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305 posts

Ultimate Geek
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Topic # 87955 11-Aug-2011 12:29 Send private message

Hi,

Has anybody had any experience (good or bad) with the company Key2 Ltd to build a new house?

Alternatively, can anybody recommend a company that provide similar services (key turn Land + House packages)?

Cheers,

Guillaume

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4773 posts

Uber Geek
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  Reply # 505030 11-Aug-2011 15:10 Send private message

they don't actually build the house. They are, basically, an estate agent with a lot of grunt and influence over builders. They sell you the land and hook you up with a builder.




305 posts

Ultimate Geek
+1 received by user: 6


  Reply # 505032 11-Aug-2011 15:15 Send private message

Surely they oversee the building work and take care of the leg work I would hope.

I have to admit, I haven't had time to investigate their services in great details yet...

But thanks for your reply. 

176 posts

Master Geek
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Subscriber

  Reply # 505085 11-Aug-2011 16:35 Send private message

Hi, we used key2 and it has not been a good experience.

They sell land and pass you onto companies to build the house. They are not involved in the build process at all. They do pass you onto a consultancy to oversee a build if you want to pay that cost.

Key2 pressure you to sign up as quickly as possible and it is hard to get all the information needed in the short time frame.

My advice is to get three quotes from companies like Maddren Homes, David Reid, andSignatureHomesetc. Key2 do recommend some of these depending on who they like at the time. Be prepared and make sure the building company is fully involved before signing anything with key2.

The hardest part is getting engineer and earthwork information as this is the biggest unknown and can be very costly.

We signed up and went with one of their recommended companies. The company took on to much work and under quoted all the jobs (16 odd). They went bust. It is now costing all these families at least $100k to finish the jobs and master builders have not been helpful even though the company belonged to them. We are now at minister in parliament level to try and stop people like this from continuing to build by starting up new companies.

Do not used Better Built Residential or Build West Auckland previously called Navigation Homes.



305 posts

Ultimate Geek
+1 received by user: 6


  Reply # 505094 11-Aug-2011 16:50 Send private message

Thanks a lot for the valuable feedback.

What really appealed to us is that it seemed like an (almost) seamless process when you can sign up  and wait for your dream house to be built. I guess it is never that easy...

Thanks !

Guillaume 

176 posts

Master Geek
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Subscriber

  Reply # 505234 11-Aug-2011 21:40 Send private message

That is what appealed to us also and I am sure it can happen if you choose a reputable company and have done the homework. Investigate and do not be pressured into it. Give a couple of the companies I listed a ring and they will give you a run down of what is happening in the market and how to approach it.


6093 posts

Uber Geek
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  Reply # 505565 12-Aug-2011 14:43 Send private message

Hire an architect if you are building a new house. You end up with a unique well designed house that is customise for you. Builders and development companies aren't designers

1315 posts

Uber Geek
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Subscriber

  Reply # 505574 12-Aug-2011 14:50 Send private message

mattwnz: Hire an architect if you are building a new house. You end up with a unique well designed house that is customise for you. Builders and development companies aren't designers


Architects are not builders or engineers.

If you hire an architect to design the house for you make sure the pretty sketches developed by the architect can be built at a cost you are happy with and will give you a practical, usable house.

Unique houses tend to be very, very expensive.  If you're happy with the same house as other people, buy a proven design from an experienced builder.  They will know exactly what it costs to build and how long it takes.



305 posts

Ultimate Geek
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  Reply # 505578 12-Aug-2011 14:55 Send private message

I guess what I was after was the benefits of building a home (brand new, custom colours and materials, structured wiring, etc) without the hassle of having to manage everything and with a reasonable cost. (I realise this is a lot to ask...)

Hiring an architect and then having to find someone to build the house, etc seems that it will be a lot of hassle and quite hard to control costs as well, which is really important as this is our fist house... 

256 posts

Ultimate Geek


  Reply # 505614 12-Aug-2011 15:45 Send private message

gcorgnet: I guess what I was after was the benefits of building a home (brand new, custom colours and materials, structured wiring, etc) without the hassle of having to manage everything and with a reasonable cost. (I realise this is a lot to ask...)

Hiring an architect and then having to find someone to build the house, etc seems that it will be a lot of hassle and quite hard to control costs as well, which is really important as this is our fist house...?

Maybe a "building company" is the sort of thing you're after though? Jennian Homes, Signature Homes, etc... those type of companies? They basically just sit in their office and work with contractors and oversee the work, put a guarantee on it, and deal with the council for you.

I built one through Jennian Homes last year. Found some land we liked first, then got an offer from the agent selling the land. Then got a rough quote from Jennian for roughly what we wanted. Actually got the land agent and a Jennian Homes manager to meet me on site at the land and talked figures, got opinions, etc.

Bought the land from the agent, then sat down with Jennian and discussed a bit more of what we wanted. Paid a non-refundable $5k deposit to Jennian to get an initial floorplan done up by their architect designer. They came back with a plan, we made a couple of changes, then when we were happy we signed a full contract after that (I think that's how it worked). And then throughout the year, we sat down with an electrician, colour designer, and kitchen designer to choose what we wanted. Got to choose all the door handles, toilets, bathtub, shower, cabinetry, carpet, tiles, light switches, downlights, heated towel rails, taps, lightswitch positions, oven, cooktop, etc... Quite a lot, haha. But it came out great. I don't think Jennian were the most easiest to talk to, but the end result came out wonderful. Got there in the end.

