Low Bank Valuations

People building a new home are often shocked when their bank valuation is less than the cost of the land plus the build cost.

Problems With Low Valuation

The two issue are

Unless your deposit is larger than the difference between the Final Cost and the valuation you will be unable to finance the build. [read more…]

Want To Know More? . . . . Why not buy ANEWHOUSE Guide? ONLY $4

Do You Need A Home Theatre?

I keep reading articles about issues with the affordability of Australian houses. . . . . but then find lot’s of you want a ‘Media Room’ in your new houses!

So how much is a basic Home Theatre going to add to the cost of your new house?

Room Size

Room size if you are [read more…]

Design – Controlling Costs

expensive house

When you are planning a custom home costs can quickly run away with the initial budget!

Just watch a few episodes of ‘Grand Designs’ and you will see people with costs out of control!

If you are planning a custom home here are a few thoughts.

Expensive Main Features

Overall Size If you buy [read more…]

Understanding Display Homes

Display Home

I have compared the Cost of a Display Home with the price for the advertised price of the standard house, so here are what the differences are:

What you won’t get in the Basic House (unless there is a ‘Special Offer‘)

Premium Kitchen Cabinets Premium Kitchen Fittings and Appliances Stone Benchtops Glass or Premium [read more…]

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Specification

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…]

Ghost House 2

ghost 2a

Here is another Ghost House where nothing seems to have moved for a long time.

As you can see it was going to be a big house.

After being exposed to the elements for years it’s probably only fit for demolition.

I have heard people say you should aim [read more…]

Bridging Finance Basics

Guest post by Callum Scott of Scott Finance

Buying Your Next Home . . . . but haven’t sold your current house?

You can put your home on the market, sell it, settle and then rent while waiting for your new home to be built. For some people this can be a real hassle!

The [read more…]

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Love the Display Home

BUT CAN YOU AFFORD IT?

When you visit a Builders Display home you will probably be given a price list which quotes the Basic Price for the house you are looking at.

Don’t be fooled!……… The feature you see in the Display Home will add much more to the cost.

The following table provides examples [read more…]