Hi All,
Just wondering what type of conditions should be placed on the purchase of a House and Land Package? Obviously subject to finance will be one, just interested if others should be applied, such as around the build times etc?
Thanks in advance.
Beaka
Yes build time and cost of loss of rent if the schedule blows out should be addressed. Also builders insurance that covers you if they go bust or have quality issues with their works and an agreed progress payment method for the works that the bank are also happy with.
Written confirmation by council that the proposed plan fits on the block.
You will also need to make sure the provisional costings are suitable for your standard of building. Some PCs are set at a low level and if you were to build at the price the fit out quality can leave a lot to be desired.
Check PC for site works is sufficient for the block in question. As above PCs for site works often do not take into consideration that actual block. Advise you to at least look at the block so you can determine how 'flat' it is. The steeper the slope, and it doesn't take much of a slope, the higher your site works will be.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
