Why Do Banks Value Owner Builder Projects Differently? One of the key pieces of information Banks and Financial Institutions use to assess loans is the End Market Value which, as the name suggests is the value of the property once the renovation or build is completed. When valuing a standard construction home loan contract – […]

What Do I Need to Know About Insurance for Owner Builders One of the most important things to consider about becoming an Owner Builder, even before you establish how and from who you are going to get Owner Builder finance, are the legal implications that come along with that decision. The legislation for owner builders […]

Is it Hard to Get Finance as an Owner Builder? It can be challenging and frustrating but can being an owner builder can also be ultimately rewarding. One of the best tools you can arm yourself with before you start is information and knowledge. Before you decide to be an owner builder, you need to […]

Don’t Become an Owner Builder Without the Right Finance Building your own home or renovation is potentially one of the biggest projects most people undertake and becoming an owner builder can be an even bigger challenge and the decision should not be taken lightly. One of the main reasons that people become owner builders is […]

When you make the decision to become an owner builder, one of the first questions you need to ask yourself is how much will it cost? Pretty quickly after then, unless you are lucky enough to have a significant amount of cash, you’ll be thinking about how to go about getting an owner builder construction […]

Building Construction Buildings Among the best ways to commit to a strategy would be to write it down and stay with it. As soon as you’ve decided you want to go down the proprietor path, you’ll want to have a handle on how you’re going to fund it. At this point, most folks begin to […]

Becoming an Owner-Builder If you’re thinking of turning into an owner-builder, you may be wondering about saving money and having additional control over the finished product. Both are great reasons to explore this selection – however, the success of either can rely on your skill and ability. The other crucial issue to think about is whether or not you have got the time to devote to a building project. Bear in mind a customary build usually takes longer and Still, saving money and imposing your standards sounds pretty good.  But as an owner-builder, you become responsible for everything associated with the project. Basically, you also assume all the responsibilities. Unless you’re feeling very confident in your experience and expertise, this could be a big risk. Another key factor in becoming an owner-builder is that several lenders will only finance the construction of homes built by licensed builders. So if you’re planning to do a lot of the work yourself, make sure to ask your lender ask about their requirements ahead of time.  To sum up: If you’re set on building, considering your timeline and budget can help you to decide which method or technique can suit you best. While becoming an owner-builder could mean some financial savings, this is a skilled role and you should only consider taking this on if you have experience in project management. A hot topic for owner-builders is owner builder financing. “How do I go about figuring how much home I can afford to build?” Well, if you plan on financing your project, there is a simple process. You may simply fill in our contact form and one of our Home Loan Experts or Consultants will get back to you and you can explain your goal. Ask them to evaluate your financial position and give you a specific amount …General rule – If you don’t have a background in the construction industry is it not recommend that you build your own home, as there are a lot of extra expenses and process that you will not be aware of.

At Intellichoice, we pride ourselves on doing a lot of research to help our clients to obtain owner builder construction loans. We use RPData and Real Estate .com and well as many other industry tools. The main reason we put so much effort into our research is that we need to be able to present to […]

Why do People Owner Builder It’s a question we get asked a lot and the best way I can answer it is to put it in the words of a customer who completed their home last week after a nine-month construction phase. “Ever since I met my wife, we have spoken about our dream house. […]

What’s it really like to be an Owner Builder? Geoff shook his head glumly. “That’s the third bank that knocked us back. Each time I speak with anyone, they are all really enthusiastic right up until I mention that we want to owner build. When I do, it’s like I just grew another head – […]

The real story about Owner Builder Finance Both Sabine and Matt started to speak at the same time. Sabine smiled at Matt over the table “you first..” “I’m not sure….” Matt started hesitantly “but I think I might have found the perfect piece of land that we could build on.” Sabine laughed. “Really? Where? “Not […]

Owner Builder Loans Australia Your home may be one of the most important purchases you will ever make. It is a big decision and one that may have a long-term impact on your financial strategy. The challenge for an owner builder is to demonstrate to the lender the “intrinsic” value you bring to your project.  […]

Thinking about becoming an owner builder? There is something satisfying about completing your home as an owner builder, kicking back on the DIY balcony, beer in hand and admiring the view. Along the way, you may have also saved yourself some money and picked up some handy skills. But the fact is – being an […]