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Tips to build your own home!

Tips to build your own home!

Whats your budget?

The first step to building your own home is deciding what you can afford to spend. Once you’ve finalised your budget you’ll know if you need finance. We can help determine your borrowing capacity to get your build underway.

Select a home building option

When it comes to building your own home, there are several ways to go about it. You can select a house and land package, or you can work with a designer to custom-build your property on your own land. There are a number of websites where you can find estimates of how much it will cost to build your home. Remember, you can explore these options more effectively once you know exactly how much you can spend.

Find the right block of land

Some people buy their land before choosing the home they want to build. Others choose the home design first. Either way, make sure the home design will work on the block of land you choose.

Choosing a builder

Its important to do plenty of research when it comes to choosing a builder. Recommendations are a great starting point. You should also check in with the Master Builders Association to make sure your preferred choices are legitimate. Its also a good idea to get a number of quotes from different builders.

Secure Finance

A construction loan is the most popular option if you are building your own home. These differ from a regular loan as the lender releases portions of the loan, or progress draws, throughout the construction process.

There’s nothing more exciting than watching your home grow from the ground up. We’d love to help you build your dream home today!

Book an appointment with our Lending manager today!

Get In Touch

P.O. Box 495
78 Henna Street, Warrnambool, VIC
Phone: (03) 55 618 618
Fax: (03) 55 618 600
Website: www.shbbusiness.com.au
Email: office@shbbusiness.com.au

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