Time to Make a Move!

The market is showing all the classic signs of recovery - unemployment is trending down, consumer confidence is on the up, vacancy rates are shrinking and the current surplus housing is being mopped up by investors, who know a bargain when they see one!

At the moment build times are excellent and this can be a real saving to somebody looking to buy their first home, or an investor looking to get a quick solution and some income rolling in. The shorter the build time, the less interest you have to hand over to the bank, while you're still renting and the sooner you'll be into your new home.

Currently materials are available and so are the trades people, to build the home. As the market picks up pace, this will tend to reduce and then build times will become longer and this may add a couple of months to the build and an extra 2 or 3 $K's to your interest bill and means you could also end up paying a couple of extra months rent on top of that!

Another thing to consider with build times is your builders capacity to start projects. A lot of smaller builders can sound impressive and sometimes even be a little bit more "boutique" like with their designs and specifications. It all sounds great, but if they don't have a sufficient "indemnity" policy in place, they can be greatly restricted in how many jobs they can have underway at any one time. This can then really blow out your build times and result in many extra months of rent and interest, not too mention the disappointment of having to wait several additional months before you can pick up the keys to your new home!

In summary, look for a builder with a solid reputation and one that is capable of carrying on a large number of projects and your build time will reduce and that can only be a good thing!