Woohoo congratulations!
One step closer to slab down haha
Browse Forums Building A New House Re: Our build with Easystart Homes in Carissa Estate (Sevill 82Aug 10, 2017 9:01 pm Follow our build with Express Two Storey (Ventura Group): viewtopic.php?f=31&t=85122 Re: Our build with Easystart Homes in Carissa Estate (Sevill 86Aug 17, 2017 2:21 pm Our build thread with Smart Homes for Living in Wellard https://forum.homeone.com.au/viewtopic.php?f=31&t=86092 Re: Our build with Easystart Homes in Carissa Estate (Sevill 89Aug 17, 2017 2:50 pm SilentBoB It can happen. We got hit with a variation because our side retaining wall needed to be cut away which ended up costing us an additional $3k We just spoke with our broker and got the bank to build it into the overall costs. The builder put the amount onto the total build cost we didn't have to pay it up front. Our progress payments were split as percentages of the total build value. The stuff we got done outside of the loan at prestart wasn't due until the end of the build but we had to show the builder we had the funds available at the start. Oh no :/ I hope that doesn't happen to us also. The right hand side of our garage is being built on top of our side retaining wall. Thanks for the advice, will have to have a chat to our broker and see what they think and hopefully the CL gets back to me soon on what the go is on there end. Imightbedave What a hassle! I think the best bet is to see if you can get it added into the finance, that way you don't have to try and find $600 now. In my experience with Keystart no variations were allowed after contracts were signed (even if you're paying cash) - so I think getting it included in your loan is the only way to go. I found Keystart to be very fast and easy to deal with. I think they've had a bad rap in the past, but I think the market being a bit slower probably helps them to stay on top of things better Has certainly been a hassle! Unsure if they will add anything now that the valuation has been done and they are just waiting on FHOG approval. Will have to see what the broker says. I am quite surprised how quick Keystart have been. Our broker said do not get any hopes around. They lodged our home loan application last Wednesday, had pre-approval on Thursday and have already been told everything is good, valuation has been done by Keystart with no issues and they are just waiting on FHOG approval. So pre-approval to formal approval could be two weeks. Very happy with there turnaround time. lovisa Take in to consideration this will be valuated before you get formal approval and any shortfall will need to be paid in on settlement of the land. With keystart/homestart there recently has been a trend of all valuations having a shortfall etween 1.5k - 13k. Also at settlement adjustments needs to be paid in by buyer for rates, water,taxes etc. (alsononly learned this after) Also the soil scraped at start is not included in normal soil removal costs in contracts and is a pc amount to allow for this variations to be added (we learned this only after and it could not be included in loan due to builder not being able to give us an estimate of cist due to too much variables) Oh really? We've been told our valuation has been completed with no issues. Our broker has been very good and allowed the costs for rates, water, taxes,settlement etc into our loan prior to lodgement. Will definitely be looking out for any issues with soil scrape/site works as they went over our initial provisional sum allocated by $6k Re: Our build with Easystart Homes in Carissa Estate (Sevill 90Aug 17, 2017 2:55 pm Our valuation was said to be good when we did pre approval, and just before formal approval a valuation was dine and had a shortfall of over 9k but after a lot of hassle got it to 1.6k . Re: Our build with Easystart Homes in Carissa Estate (Sevill 91Aug 17, 2017 3:01 pm lovisa Our valuation was said to be good when we did pre approval, and just before formal approval a valuation was dine and had a shortfall of over 9k but after a lot of hassle got it to 1.6k . Oh no, Thanks for the heads up. I will be sure to keep an eye out for that too. I was quite worried about our valuation being under as I have heard of them being under through Keystart but our broker said they would have informed her if there was any issues with the valuation when they completed it and she has not been told otherwise. Hopefully they don't do another one hahaha Glad you managed to get yours down from the original shortfall, shame about all the hassle over it Re: Our build with Easystart Homes in Carissa Estate (Sevill 92Aug 17, 2017 3:06 pm Yes, they did not take any upgrades/changes into consideration from the selections or any added elevations ! Not even better flooring (we did not go iver board but changed things like gtters/riif to colorbond; floor boards, security screen doirs, things like that) but hopefully yours wont change think it depends on who you get for valuation Re: Our build with Easystart Homes in Carissa Estate (Sevill 97Aug 26, 2017 11:49 am Now you can do land settlement yay takes around 2-3weeks (waiting for keystart to get things ready and the vendors bank after you get formal approval documents signed ) and the bd released for construction!(around 2weeks from land settlement) Re: Our build with Easystart Homes in Carissa Estate (Sevill 98Aug 27, 2017 10:26 am Natasha jad33mily Just been told we have formal approval for our loan eeek :z: Congratulations!! Any news on scheduling as yet? Thanks Natasha, no news on scheduling yet. Was lodged on the 18th according to our portal page so probably another 2-3 weeks before scheduling is complete. Once that's done, mortgage docs are signed and all that jazz plus permit we head into construction yippee. Any news on scheduling for you? Re: Our build with Easystart Homes in Carissa Estate (Sevill 100Aug 27, 2017 10:38 am [quote defaultattr=""]Now after I have sent back our final documents they have hit us with a $590 variation as the roller door needs a t-bar due to structural & construction purposes. [/quote] I would argue this variation fee! Its not because you just decided to change your mind / add something different on a whim. Its because they could not actually provide you what you had agreed they would provide you, so an alternative had to be found. In my opinion, this should not cost you money! Aside from potentially additional materials cost (and you've said the roller door is a cheaper option). If it happened on my build I'd complain.... of course there are legal avenues. You've already mentioned it. Sue them. I find it odd that lawyers wouldnt be willing to take on the case, given CCT evidence and… 1 23765 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 17598 |