Owner Builder Construction Loans For Housing Projects In Australia

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Loans direct is an Australia owned investment group, recognized since 2005, to provide significant services to the clients in search of loans, financial consultation, business and equipment financing through their panel of professional brokers and specialists.

Melbourne, VIC, Australia., January 13, 2014 - (PressReleasePoint) -
Owner builder is an individual or a member of the family who builds a house or takes the active control of remodelling a construction process. An owner builder is also called as a ‘self-’builder’, who is also the homeowner and is taking the charge of the construction process rather than hiring a licensed general contractor or builder.
Construction of a new home requires the need for money, unless the owner has the required cash for the payment. New construction home loans come in extremely handy, while an owner wants to build a dream plot of land.
The builder of a new home must plan the location he is seeking a house in, understand and calculate the equity worth of the money he may be shelling out as the owner builder loan. This loan will only be granted in case the owner is seeking a property within the building permit that is issued by legal authorities. Therefore, an extensive consideration towards ‘zoning’ your dream project is extremely viable option to avoid any future restriction or loses. In case, the property falls under any commercial property or agricultural area, then the loan approval may not be granted.
With own personal experience, would like to share that as the owner builder, the approval of a loan is extremely essential”. Therefore, it is very important to keep in mind to build a multi-family unit only in an area specially zoned for multiple units and not a single-family unit. In case one make this error, the loan approval will fall flat along with the dream of a home. Therefore, be wise and extremely aware of all the calculation before putting on the ‘builders’ hat, - says Eric Anderson.
About Loans Direct
Loans Direct has been professionally inclined towards client’s service to help them in their needs of financial solutions and to achieve financial stability. They also provide personalized assistance to the clients through experienced brokers and lenders to avoid any doubts and confusions in client’s decisions. For any inquiry related to loans, financing, etc. log onto www.iloansdirect.com.au

Loans, Finance, Business, Australia

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Hary Goyal

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