Will builders still build to lock up?
Any help or advice is appreciated
Kommentarer (10)
PROPaul Di Stefano Design
5 år sedanexecuting Owner Builder projects these days really is consolidated to projects that can be self funded - banks and building surveyors are becoming increasingly cautious when it comes to owner builder projects and fair enough too......
Experience/knowledge aside, unless you are retired, on long service leave or have a passive income and have money in the bank, it's questionable whether you'll overall save money when you factor your own time and risk into it.....after helping several clients with owner builds, and doing a couple of my own, (& I know what I'm doing) my opinion of this approach has shifted significantly over the past 15 years or so..........as a general pattern, it starts off as exciting, but the projects are harder to finish, and when the money runs out there's a big risk of being caught in no man's land where you've spend more than anticipated, the jobs unfinished but you need more money to finish it properly to either re-finance of release funds somehow......
My advice (for mental health!) is to approach these projects and engaged with this industry as professionally as possible with clear packaged proposals. Sure build some flexibility into the contract say for choices on finishes etc, but I'd now confidently advise people the best approach for construction projects, to minimise risk and for a most smooth process, is to "front end" investment in comprehensive design, documentation & specification that can then be clearly packaged/presented to a (reputable) builder who can then fix the quote and execute the construction stage far more effectively and efficiently than someone "having a go piecing it all together for the first time", regardless of whether you may have some close industry contacts as support....
Best of luck! Cheers PD :)
Kellie Kouts thanked Paul Di Stefano Design
oklouise
5 år sedanin our experience it's much easier, quicker and cheaper to have a builder take care of subcontracting as you've already discovered the trades aren't usually keen to work for owner builders on big jobs although we've had a builder stagger a major renovation to lock up and subcontracted the rest but only because they expect future work from us
Kellie Kouts
Författare5 år sedanThanks everyone for your input. 3dga has been really helpful and provided some contacts. My husband is keen on being very involved and working part time has capacity but I would like to pursue the builder route so we can ensure the trades come to site and the project doesn’t drag on. Hence why I wanted to pursue the build to lockup which is a compromise. I hope we can get something worked out to get this project started within the next year?!
PRO3DA Design Drafting and 3D Visuals
5 år sedanOne thing for certain. And people tend to forget is, always remember that its your job site.
If you see something you don't like, say it out, or it will never be fixed.
And don't be scared to change tradies if they don't suit you. A little setback is better than ongoing trouble.OskarBB
5 år sedanHi Kellie, just wondering how you've progressed? I'm in a similar boat to you and would love to hear how you're going! Might have to look to use a builder to get to lockup although very keen to move along as an owner builder.
Kellie Kouts
Författare5 år sedanHi Oskar, my husband is still very keen to pursue the owner builder route from the start! We have have Spoken to a few more concreters and they have come to see the site so fingers crossed. I think this construction boom is making it hard for the owner builder, Thats for sure!
alex from 3DA was really helpful with some names and I will be talking to them early next year if nothing further eventuates. you may be able to message him and get some contacts. good luck!
- PRO
3DA Design Drafting and 3D Visuals
5 år sedanOskarBB.I only know builders in Sydney area.If you are in Syd, then you are very welcome to message me.
Alex
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