Frequently Asked Questions

You’ve Got Questions–We’ve Got Answers

Find out if we’ve already addressed the questions on your mind. If there’s something we haven’t covered, get in touch with us today.

My Builder Finder is here to help.

IS NOW A GOOD TIME TO BUILD A HOME?

This is usually the first question that is asked by clients so that they can feel comfortable that they are making a decision at a good time in the market. Almost anytime is a good time to build a new home, your property value will continue to grow over the years and you will enjoy the equity growth that your property produces. My Builder Finder knows which suburbs are the best performing so we can recommend suburbs to you to consider. The longer you wait to build a new home with the thought of "When the property market gets cheaper, then I'll build", the more you will pay to build your new home and purchase land. My Builder Finder has already researched the builders and seen what they can promise and what they can deliver. We work with only a handful of the most reliable builders in the industry. Our builders must pass a 10 point checklist before we work with them, some of these requirements are: Build Quality, Build Timeframe, Fixed Price, Turnkey, Efficiency from Initial Deposit to Handover of the home.

HOW DO YOUR FEES WORK?

My Builder Finder does not charge a fee to our clients for our service, we have agreements in place with our builders that allow us to generate new business for them and process the initial stages of the sale/build (Quote and Build Contract). We also stay involved in the project until the end are only one phone call away for any questions or concerns.

WHAT DOES FIXED PRICE AND FULL TURNKEY MEAN?

Great Question!

FIXED Price means your build contract price is completely fixed and will not change, this allows you to sign on the quoted amount and take the contract to the bank and have peace of mind that your quoted price IS the FINAL price. FULL Turnkey means we include interior and exterior finishing items, these include: Driveway, Letterbox, Front Landscaping, Rear Landscaping, Clothesline, Blinds, Cooling, 2590mm Ceiling Height and much more. This allows you to have a fully completed home so all you have to do is just move in. Our turnkey homes also allow investors to have a fully completed property that their tenants can move in to. Interstate investors like this option from us as it allows them to have a completed investment property in another state and not need to to organise landscapers and concreters etc to complete the home pre tenants.

ARE YOUR BUILDERS FINANCIALLY STABLE?

We only choose to work with reputable builders who are either financially backed by a parent company or financially strong with minimal debts and overheads. We take this very seriously, a builder that goes into liquidation leaves a trail of heartbreak for it's clients, sales agents and trades. My Builder Finder ensures that builders are continuously checked for their financial position to ensure the jobs in the system will be completed.

DO YOU VISIT OUR BUILD?

Our team visit every one of our builds Australia wide to ensure that the build progress matches the projected stage completion dates and to check on build quality and any errors and rectification works. Our team will send our clients photos and short videos of the build at each stage. We are in contact with our builders weekly to be aware of any updates, invoices, stage payments, rectification works, PCI and handover of the property.

CAN WE BUILD MULTIPLE PROPERTIES WITH MY BUILDER FINDER?

It s our goal to form a relationship with each client that is a long term relationship resulting in a number of properties being built and our client's financial position grow to produce a high amount of rental return and equity. We work with our investor clients to set up a financial goal of building 5 properties with us. We have had some clients build 6 and 7 properties with us across Australia and have seen the value of their property portfolio expand rapidly!

DO YOU BUILD KNOCK DOWN REBUILD PROPERTIES?

Dirt is getting more and more expensive across Australia and you have most likely lived in your property for 20+ years and are now considering knocking down your current home and rebuilding. If this is your plan you will be working with our Director who has completed a number of Knockdown Rebuild projects and has the knowledge and experience to provide our clients with a detailed overview of the project, regulations and requirements, costs and a full quotation. Our experienced team will work with you over many months and many appointments to walk you through each stage of the process including Town Planning, Energy Reports, Arborist Reports and much more. We work using a 2 stage process for all of the documentation and approvals, this allows us to clearly complete each stage and its contents and then move to a Building Permit.

WHAT IS A DUAL KEY PROPERTY?

Dual Key properties are homes that look like a normal 25sq to 30sq home approx from the front but have a divider wall through the middle that separates the home into a 2 bedroom and a 3 bedroom space. This allows for 2 rental incomes from one property. Some investors choose to rent out both sides to the same family (Parents one side, older kids on the other side). This type of tenant will rent the property while their new home is being built OR it gives the Parents and the kids some space from each other. Dual Key properties are a very smart first investment as there are 2 income streams to cover mortgage costs etc - if one side of the dwelling is empty, there is still income from the other side. Call us today to find out more!

WHAT IS A CO-LIVING PROPERTY?

Co-Living Properties are a great way to make 3 or 4 income streams from one property, this is achieved by having a 3 or 4 bedroom home with matching Ensuites and Storage Cupboards. These types of properties are perfectly matched to young single people who work at a Hospital, want to live near a train station, teachers who want to live near a school. The options are almost endless!! Call us today to find out more!

WHAT IS A SMSF PROPERTY?

CAN I GO BROKE INVESTING IN PROPERTY?

Great Question!!

When it comes to investing in property you would need to make several bad decisions to lose money, some of these include:

Choosing the wrong suburb (low performing suburb = longer to build equity, higher crime etc).
Working with the wrong property agent who will sell you anything to make a commission and then wont answer their phone! (Beware the fast talking agents who are selling the poor performing properties in bad areas. Some of these bad agents will promise a lot more compared to what they can deliver. Fixed Price or all included just to get your deposit and then hit you with "The Truth" in regards to costs. They might look like the cheaper option initially but soon become the very expensive option and you will need to pay the difference and beg the bank for more money. This exhausts your savings and could force you to sell the property.
Choosing a house and land package when you should be choosing a One-Part Contract. Construction with a house and land package means you have a land contract and a build contract, the build contract has 5 stage payments (Slab, Frame, Lock Up, Fixing, Hand Over) This means you have to pay an amount of money at each stage (usually by sending an invoice to your bank to pay to the builder). The safer option is to build a One-Part Contract home that allows you to pay 10% at deposit stage and 90% at completion; this means you will not have to pay 2 mortgages while the property is building. Please call us to find out more about One-Part Contract Properties.

The Good News! If all goes bad and you can no longer keep the property due to financial hardship or similar, you can sell the property and put the equity from the sale of the property into your bank account or current mortgage. This will allow you to live off the money you have made from the sale of the property while you get back on your feet financially!

WHAT IS YOUR BUILD WARRANTY?

This is a very grey area in the build industry in particular with the larger volume builders promoting a 25 year or 50 year build warranty. In most cases these warranties can be pulled apart and it can be easily seen that they revert back to the industry standard warranty of 7 to 10 years. A 7 to 10 year build warranty is all that is needed when building a new home; most people only live in their homes for 7 to 10 years before they either build a new property or buy an established property. The days of the "Forever Home" are almost over; people are moving interstate or overseas a lot more now so there is lower demand for "Forever Homes". We generally offer a 7 year to 10 year warranty for our properties, the reason for this is that we place our focus on the build process and ensuring it is completed to a high standard and any rectification works that are required is completed pre-handover so there are little to no issues post handover.