Yes here are some of the things:

1. Landscape plan 
2. Council Contribution Cost
3. Arborist report
4. BASIX
5. Stormwater and OSD Plan

Regards

Shahin

– Contour survey by registered surveyor

A: No you need to pay for this and its around $1,200

– Preparation of working drawings

A: If its a display home then the builder will do this. Note that display homes are considerably cheaper than custom homes. Not all builders do custom homes (although this is starting to change as the building industry…[Read more]

Nope surprisingly that's not right. Make sure you read the Building Contract in great detail.

Regards

Shahin

Sure its Wincrest homes and ask for Clark – he manages CC and Newcastle areas.

Regards

Shahin

How did you go Hannah?

Regards

Shahin

The process of building a house:
1. Know my budget, in my case it's 60k cash (also less deducted credit cards, and blah blah blah), and know my borrow capacity.

A: You need to know 2 things. One is servicing and 2 what your Funds to Complete scenario will look like. So with $60k cash/deposit what is the max LVR and thus to be constructed price.…[Read more]

In that case yes you can do that. Just be mindful that if you are going with to do that loan with your current bank and you haven't advised your current bank of the subdivision then you will be in breach of your loan contract.

Regards

Shahin

Think about your longer term strategy and then work backwards. That will tell you how much deposit to use, how much to spend and what the cashflow numbers will look.

Have you determined what the longer term strategy is?

Regards

Shahin

It depends I inspected 3 properties yesterday (reno delights) for my own portfolio and I took plenty of pictures. It really depends on the agent.

My advise is get yourself a builder. Build (sorry for the pun) a relationship with him and for real opportunities take him with you on site. I have my builder and take him to sites but only if im…[Read more]

Is it on a separate title? If so then yes. If no then still possibly yes.

Regards

Shahin

What do you mean by 'double houses'? How many sqm? How many levels? Are we talking shell construction or turnkey?

Regards

Shahin

Righto – the answer is no the bank will not lend you the money as you are not on the title. The bank's view is that you do not gain anything from the loan if you are not on the title. The only time this works is in a spousal arrangement, i.e you are on the title then you can add your wife onto the loan for servicing.

Can your parents borrow the…[Read more]

Goulburn is a great area to get started – go returns and properties with good scope for CG. 

Regards

Shahin

They take the building contract price into consideration. At the end of the day they compare recent sales like any other property.

Regards

Shahin

The broker should be disputing the amount with the valuer not you. You need to talk their language. 

Good luck and keep us posted. Remember whatever you do next – do not apply for another loan unless you are 100% sure of approval.

Regards

Shahin

They will value the property when you apply for a construction loan. They do this by looking at the Building Contract to see what is the included, finishes, etc. 

Regards

Shahin

If the valuer took photos then thats a 'Full Valuation'. If you also went through Maquarie – your broker should have/be able to send you a copy of the Full Valuation. 

When the valuer came out did you go through what renovations you did to the property? The amount of money you spent on the reno? Go through the things that were visually not…[Read more]

Its a system val meaning they enter the information about the property and it splits out a report. Most likely that the valuation the bank will require is a 'Full Valuation'. If you have done renovations then it will definitely need to be a full val.

By now you should have contested the val whilst concurrently ordered a couple of upfront…[Read more]

The broker should be able to contest it straight away. He needs to formally lodge it via Valex but informally he can contact the valuer and speak to him over the phone. 

Whatever you do – refrain from getting further hits on your credit file without being 100% sure that the application will be approved.

Regards

Shahin

What's your budget and what's your strategy? 

Regards

Shahin