The contract had a fixed part and a variation part. So if we wanted a change, it was easy enough to just alter the price. Paid in stages. Just make sure you change things earlier than later ;) But then of course unexpected costs got added on as variations...

Things like extra council fees. We had to pay $11k to the council for a "development contribution" fee to get the resources consent. The land agent warned us it'd be $10k or something, at least, so we knew that was coming. And towards the end of the build, the council suddenly required a couple of extra stormwater drains installed, plus a water tank. That was an extra $6k out of nowhere. And this only came up a month before we moved in. Unexpected costs. Had to up the mortgage a bit, haha.

And we didn't learn of a fixed move-in date until about a month before it was done. The council kept back-and-forthing with Jennian before they even started building, added like 3 months onto the total wait time, sitting around waiting for paperwork. Total build time was roughly 4 or 5 months? But it was 6 or 7 months of paperwork and waiting around before that.

Certainly sort out your finances first so you know what your limit is, and add in a bit of fudge room. I imagine buying an existing house would be a lot less work :p

Does this sound like what you're after?

3551 posts

Uber Geek
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WorldxChange

  Reply # 505618 12-Aug-2011 15:52 Send private message

I have had dealings with them, the brokered a deal for a rental property and the developer then folded we got left with a lost deposit, they where not interested in refunding any money from their Commission when they did nothing at all, offered us a discounted to purchase through them again... your kidding right, they all in for themselves.... Will never ever deal with these guys again..... my advise stay well away, any issue with them and you will be left hanging.

Feel free to pass on my name to them as well ....




Yes I am a employee of WxC (My Profile) ... but I do have my own opinions as well Wink

             

https://www.facebook.com/wxccommunications



305 posts

Ultimate Geek
+1 received by user: 6


  Reply # 505623 12-Aug-2011 15:57 Send private message

maverick: I have had dealings with them, the brokered a deal for a rental property and the developer then folded we got left with a lost deposit, they where not interested in refunding any money from their Commission when they did nothing at all, offered us a discounted to purchase through them again... your kidding right, they all in for themselves.... Will never ever deal with these guys again..... my advise stay well away, any issue with them and you will be left hanging.

Feel free to pass on my name to them as well ....


Thanks for the sharing your experience! That doesn't sound good at all! 
At least now we know not to engage with that company even though their listing are really appealing... 

6093 posts

Uber Geek
+1 received by user: 208


  Reply # 505670 12-Aug-2011 18:05 Send private message

graemeh:
mattwnz: Hire an architect if you are building a new house. You end up with a unique well designed house that is customise for you. Builders and development companies aren't designers


Architects are not builders or engineers.

If you hire an architect to design the house for you make sure the pretty sketches developed by the architect can be built at a cost you are happy with and will give you a practical, usable house.

Unique houses tend to be very, very expensive.? If you're happy with the same house as other people, buy a proven design from an experienced builder.? They will know exactly what it costs to build and how long it takes.


To correct you, architects prepare the construction drawings, cordinate the engineer and incorporate those into teh construction drawings. They can also get per sqm estimates, and can also get a quality surveyor to price it all. Basically if you are buying from a developer, they will be making a reasonably large margin off the land, the design and build and meterials. But if you get an architect and a builder engaged, it can work out at about the same (even less), but you end up with a far better house that is a better space to be in. Otherwise you usually just endup with a cookie cutter generic house/box. They also often get built to the cheapest spec, with the cheapest components, especially if they are spec buildings.
But it comes down to your budget and how much of your own time you want to invest, and whether you want the house to be special and plan staying in it for a long time..

2311 posts

Uber Geek
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  Reply # 505681 12-Aug-2011 18:15 Send private message

Whoever you end up going with, make sure you add an extra $20-30K fudge room for budget blowouts an make sure the architect builds in a small server closet (where the fibre/copper will come in, somewhere centralised with some airflow, etc) and they build in cat6 when they build it!

There's a cabling standard floating around somewhere..



305 posts

Ultimate Geek
+1 received by user: 6


  Reply # 505686 12-Aug-2011 18:22 Send private message

kyhwana2: Whoever you end up going with, make sure you add an extra $20-30K fudge room for budget blowouts an make sure the architect builds in a small server closet (where the fibre/copper will come in, somewhere centralised with some airflow, etc) and they build in cat6 when they build it!

There's a cabling standard floating around somewhere..


Absolutely! This is up there with all the benefit of building your own home. The wife can choose colors and patterns and I can get a proper installation for network/TV with a geek closet ! 

6093 posts

Uber Geek
+1 received by user: 208


  Reply # 505697 12-Aug-2011 18:56 Send private message

kyhwana2: Whoever you end up going with, make sure you add an extra $20-30K fudge room for budget blowouts an make sure the architect builds in a small server closet (where the fibre/copper will come in, somewhere centralised with some airflow, etc) and they build in cat6 when they build it!

There's a cabling standard floating around somewhere..


How big would that sort of thing need to be. Or would it just be cubboard size / 600mm wide?

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