Step 1: Getting startedWhich do you find first – the home design or the block of land? Why not talk to a Sales Consultant at one of our displays first. Discuss your family’s needs and likes and we’ll suggest suitable home designs as well as provide advice on a suitable block. Your Sales Consultant can ensure the home design you like will fit onto the block, before you go ahead and buy it.
When looking for suitable blocks remember that gentle sloping or flat blocks are generally more preferable because they can be easier and less expensive to build on.
If you have already bought a block of land, we’ll provide advice on which home design will best suit your family on that block. Your Sales Consultant will discuss everything from the size of your home, the number of bedrooms, the size of each room, the outside appearance of your home, the ceiling height, outside patio areas and so on.
In fact, we’ll take you through just about everything you need to consider when planning a home that’s perfect for you and your family. |
Step 2: Getting down to businessAny one of Coral Homes’ standard plans can be modified to suit your family’s specific requirements.
Once you have settled on the plan that’s right for you, your Sales Consultant will prepare a “Preliminary Estimate” which includes your changes to the standard design plus any site works required on your block.
Upon your approval of our Preliminary Estimate we will prepare a Preliminary Agreement. A fee paid at this stage is fully deductible from the final contract price of your home1. This fee covers the following requirements:
• Soil testing
• Contour survey
• Site inspection
• Wind rating assessment
• Sewer plan assessment
• Preparation of “New Home Tender”
• Preparation of contract documents
• Preparation of full working drawings
Completion of testing and surveys allows Coral Homes to fix the price of site works
on your block. |
Step 3: Pre contract checkWith all your changes finalised and formally documented, and associated prices fixed (including the price of site works), Coral Homes’ Head Office will issue a “New Home Tender”.
Your New Home Tender provides you with an opportunity to check that all your requests have been included before you proceed to signing a contract. Your Sales Consultant will go over the tender with you and address any questions or concerns you might have. |
Step 4: The contractOnce you are happy with the detail and have accepted the New Home Tender, your Sales Consultant will request a contract and working drawings from our Head Office. These documents will require your signature and will be countersigned by us before an original set is returned to you for your records.
If you are arranging finance2, Coral Homes will send you all the necessary documents (including a copy of your contract and plans) for you to forward on to your Lending Authority so they can prepare an “Authority to Commence Construction” letter, one of the important documents Coral Homes needs before construction of your home can commence. |
Step 5: ApprovalsCoral Homes will prepare your building and plumbing and drainage applications once your contract has been signed and the balance of your 5% deposit (i.e. 5% of the total contract value) has been paid in accordance with your contract.
These applications cover all aspects of your new home. As you can appreciate, building a new home from scratch is a complex project, and there are many things which need to be considered. Your lender will be notified once Coral Homes has received your building and plumbing and drainage approvals. |
Step 6: Clever choicesOne of the best things about building your own home is that you get to choose the colours, fittings and fixtures that perfectly reflect your family’s personality, tastes and needs. We’ll let you know where to go to view samples, finishes and products to help you make your decisions.
Along with the finishes, you will also get to choose the electrical layout of your new home, and we’ll provide you with sample electrical layouts to help you do this.
Once you have decided on your finishes and electrical layout, you’ll meet with one of our Finishes Representatives to formally document your final selections. |
Step 7: The green lightThe construction of your new home can commence once we have received all the necessary documentation including your building and plumbing and drainage approvals and details of your finishes. We will also require an “Authority to Commence Construction” letter from your lender (if you require finance), or if paying with cash, evidence of a joint account2. These documents give Coral Homes the “green light” to start building your home.
You will be invited to attend the preparation of your house pad where you will meet your Building Supervisor, who will be your first point of contact during the construction process. You will be given contact phone numbers for your Building Supervisor and Construction Manager, both of whom are available to answer any questions you may have during construction.
When the house pad has been prepared the concrete floor slab of your new home will be poured and construction will be well and truly under way.
You are welcome to visit your new home throughout its construction. We’ll even provide you with a key to access your home at any time after “lock-up” stage (i.e. once it can be secured with locked doors) so you can continue to check on its progress. |
Step 8: Handover time!“Handover” happens when you finally receive the keys to your finished home and your dream becomes a reality!
When all works are completed, you will be invited to attend a “final walkthrough” inspection of your home with your Building Supervisor. Together you will inspect your new home and discuss any items which need to be addressed before you move in.
Once you’re happy and all monies have been paid, your Building Supervisor will present you with the keys to your new home and you can crack open the bubbly! |
Step 9: Settling into your new homeYou can rest assured that Coral Homes’ service to you will continue even after the construction process has finished. We are committed to helping you settle into your new home and to make this process a smooth and enjoyable one.
We will provide you with a maintenance service for the first six months after handover. During this time, all you need to do is record any items you feel need attention and we’ll inspect and address these items at the end of the first six months in your new home. |
Disclaimer 1 Amounts may vary in some areas. Check with your Sales Consultant for details.
2 If you are paying with cash, you will need to set up a joint account with Coral Homes and deposit an amount equal to 15% of the contract value into this account.
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