I'll help you fund your new build or renovation

For those looking to build their dream home or undertake major home renovations in Surrey Hills, Victoria, or anywhere across Australia, understanding construction loans is essential. I specialises in helping clients access Construction Loan options from banks and lenders across Australia. Whether you're planning a new build or buying off the plan, a construction loan can provide the financial foundation you need. With a tailored approach to interest rates, loan amounts, and a streamlined application process, I'll ensure that your journey from concept to completion is smooth and stress-free.

Construction loans are unique in that they offer progressive drawdown options. This means that instead of receiving the entire loan amount upfront, funds are released in instalments or progress payments at various stages of the project. This approach not only helps manage cash flow efficiently but also ensures that you only charge interest on the amount drawn down. For those concerned about budgeting, interest-only repayment options provide an additional layer of flexibility during the construction phase. Payments can be aligned with construction milestones, ensuring that plumbers, electricians, and your registered builder are paid promptly as the work progresses.

Another crucial aspect of construction loans is the ‘as if complete’ valuation. This determines the future value of the property once construction is finished. It can influence the loan amount and terms offered by banks and lenders. My expertise in coordinating with valuers helps ensure that all council plans and permits are factored into this valuation. Additionally, I'll assist in setting up a Progressive Payment Schedule that aligns with your project's timeline and development application, allowing you to pay sub-contractors efficiently and keep your project on track.

It's important to remember that construction loans often require you to commence building within a set period from the Disclosure Date. This necessitates careful planning to secure suitable land within your ideal location and price range while considering any council restrictions or regulations. Whether you're demolishing an existing property or planning a new build, having a clear strategy is vital. I'll help clients make a plan that accommodates all necessary permits and approvals, ensuring that Out of Contract Items not included are accounted for and additional payments anticipated.

For those tackling significant projects like home improvement loans or development applications, understanding the nuances of construction finance is key. From Progressive Drawing Fees to council plans and permits, every detail matters. I'm committed to guiding you through this process, making it as straightforward as possible.