melbourne Investment House? 8Sep 17, 2021 9:07 am Venkata Hi Noname, Thx for the inputs.I will check where my land comes when compared with the Exford road that you had said. Good that by mid next year chances of more houses looks interesting. I will exclude METRICON. Any view you can give on Carlisle, HomeBuyers Centre and Henley? These three appears to be other major builders. Just wondering, who would be better bet or rather better than others in terms of quality control or something to a minimum standard they can given. Yes I will engage external inspection. Am thinking of locking the price now with one of these three and ask them to commence the construction from mid next year and yes it may get delayed, but I do not want to start before mid next year. I can technically start in Jan/Feb, but just want to wait and watch, as I would had locked the prices. Pl let me know you have any feedback on the above three builders or for that matter Porter Davis also. Thx Firstly, you won't be locking prices in with builds that far in advance. Prices with most volume builder are increasing monthly. The base price of the house I am building now has risen 30k since April. That's not including any increases likely in the upgrades. The builder will lock your price the day you sign your contract for a period, and there are still provisions in contracts to increase the prices under certain conditions. Henley and Carlisle are considdered more premium than home buyers center. Home buyers center is a lower cost brand from boutique homes. Your choices with home buyers center in way of finishes will be more limited. Carlisle use a performance solution for their waterproofing that requires yearly inspections (at a cost to you) to maintain your warranty. Henly are supposed to be good and I love their houses, but I had a particularly terrible experience with their sales process, so gave them a miss. Their COO apologised to me after I sent them some pretty scathing feedback. That said you're not going to find the "perfect" builder. I'm currently building with boutique and have had an excellent experience so far. They cost more, but the level of service has been excellent. Both my neighbours have built with home buyers center and their experience has been the same. That's not to say everyone has good things to say, but this is not my first build (4th). BY far, they have been exceeding my expectations on everything so far. I've had a number of serious conversations around some items pricing and we've been able to come to really positive outcomes, pretty annoying extra things I've wanted them to do, they've been able to do, some reletively custom solutions have been catered for too. No one has ever said no we can't do that without looking into it. Even then 95% of what I've asked for we've been able to do. The other 5% was doable bit prohibitively expensive. They were still willing to provision for the work after hand over though. So happy days. In the end, you need to find a design that suits you and a builder that will work with you. But you need to temper your expectations about timing and how much control you have around the process. These are volume builders working to a schedule. Dark matter scientist, can breathe underwater, mind reader and can freeze matter just by willing it. Trust me, its in my sig. I thought this would be a popular question but I haven't been able to find any similar posts. Perhaps I'm wording my searches wrong? When you have car insurance and the… 0 4758 They make the room much easier to clean for one, reflect more light (if light colour tiles are used), and you dont end up with dust on the top edge of tiles (cause most… 3 7740 |