Things are moving thick and fast now: last week we were invoiced for the base stage (the slab pour); this week the frame is up and construction has reached the frame stage complete milestone. We received a corresponding invoice for $33k precisely one week after the base stage invoice. Seeing the house truly out of the ground is inspiring.
It’s funny, I should be used to the speed of timber frame construction. I originate from Canada and have a very keen boyhood memory of peering through the school bus window at a construction site one morning as the framers were starting on the ground floor… by that afternoon, on the way home, the second storey frames were already up! I suppose I’ve become accustomed to the slower pace of double brick construction here in WA. I must say I like our brick construction here in Perth as it’s sturdy but it also a slow process by comparison.
To recap then, this is where we are in the broader construction process, showing indicative time estimates for each phase (and with corresponding percentage-based invoices attached to each milestone completed):
- Base: 2 weeks. Complete.
- Frame: 2 weeks. Complete.
- Enclosed (lock up): 3 weeks.
- Fixing: 4 weeks.
- Final: 4 weeks (note this stage isn’t included within our build contract but is depicted on an indicative progress flow chart supplied to me by Open Wealth—I include here for the timing information).
- Practical Completion: 6 weeks.
I suppose a disclaimer is also worth posting: I'm just a guy, I'm not an accountant, lawyer, solicitor, tax agent, mortgage broker, banker, financial adviser, insurance agent, land developer, builder, government agent, or anything else so I disclaim your application of anything I write here is to be applied at your own risk. What I write may be incorrect and you are best to seek your own professional advice (tax, legal, financial, and otherwise) before entering into contracts or spending your money. Your situation is unique to you and what I write here reflects my experience only. This content is not professional advice and is not tailored to your situation. I'm learning too and expect to make many, many mistakes along the way.