If you are contemplating construction or going through renovations on an existing home, you need to consider the possible advantages and pitfalls involved.
Building a House
How do you fulfil the dream of building your own house without turning it into a nightmare? If you are contemplating construction or going through renovations on an existing home, you need to consider the possible advantages and pitfalls involved.
As you look for the ideal house to make into your home, you may find that those that are available have something lacking, including the home you are living in. Some are simply in the wrong place. Others may have some of the things that you like, but not other important features.
You have come to the conclusion that the best solution for you is building a new house. So how do you go about it? Selecting a block of land, designing the interior and exterior and, of course, organising finance are just some of the processes you will need to think about.
Renovation or construction?
These are just a few choices you will need to consider. To find out everything from choosing a block of land to construction loans, take a look at our FREE eBook: Building a Home
Where do you start?
A good thing to do right now is to have a chat with a professional who can answer any questions you may have. The friendly, experienced credit managers at State Custodians will provide helpful information without the pressure of committing and by the end of the conversation you will have a better understanding of what home loan would suit you the best. Give them a call during NSW business hours on 13 72 62 or drop them a note using an enquiry form.
A Construction Loan
If you are going to build a house, then most likely you are going to need a construction loan. The nice thing about a construction loan is that the lender will give you an amount of money that’s based on the completed value of your home building project. The builder is going to require progressive payments as the construction reaches specified stages, and the loan is designed to provide what’s needed at each stage. A valuation at each of those points ensures that there is adequate security value at each point, giving everyone more peace of mind.
Given that a construction loan is what you need to bring about that dream, then it’s time to get in touch with State Custodians Mortgage Company.