TomCat's new digs!

[love_the_life]

Received an email from the Conveyancer this morning asking us to get our finance organised. They are just about to submit to council for statement of compliance. Following that it goes to the titles office, which takes about a week. Settlement is usually 2 weeks later. We'er so close I can smell it!

That is fantastic news.
Part of the wealthy land owner class soon

 

[blackcat20]

That is fantastic news.
Part of the wealthy land owner class soon

More like poor land owners

 

[Pushka]

More like poor land owners

Reckon Councils get on to it quickly so they can issue you with a Rates invoice.

 

[blackcat20]

Reckon Councils get on to it quickly so they can issue you with a Rates invoice.

Ha probably! We also have to pay a community infrastructure fee....

 

[Pushka]

Ha probably! We also have to pay a community infrastructure fee....

Then Breathe. It’s just the beginning. Least there is no power bills - yet!

 

[blackcat20]

The good news keeps coming; our valuation has come in higher than the cost of land and build.

 

[blackcat20]

Waiting waiting waiting....

 

[love_the_life]

Waiting waiting waiting....

Hoping, hoping, hoping, fingers crossed

 

[travelislife]

We are 2 years in to a knock down rebuild and we haven't started on site! A few false starts. Everything takes a lot longer than hoped....especially when councils/authorities are involved, and a lot of it is unknown and out of the developers control, hence the timelines jumping around with the developer. 6 months with council. 4 months with VBA. 3 months with water authority. Plus all the design, tendering and finance side of it. Going custom build for our first with a limited budget has been a headache! Would have been much easier with one of the majors where it is all done for you.

 

[Denali]

I was looking at the latest prefab homes yesterday (as we are also planning a KDR in the next few years), unsure how exactly it works price wise/internal finishes but I did like the idea of what seemed like a faster build (because youre not looking at an empty lot for as long as a standard build).

 

[blackcat20]

Fortunately ours shouldnt drag on too long. One, the developer of the Estate has time frames by which the land must be occupied, plus our build contract has penalties for going over.

I've been watching the build of another house identical to ours, they started in June and are due for handover in a few weeks. So approximately 5 months start to finish. Hoping for same.

 

[whatmeworry]

Probably some light reading for TomCat.

Melbourne builders are pure scum • r/melbourne

 

[Pushka]

Probably some light reading for TomCat.

Melbourne builders are pure scum • r/melbourne

Prolly not. Decision made. Keep it positive.

 

[whatmeworry]

Prolly not. Decision made. Keep it positive.

Just a bit of sarcasm so they know about the bad apples.

 

[VPS]

I'm staying with some friends just outside Reading in the UK and they're in a house only a few years old. The field across from them is now being built on and I find the process very odd. The builders just come in and build x number of houses either 2,3,4 or 5 bedroom houses in a couple of different designs and you get very little input (if any into the decoration) You certainly couldn't choose a completely different style house and I find the sameness of these estates really bland. They are not cheap housing estates (a 4br about 500,000 pounds) I've brought this up with a few other English friends and they say how we do it ie release the land and you choose your block then choose your builder and design and get planning permission would never work here.

 

[TomVexille]

Probably some light reading for TomCat.

Melbourne builders are pure scum • r/melbourne

And it'll still be a better house/experience/less hassle than trying to buy a house in the current climate

 

[Denali]

Problem with buying a house in todays climate, other than the $$$, is even if we sold our current home, I would be buying another 20-50yr old home with 20-50 year old problems. (I wouldnt buy a new project home as land size is too small).

A new home, KDR ect. The journey might be painful but hopefully at the end of it, you have a new home that you had imput in to suit your current and future needs.

 

[love_the_life]

I'm staying with some friends just outside Reading in the UK and they're in a house only a few years old. The field across from them is now being built on and I find the process very odd. The builders just come in and build x number of houses either 2,3,4 or 5 bedroom houses in a couple of different designs and you get very little input (if any into the decoration) You certainly couldn't choose a completely different style house and I find the sameness of these estates really bland. They are not cheap housing estates (a 4br about 500,000 pounds) I've brought this up with a few other English friends and they say how we do it ie release the land and you choose your block then choose your builder and design and get planning permission would never work here.

Our first home was a ‘spec’ house, ie developer bought the land, built a number of houses and then sold the completed lots. I think that is still around in Aus as well.

 

[love_the_life]

Problem with buying a house in todays climate, other than the $$$, is even if we sold our current home, I would be buying another 20-50yr old home with 20-50 year old problems. (I wouldnt buy a new project home as land size is too small).

A new home, KDR ect. The journey might be painful but hopefully at the end of it, you have a new home that you had imput in to suit your current and future needs.

You get to a point sometimes where you don’t want a big block.

 

[blackcat20]

Building is definitely a slower process. When we moved out of the old place we had anticipated being in our own place by Christmas (this year!) but once we decided to build that went out the window. However, we will have a lovely new house built the way we want it, and without all those problems that came with living in a 50+ year old house (which we were in previously). Heck, the 10 year old house we're in at the moment has enough issues!

Just in the process of engaging our own building inspector to keep the builder on top of things. $2k very well spent based on what a lot of others have said.