Frequently Asked Questions
Q. What is a Resident Society?
A Resident Society is a community organization that is empowered by law to manage the common areas and infrastructure of a development.
They exist to help owners make a long term plan for the maintenance of common property and infrastructure.
Q. What is a pre-settlement inspection?
The pre-settlement inspection is an opportunity for purchasers to view their property before settlement in order to ensure the property is in the same condition as when it was purchased. Faisandier Group has an app purchasers can use to submit any defects they notice during the inspection.
Q. How much does it cost to buy a townhouse?
You can get an idea of the cost of our townhouses by having a look at our projects page. Prices vary depending on the location and other details. You can secure a townhouse with a 10% deposit. In certain circumstances we can also accept 5% deposits.
One of the benefits of purchasing a new build from Faisandier Group is the fixed price contracts. You won’t be caught out at settlement by price variations or increases.
Q. Do we have sunset clauses in our contracts?
There has been a lot of negative press about developers using sunset clauses to do unsavoury things. That’s not us.
We require a sunset clause in our contracts as standard procedure to satisfy our lenders and guarantee funding for projects. We will never use a sunset clause to weasel out of a contract and hike up the prices or to on sell your townhouse to someone else.
It's also important to understand that a sunset clause also benefits you as the purchaser as it guarantees you an exit date for your contract if for some reason we as the developer could not complete the project in a timely manner.
Q. When will my townhouse be completed?
Our standard construction timeline takes around 12 to 18 months. Once you've signed a contract we will start sending you monthly progress updates so you can see how your townhouse is tracking.
Through the last few months of the build our friendly purchaser relations manager will be coordinating with you around completion and settlement timelines so that you know when you need to be engaging with your mortgage advisor and solicitors etc.
There are often times when we also have homes that have progressed through construction and may be available now or have progressed part way through and will be available in a shorter time frame. You're best to chat to one of our team to find out what is available if you're interested in moving into your new home sooner.
Got a question that isn’t answered here?
Get in touch and we can answer it for you.
Customer Knowledge Expert