Owner Builder?
Apr 26th 2006, 8:29 am
#1
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Owner Builder?
Just thought I would post a link to this company who my Mum has used to build a house here in Bendigo. Its available in Vic, NSW, Qld, Tas and WA.
She has used the stage 1 only of this system so we can only recommend that bit from experience. The stage 2 is where they help with the finance.
She has built a 20 sqr, 4 bedroom home for $140,000 in around 5 months.
I just thought if people were looking at building, it might be an option to consider along side the other options available.
Hope it helps,
Hels
She has used the stage 1 only of this system so we can only recommend that bit from experience. The stage 2 is where they help with the finance.
She has built a 20 sqr, 4 bedroom home for $140,000 in around 5 months.
I just thought if people were looking at building, it might be an option to consider along side the other options available.
Hope it helps,
Hels
Apr 26th 2006, 8:35 am
#2
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Joined: May 2004
Location: Umina, NSW
Posts: 2,453
Re: Owner Builder?
Originally Posted by Hels
Just thought I would post a link to this company who my Mum has used to build a house here in Bendigo. Its available in Vic, NSW, Qld, Tas and WA.
She has used the stage 1 only of this system so we can only recommend that bit from experience. The stage 2 is where they help with the finance.
She has built a 20 sqr, 4 bedroom home for $140,000 in around 5 months.
I just thought if people were looking at building, it might be an option to consider along side the other options available.
Hope it helps,
Hels
She has used the stage 1 only of this system so we can only recommend that bit from experience. The stage 2 is where they help with the finance.
She has built a 20 sqr, 4 bedroom home for $140,000 in around 5 months.
I just thought if people were looking at building, it might be an option to consider along side the other options available.
Hope it helps,
Hels
Jo
Apr 26th 2006, 8:52 am
#3
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Re: Owner Builder?
Originally Posted by joho
Thats just what I'm looking for thanks. Did she have the company build it too or did she arrange that privately and did that cost include everything to finish.
Jo
Jo
Hi Jo,
This system is for you to owner/build (Project Manage) your own house. So you source the tradies and materials etc and then have the house built. What you pay for is their knowledge of how the build should progress etc. They step you through it. So really the house can cost as much or as little as you can source things for.
The $140k was for the entire house to completion, not including land. If you look at alot of the Project builders and compare what you can pay for one of their 20sqr houses for, not to mention the restrictions on the fittings/colours etc....you will be surprised I think.
Hope this helps
Hels
Apr 26th 2006, 9:36 am
#4
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Re: Owner Builder?
You need to be careful - owner-builders take on the responsibility of warranting the house for I believe seven years.
If you sell it during the warranty period you could be sued by the buyers for any defects.
If you sell it during the warranty period you could be sued by the buyers for any defects.
Last edited by Wol; Apr 26th 2006 at 9:36 am. Reason: typo
Apr 26th 2006, 11:09 am
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Re: Owner Builder?
Originally Posted by Wol
You need to be careful - owner-builders take on the responsibility of warranting the house for I believe seven years.
If you sell it during the warranty period you could be sued by the buyers for any defects.
If you sell it during the warranty period you could be sued by the buyers for any defects.
There is an insurance you can take out, and most do, that covers the house after you sell it for the remaining of the 7 years.
We are building as a long term investment and once built, using it as a rental.
Last edited by Hels; Apr 26th 2006 at 11:09 am. Reason: to add a , where it needed to be....
Apr 26th 2006, 11:43 am
#6
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Re: Owner Builder?
Originally Posted by Hels
There is an insurance you can take out, and most do, that covers the house after you sell it for the remaining of the 7 years.
We are building as a long term investment and once built, using it as a rental.
We are building as a long term investment and once built, using it as a rental.
Apr 26th 2006, 11:45 am
#7
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Re: Owner Builder?
Originally Posted by crawling
Cheers for this - interesting - I was wondering about schemes like this a while back.
No problems....
We are putting an offer in on some land tomorrow and if it all goes ahead, happy to give a running account of our first Owner/Builder experience if people are interested.
H
Apr 26th 2006, 12:34 pm
#8
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Re: Owner Builder?
I wuldnt mind listening to everything you have to say, I have also thought about going down this route.
Keep us updated
Keep us updated
Originally Posted by Hels
No problems....
We are putting an offer in on some land tomorrow and if it all goes ahead, happy to give a running account of our first Owner/Builder experience if people are interested.
H
We are putting an offer in on some land tomorrow and if it all goes ahead, happy to give a running account of our first Owner/Builder experience if people are interested.
H
Apr 26th 2006, 12:46 pm
#9
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Re: Owner Builder?
Originally Posted by Sunny_Glesga
I wuldnt mind listening to everything you have to say, I have also thought about going down this route.
