Carnelian Projects
  • Home
  • Build
    • Build a house to live in
    • Build my investment property
    • Knock Down Rebuild
    • Packages now selling
    • Gallery
  • Services
  • Contact
  • Search
  • More...
    • About
    • Blog
    • FAQ

New Home Building and
Investment Property Tips and News

My own building journey begins!

21/2/2018

0 Comments

 
My land my own building journey
And so my building journey begins! I thought it would be great to start a blog on the building of my own family home. Considering this is what my business is about...Building a new home!!
I will talk about all the steps that need to be taken from buying the land to selecting colours! 
Giving everyone an idea on what is involved in building.
This is our fifth build! My husband and I love building and we surprisingly agree on colour schemes! I think we would be really grumpy with each other if we had to renovate.. too much stress and too much mess!!
This picture is our block of land. We brought the land in April 2017-paid our $1000 deposit and then paid 5% of the land price on "exchange of contracts" 2 weeks later.
The block wasn't even "built" ,all we could see was a big giant pile of dirt up on the hill and knew it was around that area according to the estate plan. From this plan we could also tell the measurements of the block and the slope the land would probably have. For our block the slope is under half a metre.
This is the tricky bit with banks...they can't actually identify the block in these early stages,most people have a pre approval from the bank(the bank tells them how much they can borrow) at this stage and then it is a matter of taking a "leap of faith" with paying the deposit to exchange contracts because the formal loan approval cannot happen until closer to Registration.
Registration is where the land is registered with the LPI office (land and property information) and the boundaries are clearly marked and can be identified by Council.This is also the time that the builder can see the land clearly and the bank can send the valuer out to look at the land.
Buying a block of land off the plan happens all the time.The land sells so quickly in Newcastle that land developers release stages for sale with a registration date 6-12 months after the sale.
Around January this year we were given notice that our land would be registering very soon,so we needed to organise our Finance. Up to this point we had a pre-approval and so it was action stations when were given this notice and all our pay slips and other information were forwarded to the bank so a bank valuation could be ordered for the Formal approval to be given,
We had house plans drawn up by then as well, we are building with one of our Fixed Priced Turn-key builders.They have their own architect who, for a fee ,can draw up a concept plan with all the ideas you have in mind and present it to the builder for the fixed price. This is an awesome service because we were very clear on what we wanted and couldn't find that within their standard plans.
Our block registered mid February this year ,as soon as this happened we were given notice that we needed to Settle on the land within 2 weeks.
We are now waiting for Settlement and are checking that everything is okay with the bank and conveyancer for settlement day.
After settlement happens the builder can move forward with the building process!!
This will be the next exciting step!
​Kerri-Ann
0 Comments

    Opinions expressed in this blog are personal opinions and are not to be taken as financial or investment advice.

    If you have an enquiry or wish to receive further information from Carnelian Projects click here to  Contact Us

    Archives

    September 2020
    August 2020
    May 2020
    April 2020
    January 2020
    June 2019
    March 2019
    February 2019
    November 2018
    October 2018
    September 2018
    August 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2017
    December 2016
    June 2016
    May 2016
    March 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    February 2015
    January 2015
    December 2014
    November 2014
    August 2014
    July 2014
    June 2014
    May 2014
    March 2014
    February 2014
    January 2014
    December 2013
    October 2013
    September 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    March 2012

    Categories

    All
    Building
    Building Your Dream Home
    Building Your First Home
    Central Coast Nsw
    Coffee
    Colour Schemes
    Deposit
    Display Homes
    Fencing
    Finance
    First Home Buyers
    First Home Owner
    Hamlyn Terrace
    Homebuilder Grant
    Home Owner
    House Nearly Finished
    Housing Shortage
    Hunter
    Hunter Expressway
    Hunter Real Estate
    Inspiration
    Interest Rates
    Invest
    Investing In Property
    Investing In Real Estate
    Keep It Simple
    Mortgage Broker
    Newcastle
    Nras
    Property Investor
    Property Management
    Property Manager
    Property Observer
    Purchase Property
    Rental Shortage
    Secret To Investing In Property
    Sydney Work Life Balance
    Tax Depreciation
    What Happens At PCI

    RSS Feed

Home | Build to Live In | Build Investment Property 
House & Land Packages | 
 | About Us | FAQs |
 | Blog | Site Search | Contact Us
Digital Marketing Newcastle:
Website by Periscope Digital
Carnelian Projects Pty Ltd Copyright 2014-2019