Well, we received our quote from National Builders-and i think that I'm still quivering-$262,000! Because of the soil test as "H", they want to add $5500 to the cost of the slab!
The cost of the water tanks is also $5000 more than what the builder indicated it should be (I'll be contacting local suppliers and getting other prices)...other than that quoted items were actually reasonable. We had got NBG to quote on a verandah across the front of the house, which came in at $11,500.If the loan is approved I think that we will delete the verandah as a luxury, not a necessity (the house will front South West).
In regards to the soil test and slab, we have had another company peruse the Intrax report and give their opinion as to whether we should have another test done in order to get a different recommendation. The reply was that their company would rate the slab as requiring "m"with 600m footings-so we are waiting to see whether or not that is a cheaper option.
We have submitted the quote and land contract to the Bank for our loan application and are now waiting upon valuation-which can take up to a week. Our issue will be that although we have paid $90,000 for our acre, our land can immediately be sold off as two half acre lots (at $75,000 each)due to the two titles. We need the at completion valuation to reflect this so that we can avoid mortgage insurance.......
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