One of the most informative videos I've seen all year. Thanks Josh for realizing that this type of content is gold for those of us who aren't already property developers. 🤙
I don't know if you put your videos together yourself or what, but we always enjoy watching your videos as you do a fantastic job merging your narration with your visuals and display information in a meaningful way. Appreciate your videos, mate. 7:50
Josh, subscribed to your channel but based in Dublin Ireland. Congrats on building such a professional construction business. I’m sure that’s no easy feat in any jurisdiction. Your videos are always insightful and I’m sure loads of people from NZ benefit from the content. Love watching how your team manages tight spaces in intensified lots. In Ireland we must be 20 years behind. Best wishes from Ireland 👍
I really enjoy your videos. I'm a property lawyer involved with a fair few developers/builders etc. I like to take my new grads on field trips to building sites so they can see what and how things are done. Interesting they would let you progress the subdivision with slab down for the two at the back. Down here I think they'd make you wait for roof on before you could survey it then we are in the queues for coucil, survey and title. Good stuff.
Great video josh. Interesting design on the property. One question there does seem to lack of storage for things like vacuum cleaner, sheets and towels etc... I've often wondered why there are such massive gaps within the banking sector for building houses given the billions in profit they are making each year. I personally believe that there's needs to a clearer and more options given for the pathways around what needs to done. Ideally this should be done at a government level to specify exactly what documents are required
Its definitely a bit of a mine field - even for those of us who deal with the bank day in and day out. It would definitely be nice if every bank followed a specific set of rules.
Banks add to the housing crisis, if banks accept that they are going to loan X amount of $, then they should release money first for each stage of a building. This would solve so many issues with building.
Its a credit to you guys surviving You can see why so many builders going broke here over the pond from you, Id hate to imagine having several big lengthy set backs on multiple projects at the same time. And it all comes back to years of bad policy's and corporate greed, back 40yrs ago banks actually had to take a risk on home loans LMI was rarely used, now no matter what your finances are LMI mitigates any of the banks risk... shareholders are more important than their customers. They've made it so hard now to build, numbers the dont lie... all the while pollies have smug smiles feathering their nest.
Such a good point! Why is it that everyday people can see the bullshit right in front of our faces but there is no options politically to fix the issues. I guess the jokes on us the everyday people.
I love duplexes "Stunning property with adjoining slave quarters for your debt slave/ renter to exploit & pay mortgage. Once your mortgage is paid in 30 something years kick them out onto the street, install a door making the 2 properties 1" Basically - free real estate / Classic kick in the nuts stuff. Its nice.
The value add would be subdividing the duplex into two titles (mostly they will have no shared services) and flicking one for those sweet sweet capital gains. Either the owner or their families....... We have a mini industry with that currently which you can thank the MDRS rules for - lots of councils adopted those intensification rules.
I’d be interested to see a video on how you do intertenancy walls successfully. Obviously fireproofing is key, but noise transmission is a big issue too
I had a similar event on my last build... client pre-paid for permit/consent etc, & finish to pre-line (plumbing yes, power no). And that's where the money stopped. It was about 6 mths before I could get wire & jib. Pissed off doesn't cover it. I changed all the locks to my own master key, & walked away till ALL money was paid in full. Even then it was almost a year before the client paid in full. [worst of all tho, was that the clients were my friends...not so much after that]
@@nzbuilder indeed - I was a 'labour-only' builder for them. if they could not, or did not pay the next batch, I couldn't continue the job. I did end up doing (almost) the entire job - carpet is the only thing I turned down (both knees are stuffed after years on the job). It was an extension that I did - added a 2- bed granny flat to an an existing 3 bed house.
That’s just nz prices man everything is expensive But also at the same time tradies spend a lot of time learning there craft which takes years and a lot of blood, sweet, tears. They have to buy work vehicles, tools, machines like diggers, compacters, trucks to haul waste away which cost 10s of thousands of dollars sometimes hundreds when you have a big operations where you need heavy machinery. Not only that by the time you buy all that stuff you need to be ready to replace it cause stuff breaks and gets stolen, you have to pay maintenance, insurance and have to have a place to store all that gear, like old mate here has to have a dedicated yard for his building stuff which can cost hundreds of thousands to buy or 10s of thousands to rent. + you have to pay for all materials which cost heaps that would chew up alot of that 300k by the time you buy metal, concrete, boxing, anything plumbing, electrical, fencing. + you have consent fees, engineers architects, surveyors. All in all there’s alot that goes behind the scenes that most people don’t think about unless your in the trades I’ve been building and concreting for the last 5 years I know what goes on behind the scenes, you can’t build a house for 200k anymore those days are gone. So I hope that’s given you a bit a open mind on why stuff cost alot, I could’ve just said that’s nz prices for ya and left at that but that wouldn’t explain why it’s cost alot.
