If you are new to thinking about having a new house built you may have heard the term ‘Project Home Builder’ and wondered what it means.
Project Home Builders base their business on building large numbers of houses using a limited range of designs.
By cutting down on the [read more...]
Control of costs is really important if you don’t want to run over budget on your new home.
One of the key areas in controlling costs is understanding the specification of the house.
One of the traps that many people fall into is paying a deposit based on an initial specification, They are then hit [read more...]
I’m always a bit suspicious of guarantees and warranties!
In my opinion most Guarantees are really just a piece of paper that explains how the Guarantor will fulfill their legal liabilities. (In some cases they explain a process which is less than fulfilling their liabilities)
Bearing in mind I’m not a lawyer this is how [read more...]
Taking a Mortgage Repayment Holiday
Have you hit trouble keeping up with your new home mortgage payments?
Even the most careful planners can face financial trouble when something unexpected occurs.
The good news is that you may be able to qualify for a repayment holiday. Here’s some advice about putting your mortgage on hold while [read more...]
With the narrow blocks that are becoming more common you see a lot of new houses built right to the side boundary on both sides.
In some cases that can’t be avoided, but I think there is a real advantage in leaving enough room for a path on at least one side of the [read more...]
A regular problem with vacant blocks is they are used as a convenient dumping ground for other builders.
It’s much cheaper to dump on a nearby site than haul the material to a tip and pay tip fees.
If you are are really unlucky the material may be contaminated (for example asbestos waste). . [read more...]
One financial cost that some people don’t factor into their calculations when buying a new home is Lenders Mortgage Insurance.
What is Mortgage Lenders Insurance?
This is a cost you will have to pay if you haven’t got a 20% deposit on the total value of the completed house and land. In other words your [read more...]
Whether Owner Building, or just having some work done on your new house after handover, you may need to engage tradies to do work.
One question that frequently comes up is “Do you want the Cash Price? or do you want an Invoice?”
Before you go for the discount here are some things to consider: