Saturday, March 28, 2009

Photo time

I’m really not liking having a blog and not being able to post photo's lol.

I went to pay the final deposit on the land today and while I was there I visited roughly were our land will be. As the stage in the estate our lot is in hasn’t been developed yet it’s just a pile of dirt. Below are some photos.

They will probably be interesting to look back on once the house is built.













Tuesday, March 24, 2009

March Update

Well, it’s been awhile since I did my last update. Nothing too interesting to report other than spending alot of time in front of the photocopier and constantly signing documents.

Porter Davis
Since the last visit to Porter Davis and paid our deposit not much has happened in the way of colours and variations.

We became worried when it wasn’t until 20/3/09 that we had had some form of communication from them. That’s exactly a month later after paying the deposit. It didn’t bother us too much just concerned that nothing was happening. Luckily this has been resolved and I have been introduced to our Customer Service Coordinator.

I have booked in our Contract appointment with Porter Davis for the 5th May. This will mean that we will have no problem with the First Home Owners Grant and Timing of Contracts and Building. This brings us within 26 weeks from contract date to site start.

The National Tiles selection appointment is on the 28th April to finalise the tile selection. Georgie has a uni exam that day so I am trying to change it but if we can’t we will finalise all the selections earlier and when I go in i will just confirm that is what we want.

Land
Due to the massive workload on the banks at the moment, it took much longer than expected to gain formal approval from CBA. We had to extend the finance approval clause in the land contract for another 2 weeks. Luckily after we applied for an extension the bank approved the loan.
This coming Saturday 28/3 I will be paying the remainder of the land deposit.


Bank
As I mentioned above because of the FHOG coming to an end the banks are backlogged with loan applications. This caused our loan approval to take ages and constant sweaty palms lol.

That’s about it for the moment. Georgie has been buying heaps of stuff for the house like frypans, cutlery and glasses. I think she is now hooked on buying stuff. Well atleast its not coming out of my pocket rofl! And it keeps her busy!

Thursday, March 12, 2009

BBQ's - Quick post in response to bigred's

I couldnt post a picture in the comment on Bigreds blog so I thought I would post this on mine.

Georgie and I went to Bunnings at 8.55 in perfect time to check out their BBQ's on offer.

I dont cook, and definantly dont cook anything fancy. Snags, Onion and Steak is about it.

Found this 6 burner hooded BBQ from Bunnings for $499 on sale. Looks pritty good to me. The only reason I didnt buy it is it probably wouldnt fit in Georgies car rofl.

Jumbuck 6 Burner 'Voyager' Hooded BBQ





Features

  • Sliding Cylinder Tray
  • Electronic Display
  • Rear Burner
  • 201 Stainless Steel Fascia

Saturday, March 7, 2009

Lucks Changed! Back on Track.

Hi all.



Lucks finally back. A fun roller coaster of fun. After the issues discovered in the below post we have found a way around them all. A big relief to say the least.

The bank is unconditionally approving the land loan now. Porter Davis are preparing the contracts! Bit of a change to a week ago. Now just awaiting the valuation of the land (who knows how they do this when it is still hills of dirt lol)

We went to Hopetoun Interiors (again) on Saturday. We have pritty much finalised our color selections and bricks etc. I will update soon as I dont have the samples and names with me.




Tuesday, March 3, 2009

Naïve, poor research, incompetence of 3rd parties or just bad luck?

Hi All.

What a week it has been.

I don’t mean to sound pessimistic but the hopes of our Dream home the Stanford 24 on lot 888 Henty Park at Pakenham is not looking good.


In saying that I’m still trying to stay optimistic about the situation and many thanks to all on the homeone forum that have given great advice re the situation.

Well where do I begin?
Three factors have been brought to my attention which could very well cause the collapse of building the home.

1. First Home Owners Grant
I have give credit to the big chief (bigred) on bringing this to my attention. The first home owners boost states that:

Taken from the SRO VIC website (http://www.sro.vic.gov.au/sro/SROWebsite.nsf/taxes_firsthome_boost.htm)

New homes being built under a building contract To be eligible to receive the
$14,000 Boost for building a new home, first home buyers must have entered into
a contract to build a home between 14 October 2008 and 30 June 2009 (inclusive).

In addition:

construction must commence
within 26 weeks of the date of the contract


the contract
must specify a completion date for building work within 18 months of the date of
construction commencing or construction must be completed within 18 months of
the construction commencing.

In limited circumstances the Commissioner
may approve an extension to the commencement and completion date where the delay
was outside the control of the parties and could not have been foreseen at the
time of entering into the contract.



This is going to be an issue. The reason being so is that our land does not get titled until August 2009. Porter Davis has set the site start date as October 31st. So unless we hold of on signing the contract which is expected to be ready in 6 weeks then we will be over the 26 weeks and not be eligible for the FHOG.



A condition of the banks approval is that eligibility for the FHOG is a criteria before completely approving the loan.

The only way I can see around this is to ask Porter Davis if we can change the Site Start Date to September which will bring us in line with the 26 weeks. In all honesty I don’t care if they don’t start by then as its beyond my control according to the SRO, so long as it is the earlier start date in my signed contract.

2. Land and Loan Approval Timing.
Our land contract states that we must have full approval for the land by 13/3/09. With the contracts 6 weeks away, guess what? Up sh!t creek. We can apply for a 30 day extension on the approval date, but even that will be tight unless PD get there gear in order. And this is taking into account they can move the site start date to an earlier date.

3. Soil tests and Contract
This is an issue I didn’t think of until a member from homeone forums went through the same situation and told me that it may be an issue if Porter Davis does not do a soil test until the land is titled. This would mean that if they need a soil test to have the complete contract ready, then we would not be able to sign the contract until August and therefore be completely ineligible for the FHOG. This issue is not been confirmed with Porter Davis yet, and am awaiting a reply from them re the above. The block we have put our deposit on was a block that has been verified by PD for fixed site costs so I am hopeful this would not be an issue.

I am still slightly hopeful that we will be able to resolve the issues above, but in the case of it falling through it could have been worse. I could have lost thousands on deposits, or I may have been informed of these issues when it’s too late to pull the plug.

In saying this if this does fall through, and the unfortunate circumstance arises that I will have to pull the plug on our building dream I won’t give up.
I’m also thinking if this is the case, then I will buy an already build home (built in the last 2 years), and we won’t be able to choose the floor plan and customise as much as building, at least we will have a home of our own.

I will keep you all updated with any developments

James