Buy or build a house??

[ARES]

It'd be a manufacturer defect, depends on who Henley had a "then" deal with to supply and fit centralised "wall" vacuum system.

Actually dont know the extent of carpet Id like, rugs may be the go?

Going to Point Cook this weekend to see whats on offer, quite a few display homes that way.

Now if only Mr Wong would have his ban lifted...it says banned for a week but its been close to two weeks??!! What gives Danni??

 

[- PC -]

No mosque in Doreen, you rebel you

That wont take long either

 

[- PC -]

Having heard horror stories galore from people building ..to me the only purpose of building is getting exactly what you want.But are the things you want at 25 the same things you want at 35 and 45? When my ex and I were looking to build or buy we saw some great designs and ideas and started putting every good idea in until we had a 43 room house with 6 different bathrooms and ceiling sizes.

Personally I feel you can find a close approximate already available. Depends on how much you want to pay and how much your willing to compromise

 

[karikature]

building a house costs much more than just buying an already established house... talk to a local builder and find out the total costs of building a custom home, it probably is much more than you would expect!

 

[ARES]

Karikature, thats what I thought too. Went to Point Cook on the weekend and my conclusion was that pretty much if you want a decent house it will cost about 300k for a Henley & over 320k for a Metricon home. (Double storey as displayed.)

It looking more and more like I will have to manage/oversee the construction of my own home. At least this way I can build it the way I want it and include items I like. Got many good ideas visiting the display homes.
In the end may well be worth the pain.
Quotes, quotes, quotes...

 

[Tim the Toolman]

I'd avoid the big builders very seriously. Private PM me if you want some of their tricks that I've learned.

 

[bogan4life]

Im looking at getting my self a house, i will get the grant and so on but how much do i need to save to get a loan?

Also how much is a a house in the Altona Meadows, Point Cook area dont mind if it is not a newish home.

 

[Muffo]

I heard that one of the grants from the gov't is changing at the end of the year. Cant remember if it's state or federal, but itls like $2,000 less. is that right?

 

[Loyal Lion]

I heard that one of the grants from the gov't is changing at the end of the year. Cant remember if it's state or federal, but itls like $2,000 less. is that right?

Correct. The commonwealth govt is still providing $7,000 after 1/1, however the state govt component will reduce from $5,000 to $3,000 from 1/1.

As a franchise owner with Mortgage Choice, I'm starting to see interest rise again in the first home buyer's market. The footy is over, the weather is better.

As long as you enter into a contract of sale, either to purchase or to build, you'll receive the $12,000 grant.

 

[Skoff]

Originally built a new house in an estate and recently bought an established home about 17 years old. It is amazing the difference in quality.

The established home is solid. Bump into a wall and it hits you as hard as you hit it. Do that in a new home and your up for a plasterer, electrician or plumber if you happen to hit the wrong spot.

New homes are built quickly with generally low grade timbers pre cut in the factory. What happens when this pre cut gets to site and doesn't quite fit?

Whack it up anyway and hope the buyers don't notice.

If you build ensure you take a reputable building inspector to each and every inspection. Make sure that anything the inspector says is corrected before you make stage payment.

 

[Tim the Toolman]

One of the issues you're referring to is the width of stud centres in the frame. Most of the big builders are doing 600 - 900mm between studs, whereas a good builder will do 450mm centres.

If you are considering building, ask your builder what their stud centres are? Anything above 600 is a big no-no and don't be afraid to check out current jobs, do not, I repeat, do not take the sales person's word for it!

 

[Gman]

Hey good reading. I too am looking towards building a house. Anyone out there had experiences with "mass builders"?

 

[Gets!]

For investment purposes I am a HUGE fan of buying an established property. If you are looking for a home to live in for a long time I would build. Why?

1. You can have everything the way YOU want it.
2. Make it is lavish as you like (types of fittings etc...)
3. Choose the location and size of house.

Lets face it, when buying a home you are going to have to compromise on things because there will be something about EVERY house you look at which irks you. If you have a mil, build a house and make it nice and exactly the way YOU want it, especially if you plan to live in it for yonks.

Why buying an established home is better for investment purposes?

1. It's already up. Spend a few K on renovating etc and that's it. No hidden extra costs.
2. You get the home buyers grant off the bat, when buying a block of land you only get your home owners grant when building starts which could be 6 or so months down the track.
3. You could buy closer to the city (not much land available, why more and more estates are coming up a good half hour/hour from the CBD.)
4. People always want to live in houses, so doesn't matter if it's a little ********house (pardon the pun) just make sure it has 3 bedrooms, is presentable and when the time comes to sell someone will want it. Closer to the city the better.

For people in Adelaide this is where you want to be buying a house for investment at the moment"

Marion
Ascot Park
Plympton
Park Holme
Richmond

These areas are a max of 15 min drive from the city and you can get a decent 3 bedroom home on a block about 700 square metres from anywhere from $260k to $320k dependant on age etc of course. AWESOME value.