Two Steps Forward, One Step Back…

So the previous post talked about a delay with something on the plans being incorrect – well that was sorted very quickly with Boutique, and I was totally wrong in thinking that we needed another site survey – we didn’t!!!  So with moving forward I had no doubt that something would happen that would set us back… and I was correct in that.

So the latest problem and hold up is to do with the bank and paying for this dream home!!!  I’m writing this post as I think it may help others who head down this knock-down re-build (or just build) path.  Our finance was in order, and everything was approved and ready. The problem is that when we had to change our slab, the cost of the build went up, and therefore we need more money.  With the stress of all that was going on, we didn’t even think we would need to get another letter from the bank (or whatever you need to provide the builder – my husband is the CFO in this relationship)  So just as we thought we were about to move to the construction department, we yet again get held up.  My husband has spoken to the bank and it’s fine to get the extra $$$, we just have to go through their process.  (again)  So if like us, the cost of your build goes up, be sure to check your finance so you don’t hit another delay.

So with everything crossed we should move to the next phase on Wednesday – and then we should at least get a start date….  I’m not sure I will know what to do…  But one thing is for sure, when that crazy expensive slab is down I will be cracking open a bottle of champers.

My favourite drop - Moet Ice will be my drink of choice for our slab party!!!

My favourite drop – Moet Ice will be my drink of choice for our slab party!!!

In other news, council is changing our “Land Subject to Inundation Overlay” – they are increasing it… which means they think more of our property will flood in the 1 in 100 year flood.  I honestly believe this is due to the work that was done across the road from us… Previously the vacant land across the road took most of the water.  That land has since been developed into a housing estate.  They have built all the land up so it won’t flood – but in turn, in my opinion, will just push the water to us and our neighbours!!!  We were also told by council and Melbourne Water than we can’t have a brick fence, it needs to be open in style to allow for the natural flow of the water, yet across the road they have built brick retaining walls at the front of the property… Doesn’t seem fair to me!!!  Another example of developers being able to do whatever they want as they have the $$$

Dollar Sign

So stay tuned – I’m hoping my next house related post will be about a start date!!!!

5 thoughts on “Two Steps Forward, One Step Back…

  1. Sounds like things are moving along nicely…I must say you are very right about organising finances and ensuring you can borrow more when the unforseen happen…We have had to tip in 20k ourselves luckily it’s been saved however we are in so many overlays bush flood and the most expensive aviation as we happen to be directly under the flight path…All of these overlays yet we never imagined the expense to come with it, so very important to have some extra finances sorted just in case.. Once again I look forward to hearing about your start day..

  2. Also I’m guessing you didn’t lock in site costs?? Has Boutique given you a rough time frame..Courtney our consultant has been pretty efficient…

    • No, I don’t think we did lock in site costs. Did you do that? Our initial sales consultant said the time frame for the build is around 9 months. I’ve heard of big double storey houses being done in 7 months (with other volume builders), but I’m not planning on that happening – if it did, that would be amazing, but I’m not getting hopes set on a quick build. Also, as it hasn’t even started the build will go across Christmas now so that will add time, and now that it’s winter the rain I’m sure will cause delays.

      • Our time frame for build has been stated at 7 months which is interesting as we are building the same home.. we did lock-in our site costs luckily as there have been added expenses at aviation as we are in the overlay and we are apparently directly under flight path it sure looks like we will be spending an extra 10 to 20 thousand I’m yet to hear back from boutique regarding the variations..
        I would assume you will begin build within appox a month or so.. Well we hope x

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