New Build Phases

martinsurrey

Fuzzyness wrote: »

house builders will either speed up or slow down how quickly they build out sites depending on demand and how quickly or slowly houses are selling. if they are selling quick and they are acheiving the sales prices they want they'll speed up but conversely if no one is buying and they have standing stock (completed houses but no purchaser) they'll slow down. buying in phase 1 will mean you are the bench mark for how quickly they decide to build and how they would price accordingly. its tricky to say what demand will be like. if you wait to see whether prices will be the same or less you win, but if not and demand is high they'll go up. no one can answer the question of when to buy and it'll come down to your own attitude to risk and reward.

sparky130a wrote: »

Rubbish. HB's gain nothing by hanging around. Quite the opposite with prelim costs and fixed costs like supervision and welfare provision.

They want to bang them up, leave and finance the next site.

Both right in parts and both wrong in parts.

Once a PHASE has been started they want to build it ASAP as sparky says.

but on a large site you might have 10 phases.

If phase one is selling like hot cakes they might start building phases 2 and 3 before 1 has finished building, but if 1 is selling slower than they thought, they might only start building 2 just as one build completes, to keep the site ticking over, as thought by Fuzz.

bruich76

martinsurrey wrote: »

Both right in parts and both wrong in parts.

Once a PHASE has been started they want to build it ASAP as sparky says.

but on a large site you might have 10 phases.

If phase one is selling like hot cakes they might start building phases 2 and 3 before 1 has finished building, but if 1 is selling slower than they thought, they might only start building 2 just as one build completes, to keep the site ticking over, as thought by Fuzz.

Which is exactly what I said. Cash flow is king... they need the cash to carry on building. I.e. they stop building if they are not selling. If they are selling then they have cash flow and pour it into the next phase. Glad we agree

Fuzzyness

bruich76 wrote: »

Which is exactly what I said. Cash flow is king... they need the cash to carry on building. I.e. they stop building if they are not selling. If they are selling then they have cash flow and pour it into the next phase. Glad we agree

but if they are not selling on a particular phase they will slow the build process down. why pay for materials and contractors when the finished house is going to stand empty at the end of it.

tim123456789

sparky130a wrote: »

Rubbish. HB's gain nothing by hanging around. Quite the opposite with prelim costs and fixed costs like supervision and welfare provision.

They want to bang them up, leave and finance the next site.

Obviously that is true of the houses that they have started, but it isn't necessarily true of the whole site


I can show you a mumble mumble acre field that had PP in 2012 for 300 houses on which the developer has built the first 40 (in order to stop the PP from lapsing) and left the rest as farm land.


no doubt they will come back and build them eventually, but the local market just isn't strong enough in the locality to do so now


tim

Fuzzyness

tim123456789 wrote: »

Obviously that is true of the houses that they have started, but it isn't necessarily true of the whole site


I can show you a mumble mumble acre field that had PP in 2012 for 300 houses on which the developer has built the first 40 (in order to stop the PP from lapsing) and left the rest as farm land.


no doubt they will come back and build them eventually, but the local market just isn't strong enough in the locality to do so now


tim

as well as the strength of the local market, there may have been a requirement to contribute to upgrading a new road or junction for example after completion of the 41st dwelling which is why they packed up. there are a myriad of reasons that determine what speed house builders build at.

lee111s

We completed in November (signed the dotted line in July and paid the reservation fee).

The same style of house a few doors down has just gone on for sale last week for £10,000 more than we paid.

tim123456789

Fuzzyness wrote: »

as well as the strength of the local market, there may have been a requirement to contribute to upgrading a new road or junction for example after completion of the 41st dwelling which is why they packed up. there are a myriad of reasons that determine what speed house builders build at.

the new road that provides access to (but not inside) the development has been built.


Not sure if the developer built it, or the council did, as it is part of the local relief road and was needed anyway

tootiemac

I thank everyone for their reply.
The new build estate we are looking at only has 2 plots left for reservation of the style we want out on 12/14 plots.
The next phase is mainly larger house with only 2 of the style we'd like and i suspect they'd cost a little more due to location in site and no-one backing on to their garden (yet).

We really want to see the house in person but the one that's built they wont let us view until late next week due to a missing banister (really its enclosed stairs not free sided!).

So we are trying to decide on risk v reward of doing this.

thanks!

neilio

BrookeWinn wrote: »

House builders always take more time than the said time to complete the construction.

This is not true at all. I bought a new build and was told in February 2016 that the house would be finished between October 2016 and March 2017. As time ticked by, they kept narrowing that completion window, and it was finished at the earliest possible time, on the 1st of October 2016.