resource consent, building consent, demolition (w Abestos control), excavate out to find good ground as per engineer, replace all that with compacted fill, house drains, pour slabs wait 6 months while 2 government departments fight about cutting to the road… shut down a road for 3 days, lay civil drains, power, high speed internet, then submit all that back to council to get title, wait another 2-3 months
@@nzbuilder Does the above really cost 300k??? I assume the client had materials purchased and waiting for consent as part of that 300k? The irony of the building industry complaining about red tape in construction is that if we went the other way and deregulated to allow everyday people the capacity to build simple homes willy nilly for themselves the Master Builders Assoc and building lobbies in general would be up in arms that rogue basic construction was putting the general public in grave danger and only a qualified builder could possibly knock up a basic single storey dwelling. NZ is a complete nanny state begging their govt to save them from every grazed knee in the playground of life. Australia is even worse demonstrated beautifully by the fact they havent beaten NZ in rugby in 87 years...
in the scheme of it - SFA. thirty grand or so?... if you are thinking about DC's they might be thirty large per new section (No idea - it varies by LA) but its paid at the end to get 224 so you can order titles.
@@mesodan Thanks for explaining that- certainly not for the fainthearted. Such amazing work Josh and his fellow developers achieve putting kiwis into homes......projects that the govt and city councils don't make easy. I'll keep to playing the violin...lol.
One of the most informative videos I've seen all year. Thanks Josh for realizing that this type of content is gold for those of us who aren't already property developers. 🤙
Thanks for the comment - there's definitely a lot to developments before we can start building
I don't know if you put your videos together yourself or what, but we always enjoy watching your videos as you do a fantastic job merging your narration with your visuals and display information in a meaningful way. Appreciate your videos, mate. 7:50
Thanks for your comment and for watching. Appreciate it
Josh, subscribed to your channel but based in Dublin Ireland. Congrats on building such a professional construction business. I’m sure that’s no easy feat in any jurisdiction. Your videos are always insightful and I’m sure loads of people from NZ benefit from the content. Love watching how your team manages tight spaces in intensified lots. In Ireland we must be 20 years behind. Best wishes from Ireland 👍
Thanks so much for the comment - love that you are watching and interested all the way from Ireland.
I really enjoy your videos. I'm a property lawyer involved with a fair few developers/builders etc. I like to take my new grads on field trips to building sites so they can see what and how things are done. Interesting they would let you progress the subdivision with slab down for the two at the back. Down here I think they'd make you wait for roof on before you could survey it then we are in the queues for coucil, survey and title. Good stuff.
2 years to build a couple of houses in NZ. It's such a long process now. This all adds to the cost of housing.
Once we actually get to build something like this would take us about 7-8 months. Its just getting out the ground that takes the time
Great video.
Please do a video on NZ timber flooring. The different types, finishes and alternatives 😀
Great suggestion!
The bank wouldn't loan me anything on my new build until it was framed and the roof was on!! I owned the land freehold too!
Interesting isn't it. Each case seems to be different. Good on you for being in a position to get that far without them
@@nzbuilder small house was the only way to afford it
Great video josh. Interesting design on the property. One question there does seem to lack of storage for things like vacuum cleaner, sheets and towels etc... I've often wondered why there are such massive gaps within the banking sector for building houses given the billions in profit they are making each year. I personally believe that there's needs to a clearer and more options given for the pathways around what needs to done. Ideally this should be done at a government level to specify exactly what documents are required
Its definitely a bit of a mine field - even for those of us who deal with the bank day in and day out. It would definitely be nice if every bank followed a specific set of rules.
Banks add to the housing crisis, if banks accept that they are going to loan X amount of $, then they should release money first for each stage of a building. This would solve so many issues with building.
thats what they do isnt it?. in my experience it was
The banks release the funds for a stage after a stage is complete. Then again maybe NZ if different than where I build in Australia.
We have found every case and every bank to be different. In this case and many others they wouldn't release funds until titles were issued
Its a credit to you guys surviving
You can see why so many builders going broke here over the pond from you, Id hate to imagine having several big lengthy set backs on multiple projects at the same time.
And it all comes back to years of bad policy's and corporate greed, back 40yrs ago banks actually had to take a risk on home loans LMI was rarely used, now no matter what your finances are LMI mitigates any of the banks risk... shareholders are more important than their customers.
They've made it so hard now to build, numbers the dont lie... all the while pollies have smug smiles feathering their nest.
Such a good point! Why is it that everyday people can see the bullshit right in front of our faces but there is no options politically to fix the issues. I guess the jokes on us the everyday people.
I love duplexes "Stunning property with adjoining slave quarters for your debt slave/ renter to exploit & pay mortgage. Once your mortgage is paid in 30 something years kick them out onto the street, install a door making the 2 properties 1" Basically - free real estate / Classic kick in the nuts stuff. Its nice.
