Quote:
Originally Posted by snowing
I'm in the same boat soon. Thinking about whether to go owner builder or not. $$$ is definitely one of the factor.
I have the planning permit now, but going to start again since after starting engineering stuufs, things go from ok to worst.
I always think that being OB can safe quite a bit.
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Biggest issue with OB is getting finance. If you decide to owner build make sure you lock it in with Commonwealth bank before you start the build. Commonwealth is one of the few that will approve OB. But they won't approve a partially built house, so I found out. I had only one issue with engineering. But an accredited building designer drawed up my plans; with a $4k price tag to match.....
In my case it was cheaper to OB because travel costs can be as much as $350 a day to get to Mathinna from Launceston. I managed to pay my tradies so far on "mates rates", I'll say no more.... But you get the picture... The cost of my build would come down a fair bit if I had more skill but building is not an easy task if you want it to work right. I bought nearly all my iron SH but at the time didn't know that using sheets from different days at the factory can mean the flutes are not all exactly the same. This has meant stretching and shrinking sheets so they all line up.
I am enjoying being an OB but my biggest stress has not being able to access finance apart from my initial $24k personal loan that I was able to get through ANZ. I had no choice though because no bank is willing to use Mathinna vacant land as security.