Building Tips & Helpful Information
At Warren Taylor Homes we're passionate about helping our customers turn their ideas into a reality through our commitment to building quality homes and turning our customers dreams into a reality.
This page is dedicated to helping you better understand the building process so that you can be prepared for the journey of building a new home.
- First points of call when looking at building a new home is your finance.
- Some people will use the bank that they always use and some people are open to going to a Mortgage broker.
- The main thing that you need to know is how much money that you can borrow.
- If you already own a block with or without a mortgage, then you can use that block as equity when building a house.
- If you don’t own a block, the best to approach the process is to do a house and land package deal. This means that you will only buy the land if you can obtain finance for both house and land, so you won’t get stuck with a block if your finance falls through. It’s very important to write this on the contract when you make an offer on the block
- First Home Buyers have more of an incentive to build a new home because the government will pay their stamp duty for the block and also gives the client back $10,000 when the slab goes down.
- If you’re not a FHB and you buy a block and you build on it within in 5 years you are also eligible to receive a portion of your stamp duty refunded.
- Using a broker is that the broker will endeavour to find the best deal from all financial institutions that will suit your needs.
- If you are apprehensive in approaching a bank or mortgage broker, we will help you out in sourcing your finance.
- Do not take on a loan amount that exceeds your means (for example you may be told you can borrow $700k but you may only be comfortable paying off a $500k loan). It may be nice to have a new home but you also need piece of mind that repayments can be meet.
- Each financial institution may require you complete your new home to different levels, you may need a turn key package or further inclusions like landscaping, window treatments, fencing etc this may impact how much money you need to borrow which in turn have an impact on your repayments.
- If your time poor and find it hard to get into some of the institutions, we can help you find out how much you can borrow and what your repayments are and arrange for all of the paperwork to be complete through one simple meeting at Warren Traylor Homes.
One of the most important parts of the building process is your Siteworks and for the inexperienced it can cost a lot of money if they are give the wrong information.
Here's some helpful information to help you better understand the process. Siteworks are a very important part of the building process so be sure that you ask the right questions of your builder to avoid any hidden costs.
House Sketch Drawings
Now that you know how much you can borrow and have chosen your block the next stage is to design your new home.
Depending on your block, whether it is a normal town block or your on acreage can depend on your house style.
Some people know exactly what they want and others know what they like but aren’t quite sure how to design it.
The best way is to come into the office and go through all the plans that are available and you may find one that is very close to what you’re thinking or if you see two or three features in different plans that you like then we can redraw them into one sketch.
This may take a few re-draws of the sketch, but it is necessary to make sure that you that you are achieving exactly what you want.
On the other hand if you know what you want but can find a plan which is close, your can draw a rough sketch with some room areas and we can then draw a proper sketch from that.
Some people may also outsource a drafting company to prepare a sketch which they pay for and they also own the copyright on and only require a quote.
Once your sketch and elevations are complete that is enough for us to supply you with a full written quote for your new home.
The more time and effort you put in at this stage is important, so don’t be rushed into something you don’t require.