You can enjoy all the maintenance & reparations that comes with having that mindset. Liabilities buddy are real 🤣🤣..... Take that ouch !!
The value add would be subdividing the duplex into two titles (mostly they will have no shared services) and flicking one for those sweet sweet capital gains. Either the owner or their families....... We have a mini industry with that currently which you can thank the MDRS rules for - lots of councils adopted those intensification rules.
I’d be interested to see a video on how you do intertenancy walls successfully. Obviously fireproofing is key, but noise transmission is a big issue too
Ill make a video on it!
What is meant by "waiting to get title"? Is this when the subdivisioning is done?
Yes once the services are in you then need to apply to LINZ to get title - this usually takes between 8-12 weeks
I had a similar event on my last build... client pre-paid for permit/consent etc, & finish to pre-line (plumbing yes, power no). And that's where the money stopped. It was about 6 mths before I could get wire & jib. Pissed off doesn't cover it. I changed all the locks to my own master key, & walked away till ALL money was paid in full. Even then it was almost a year before the client paid in full.
[worst of all tho, was that the clients were my friends...not so much after that]
That's hard - banks don't realise what things like like that do to small businesses and their families.
@@nzbuilder indeed - I was a 'labour-only' builder for them. if they could not, or did not pay the next batch, I couldn't continue the job. I did end up doing (almost) the entire job - carpet is the only thing I turned down (both knees are stuffed after years on the job).
It was an extension that I did - added a 2- bed granny flat to an an existing 3 bed house.
no minimal distance from property line required when building a house?
Yes all distances according to the resource consent were followed
$300k for a slab with pipes on some cleared dirt is pretty appalling. It would build a nice house in most parts of the world.
Thi is NZ!!!!
That’s just nz prices man everything is expensive
But also at the same time tradies spend a lot of time learning there craft which takes years and a lot of blood, sweet, tears.
They have to buy work vehicles, tools, machines like diggers, compacters, trucks to haul waste away which cost 10s of thousands of dollars sometimes hundreds when you have a big operations where you need heavy machinery.
Not only that by the time you buy all that stuff you need to be ready to replace it cause stuff breaks and gets stolen, you have to pay maintenance, insurance and have to have a place to store all that gear, like old mate here has to have a dedicated yard for his building stuff which can cost hundreds of thousands to buy or 10s of thousands to rent.
+ you have to pay for all materials which cost heaps that would chew up alot of that 300k by the time you buy metal, concrete, boxing, anything plumbing, electrical, fencing.
+ you have consent fees, engineers architects, surveyors.
All in all there’s alot that goes behind the scenes that most people don’t think about unless your in the trades I’ve been building and concreting for the last 5 years I know what goes on behind the scenes, you can’t build a house for 200k anymore those days are gone. So I hope that’s given you a bit a open mind on why stuff cost alot, I could’ve just said that’s nz prices for ya and left at that but that wouldn’t explain why it’s cost alot.
resource consent, building consent, demolition (w Abestos control), excavate out to find good ground as per engineer, replace all that with compacted fill, house drains, pour slabs
wait 6 months while 2 government departments fight about cutting to the road…
shut down a road for 3 days, lay civil drains, power, high speed internet, then submit all that back to council to get title,
wait another 2-3 months
@@nzbuildersome folks just don’t get it, they never will understand how hard it is!!
@@nzbuilder Does the above really cost 300k??? I assume the client had materials purchased and waiting for consent as part of that 300k? The irony of the building industry complaining about red tape in construction is that if we went the other way and deregulated to allow everyday people the capacity to build simple homes willy nilly for themselves the Master Builders Assoc and building lobbies in general would be up in arms that rogue basic construction was putting the general public in grave danger and only a qualified builder could possibly knock up a basic single storey dwelling. NZ is a complete nanny state begging their govt to save them from every grazed knee in the playground of life. Australia is even worse demonstrated beautifully by the fact they havent beaten NZ in rugby in 87 years...
Would love to know how much of the $300k was from council related costs.
in the scheme of it - SFA. thirty grand or so?... if you are thinking about DC's they might be thirty large per new section (No idea - it varies by LA) but its paid at the end to get 224 so you can order titles.
Isn't it in the banks best interest to give you money fast so they can make money off you sooner?
Banks are generally quite conservative until they are sure they can get their money back out - usually this is when titles are issued
What was the reason for the delay on securing new titles? Or did I miss that bit?
Resource consent
@@mesodan Thanks for explaining that- certainly not for the fainthearted. Such amazing work Josh and his fellow developers achieve putting kiwis into homes......projects that the govt and city councils don't make easy. I'll keep to playing the violin...lol.
What course should I study to be like you
I studied carpentry through BCITO - other than that just real life experience and learning every day
Who forked out all the money to get it done?
Is the boxing your using a custom system?
Yes the boxing is mine which I had made a few years ago