i’ve always been wanting to share this news but husband and i have decided not to share it in social media as we both feel that only the people close to us will feel happy about it.
no, i’m not pregnant. haha! in fact, this news that i’m going to share will prevent me from being pregnant…well at least for the next two years.
i’ve decided to document our first home journey or we shall call it “project rolleston”, only here in my blog page. yay!
so why “project rolleston”? it’s because that’s the town where we are going to have our first home. the idea of owning our own house came last year around september or october when one of our friends kept on complaining how high the rental rates here in christchurch. we all thought of instead paying a rent that will make the landlords rich, why not have our own place and pay for that instead. it may take us years to finish paying it but it’s still ours and we have something to leave for our son.
stage 1 (sept – oct): together with our couple friend, we spent most weekends visiting open homes and show homes. looking at the beautiful houses and designs make us more want to have our own place!
stage 2 (oct – nov): after we convinced ourselves that we are ready to have our first home (and commit ourselves to the scary mortgage world), we approached some home building companies and talk to them about our requirements. since we have a limited budget, we limited our requirements to a basic 3 bedroom house, an open area for dining and kitchen, a living room, 1 toilet and bath separate and a garage. i requested to have the toilet and bath be removed from the master’s room simply because I HATE CLEANING TOO MANY TOILETS. we limited our choice to two home building companies as the more choices we have, the more confusing it will be. so we did our research and approached the two with most positive reviews. we also started looking for a section, since we are planning to build from scratch which is cheaper compared to buying an already built home and land package.
stage 3 (nov): we were able to choose the home building company that gave us the best plan based on our requirements and also provided the best flexibility in terms of payment. this company offered turnkey solution which means we just have to pay the 5% of the contract price and they will build the house without us paying for anything. we will just wait for the house to be completed and after that we will settle the rest of the amount. we also got the section we like, a spacious 700sqm section, because it was one of the cheapest that time. now i realize, the large section has a downside because the maintenance will burn our wallets.
stage 4 (nov): we signed the contract after being reviewed by our solicitor.
stage 5 (nov): we paid the 5% deposit. we are also talking to the mortgage broker so he can get the best deal for our home loan aka “mangungutang na sa bangko – my goodness”.
stage 6 (nov – dec): we had a meeting with the project manager handling our project. he gave us the contact list of suppliers to approach. this is the most exciting yet happy stressful stage of the build because this is the time we choose the look and feel of the house like color of bricks, wall paint color, plumbing like what toilet seat and tapware i like. by the way, choosing tapware is exciting! if there is any deviation from the basic plan and our choices, it’s considered an upgrade and we’ll have to pay the extra which they call “variation”. this variation will then be itemized during the settlement date. i learned that there are 50 or more shades of grey and white, sleek and elegant tapware and the best looking toilet seats. it’s tempting to get the best ones and work within the budget at the same time.
stage 7 (dec – feb): after we signed the variations and finalised the choices for our home, the home building company is also working on their side making sure that consents are requested and granted for the construction to officially start.
stage 8 (mar): construction officially started. it’s exciting how your dreams start to unfold in front of your eyes.
currently (may): the house is almost complete from the outside but there are still lots of outstanding work to be done from inside like painting, build the kitchen, electricity wiring and flooring. most of the time i look for home inspiration looks using the houzz app in my phone. i want a scandinavian minimalist look for the house…because our money is minimalist too! ha ha ha.
we were given a tentative settlement date of august and most likely to move in by september. still got extra time to save more money for the settlement date which involves paying the partial down payment, professional fee for the lawyer, moving in costs and also buying new furnitures and appliance.
exciting…yay! paying…nay! apart from bills and daycare fees, the looming mortgage fees really scares me. we haven’t done much shopping in a while because of this project but looking at it, everything is all worth it and we are excited to move in to our new house this coming spring.