- Upfront fixed site costs for all blocks with available engineering plans*
- Your new Boutique home, your chosen facade and any floorplan design options
- Developer guidelines and Council costs
- Any upgrades you choose within the home
- An allowance for additional colour and electrical selections, if desired.
To ensure transparency and price certainty with all our customers, as of 21 May 2018 we introduced a new Pricing Policy. This takes into account the widespread delays in the titling and registration of land in Victoria, which is causing some confusion and concern among customers, especially as the costs of building are increasing.
We believe this commitment to upfront pricing leads the local Victorian market and will provide peace of mind and certainty for our customers.
In your Preliminary Works Contract (PWC) Boutique Homes guarantees fixed pricing up to 15 months to title. Following this, upon signing your HIA New Home Contract, we now include a 12 month grace period from the estimated title date included in your PWC (Preliminary Works Contract). This allows for any potential delays in your land title.
In the unlikely case that your land title delay does blow out past the time allowed for in your PWC and your HIA New Home Contract, there is a monthly fee up to the event of land title.
Single storey homes: $900 per month
Double storey homes: $1,200 per month
We believe that this is a fair and transparent way to minimise both the uncertainty and cost increases caused by delays in land titling.
Click below to read the full details of our Pricing Policy, or reference Frequently Asked Questions below.
Alternatively you can contact a member of our team for more information on 9674 4500.
Frequently Asked Questions
Is my purchase subject to finance?
What additional costs could I incur as a result of becoming a property owner, that aren't part of my Home or Land contract?
What is a land title?
What can impact my forecast title date?
- Generally developers will have sufficient contingencies built into their forecast title date to allow for delays. During times of high demand, such as a strong market, each step in the process can take longer than usual – add all of these small delays up and they can become long delays.
- Weather plays a large part in the time to complete the sub-division. Long periods of wet weather can have an enormous impact on the time to complete works onsite – again, good developers will have sufficient contingencies built into their forecast
- The point in time in which the purchase was made can impact the accuracy of the forecast. If the purchase was made prior to the developer receiving planning approval, then delays are quite likely as there are significant and critical approvals still required most of which are outside of the developer’s control. If the purchase was made closer to construction completion, there are only a few steps to go most of which are inside the developers control. The further advanced the stage is the less delays typically occur.
- Were the timeframes realistic to begin with? The process of developing a block of land so that is ready to have a home built on it is a long one with many moving parts however all of these must be completed prior to settlement occurring and any builder being able to commence construction of a new home.
Should I wait until my land titles and is registered to me before engaging a builder like Boutique Homes?
If my land title takes longer than expected, how much extra will it cost to build my home?
Why should I pay extra money for my home when the delay in getting started, beyond the extra 12 month price hold period is not my fault?
What does this mean for my finance arrangements?
In the unlikely event that additional costs are incurred and you wish to include these in your financing arrangements, it is important that you approach your mortgage broker or Bank to evaluate your options.
Would you like more information?
For more information, please contact a New Homes Consultant on 9008 7475 or send us your details and we will get in touch.