Rups having two sets of bi-fold makes your house look amazing...good thinking!
Browse Forums Building A New House Re: Porter Davis homes 4810Mar 12, 2012 12:26 am Cheers, Alpal Building PD Heathmont 40 BLOG: http://alpal-pd-heathmont40.blogspot.com/ Deposit paid 19/08/2011 Contract signing 3/10/2011 Site Start 10/11/2011 Slab 23/11/2011 Re: Porter Davis homes 4812Mar 12, 2012 9:04 am I agree with the above, valuation really is a crap shoot when building as the bank doesn't have the most reliable indicator - a history of sale prices in the area - to work off when putting a value on the house. Even the land valuation is going to be a bit sketchy as again they rely on a history of sale prices in the area, as well as the local amenities (schools, child care, shopping, public transport, road links, medical practitioners/hospitals, etc) that are present in the area and the general character of the area itself to determine what an appropriate valuation for a block of land should be per square metre. This is why a a much smaller block of land in Richmond (inner suburban Melbourne) is worth a lot more per square metre than a larger block out in Cranbourne (SE urban fringe of Melbourne), because the block in Richmond is considered to have a greater level of amenity due to its close proximity to the CBD and all the perceived benefits that come with that location. Another factor is what you have done with the land itself - landscaping that maximises utilisation of the block and adds to the aesthetics of the property also increases land value a bit in the bank's eyes. Banks generally low-ball your house's value in their valuation - it is essentially an amount for which they consider they could guarantee the recovery of the money they have lent if they had to engage in a quick fire-sale. However you do need to remember that a lot of the "upgrades" we pay for when building make the house more sellable (as they make the house stand out a bit more than a house with a "basic" spec and thus might garner more attention from potential buyers), as opposed to flat our increasing the re-sale value. It is hardly ever going to be land price + house cost + landscaping cost = bank's valuation unfortunately, so you will be doing capital improvements for your own personal benefit rather than just a direct addition to your home's resale value. Some people apparently have nothing better to do than comment on other people's sigs. Re: Porter Davis homes 4814Mar 12, 2012 12:30 pm thanks rups. we have done all signing off final drawings and all the rest we did that on 28th feb, just one more varitation as the doors we picked at hopeton are now no longer available but are still on display there!. and roof tiles that we chose, geoergian soho nite it seems is the only colour, so we are just going with that as we dont want any more delays,. Over what we have chosen, u get to the piont of just hoping what we have chosen will all work out. start date was meant to be 5th of march but pd's computer is getting upgraded so they say its this week! i did check out ur blog to see the time differences so i am hoping its will be like urs.. ps...... house looks great and similar colour selection of the kitchen! my god you must be thrilled......... Re: Porter Davis homes 4815Mar 12, 2012 1:25 pm Hi all. Was speaking to a friend today and he said his heard from 3 different people that Porter Davis are having issues and could be folding. Anyone else heard this? Porter Davis homes 4816Mar 12, 2012 2:05 pm Hi excitednewhomeowner this has been discussed not long ago.. And Ebony has replied concerning this.. See below. Team PD Hi Alpal, It is a challenging time at the moment, but I want to reassure you that our commitment and presence in the new home market is ever growing with the recent opening of 20 beautiful display homes in the South East corridor and four in the Northern corridor, plus we will soon be opening another new exciting display centre in the Western corridor next month. We also extended our build zone to include inner city suburbs, plus Ballarat and surrounds, in October last year. So there's plenty happening at Porter Davis! If you have any questions at all about your build, your dedicated team are available via telephone, email or the 24seven portal, or you can shoot me any questions. Cheers, Ebony Alpal wrote: Thanks Ebony, Appreciate the response and update. One question - If PD are "growing" as you indicate why would the Northern PD office close? Forgive me - I'm a "half glass empty" type of guy Team PD wrote: Hi Alpal, No worries, I am here to help answer these types questions as we want our clients to be kept up date on what’s happening with PD and not feel like we are keeping you in dark. PD is continuing with the same construction activity and display home presence in Melbourne’s North. All we have done is relocate the office and management functions into the West and East offices for our Northern jobs, which is the office structure we had before the North office was introduced. With one office relocating, we’ve opened the doors to exciting opportunities in Ballarat and the inner city! I hope this helps! Cheers, Ebony Re: Porter Davis homes 4818Mar 12, 2012 6:49 pm Looks fantastic Humble!! Can imagine you're relieved that's over Three options 1 Ask the liquidator 2 Find another PD customer and ask the source of their report 3 Pay for new report 3 12341 Ask for references and speak to them. If they are defensive or try to avoid the request, walk. 1 74709 I would never build with Fowler homes. I built with them in 2021 and till date maintenance issues are pending. All their existing trades and businesses don't work with… 14 105579 |