SPECIALS

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OWNER BUILDER FINANCE

Step 2. Owner Builder Finance.

Once you know what it is you wish to build, You'll need to work out how you are going to finance it. There are a number of options of how you can do this. We can introduce you to the right people for the job. It's not normally an easy process to finance OWNER BUILDER homes, but we've helped hundreds of clients make their dream come true.

Owner Builder Finance

There are a few things you'll need to get together to get your finance approved, and there are a couple of ways you can do it. The two main types of loans are LOW DOC and FULLY VERIFIED. A basic explanation of the difference between these and what you will need to put together for each is outlined below:

Full Document Loan

Low Document Loan

This product is for individuals who have a good income and can prove their employment can sustain the repayments on the amount they wish to borrow.

These are for individuals who have an ABN who may not necessarily have proof of income but are making enough money to sustain the repayments on the amount borrowed.

 

Full Doc - you will need to supply:

Low Doc - you will need to supply:

  • Copy of licence, passport or birth certificate
  • Rates notice for all properties owned
  • Most recent loan statement for all loans
  • Most recent credit card statements
  • 6 mths loan statements for loans being refinanced
  • Proof of rental income for all properties
  • Self employed - 2 years tax returns or assessment notices
  • Employed - 2 payslips and letter of employment
  • Or last 2 years tax assessment notices
  • Insurance certificate notices for all properties
  • Purchasing contract if buying a property
  • Copy of licence, passport or birth certificate
  • Rates notices for all properties owned
  • Most recent loan statement for all loans
  • Most recent credit card statements
  • 6 mths loan statements for loans being refinanced
  • Proof of rental income for all properties
  • Purchasing contract if buying a property

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FAQs

Can I modify the standard plans or provide my own design?

Yes. All standard plans can be modified to suit your needs. You can change the number of rooms, increase or decrease the size of the house or if you prefer, you can bring your own plans for costing. more »

What is included in the kit?

A full inclusions list can be found here. In general however, the kit includes all materials required for lockup but does not include on-site labour, transport and delivery charges, site survey, site clearing, PC items, concrete for footings, Electrical and plumbing etc. more »

Where do you deliver to?

Delivery areas include all Australian states and territories. Arrangements can also be made for international deliveries excluding some countries. more »

In general how much could I expect to save if I decide to build a kit home as an owner builder?

As an owner builder/manager you are effectively cutting out the builder and therefore should make a saving of 20% to 30%. If you choose to be more hands on and undertake some of the manual tasks such as erecting the walls and roof trusses, installing windows, doors and painting the internal and externals etc, your savings will be increased further. more »

Is it hard to become an owner builder?

The process to obtain an owner builders permit is usually very straight forward. There are a few requirements and depending on which state you are building in, may also require you to undergo a short course (usually a weekend course), either online or at a training school. In most states a small application fee is payable. Click here for more owner builder information. more »

Are kit homes suitable for areas prone to cyclones?

Yes. Cyclonic kits can be purchased at an additional cost. These kits are manufactured with extra reinforcements that will make then suitable for areas prone to cyclones. All standard kits can be upgraded to cyclonic kits. All standard kits can be manufactured to meet with the cyclonic rating required for your area. more »

What is the turnaround time, from ordering the kit to onsite delivery?

This is determined by the size of the home. Generally we can have the kit on site within three to five weeks from time of ordering. more »

How will my kit home be delivered?

The entire kit can be delivered to your site in a shipping container, or part container and part by truck. Delivery can also be made in stages upon request. It is up to you what is more suited to your build plan. more »

How long does it take to build a kit home?

This depends upon the amount of labour and skill level. As a guide, a non-skilled owner builder can erect frames and roof trusses for an average size home in two to three days then the remainder of the build is similar to that of normal build times. A smaller kit can be built to lock up within a month. Larger, more complex homes will take longer. You should allow ten to twelve weeks on site for an average home. more »

Does the kit home come with warranty?

The steel frame is Backed by a 50 year BlueScope Steel warranty and all other components of the build have their individual manufacturers warranties. more »