Keep us updated
Keep us updated
No probs.
So far, we have found some land we liked the look of. We called up the agent and asked if a soil test had been done yet. It had, but it was a P rating, which by all accounts wasnt the best scenario. P rating means there is a Problem. In our case it is that there is between 800mm & 1500mm of fill on the surface of the land which will impact the cost of our slab. I have called up the company my Mum used to do her slab and they have given me a rough quote to how much extra the slab would be. I will use this to try and get the cost of the land lowered. Will be putting in the offer tomorrow morning.
I have also contacted the bank we have our mortgage with to find out if we can borrow enough to do the project and also if the money we need to build the house can be borrowed on a 'line of credit' basis. That way we get a cheque book and can pay as we go instead of in stages like you do with a Project builder. My Mum said its the easiest way to do it and gives bargaining power to the tradies as they get paid quickly, and some will do cash work for you to keep the costs down.
Last edited by Hels; Apr 26th 2006 at 12:53 pm.
Apr 26th 2006, 7:24 pm
#10
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Re: Owner Builder?
Originally Posted by Hels
No probs.
So far, we have found some land we liked the look of. We called up the agent and asked if a soil test had been done yet. It had, but it was a P rating, which by all accounts wasnt the best scenario. P rating means there is a Problem. In our case it is that there is between 800mm & 1500mm of fill on the surface of the land which will impact the cost of our slab. I have called up the company my Mum used to do her slab and they have given me a rough quote to how much extra the slab would be. I will use this to try and get the cost of the land lowered. Will be putting in the offer tomorrow morning.
I have also contacted the bank we have our mortgage with to find out if we can borrow enough to do the project and also if the money we need to build the house can be borrowed on a 'line of credit' basis. That way we get a cheque book and can pay as we go instead of in stages like you do with a Project builder. My Mum said its the easiest way to do it and gives bargaining power to the tradies as they get paid quickly, and some will do cash work for you to keep the costs down.
So far, we have found some land we liked the look of. We called up the agent and asked if a soil test had been done yet. It had, but it was a P rating, which by all accounts wasnt the best scenario. P rating means there is a Problem. In our case it is that there is between 800mm & 1500mm of fill on the surface of the land which will impact the cost of our slab. I have called up the company my Mum used to do her slab and they have given me a rough quote to how much extra the slab would be. I will use this to try and get the cost of the land lowered. Will be putting in the offer tomorrow morning.
I have also contacted the bank we have our mortgage with to find out if we can borrow enough to do the project and also if the money we need to build the house can be borrowed on a 'line of credit' basis. That way we get a cheque book and can pay as we go instead of in stages like you do with a Project builder. My Mum said its the easiest way to do it and gives bargaining power to the tradies as they get paid quickly, and some will do cash work for you to keep the costs down.
Cheers
Buzzy
Apr 26th 2006, 9:25 pm
#11
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Re: Owner Builder?
Cheers for the detail - I'll be interested to follow your progress
Apr 27th 2006, 6:21 am
#12
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Re: Owner Builder?
Well......Hubby and I are now the proud owners of a patch of dirt!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
Apr 27th 2006, 6:22 am
#13
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Joined: Apr 2004
Posts: 65,493
Re: Owner Builder?
Originally Posted by Hels
Well......Hubby and I are now the proud owners of a patch of dirt!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
Apr 27th 2006, 7:43 am
#14
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: Owner Builder?
Originally Posted by Hels
Well......Hubby and I are now the proud owners of a patch of dirt!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
Just agreed a price, got it for $63k down from $67k.
So now the fun begins!!!
We are in the middle of the council battle at present; apparently Wingecarribbee council has the highest legal bills in NSW because of their ridiculous building policies!
Apr 27th 2006, 8:58 am
#15
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Posts: 1,808
Re: Owner Builder?
[QUOTE=Hels]No probs.
So far, we have found some land we liked the look of. We called up the agent and asked if a soil test had been done yet. It had, but it was a P rating, which by all accounts wasnt the best scenario. P rating means there is a Problem. In our case it is that there is between 800mm & 1500mm of fill on the surface of the land which will impact the cost of our slab.QUOTE]
If there is that much fill you may find over time that the house may not have moved due to the footing design, but your fencing, paving, etc may.
WW
So far, we have found some land we liked the look of. We called up the agent and asked if a soil test had been done yet. It had, but it was a P rating, which by all accounts wasnt the best scenario. P rating means there is a Problem. In our case it is that there is between 800mm & 1500mm of fill on the surface of the land which will impact the cost of our slab.QUOTE]
If there is that much fill you may find over time that the house may not have moved due to the footing design, but your fencing, paving, etc may.
WW