Building a house is a big and exciting project, and with the right guidance, you can enjoy your dream home before you know it. There are a few common pitfalls that we can help you avoid.
Check out our services including building loans and home improvement loans for more information.
Below are our top 7 considerations for new home builders.
#1
Never take any investment lightly. Ensure you’ve got the right professionals in your corner before you commit to anything. Get professional legal advice on any contracts before signing and speak to your financial advisor and/or tax professional to ensure you’re getting the best possible advice.
#2
Ensure your deposit will be refunded if the project doesn’t go ahead according to the timeline outlined.
#3
Your contract should include as much detail as possible about the final product.
#4
Have clarity on what finishes and fixtures you can customise.
#5
Understand if you can on-sell during the construction phase in the event your circumstances change.
#6
Ask to inspect the site during construction.
#7
Maintain a good relationship with your mortgage broker throughout the process.
