pandibabi
kailie86
pandibabi
Guys I'm really confused so help a newbie out. Does the bank do a valuation when build is finish before final payment to check what's not done? Say you choose to do air con yourself. If it's not done they don't release the funds???
I’m not sure about the extras that you’ve organized yourself, I think it will depend on the bank but yes. The bank will come out and do a Val. With our last build they wouldn’t release the final payment as the builder hadn’t done the letterbox and clothesline yet and these were in our contract. We had to take a photo of the completed items and sign a stat dec done and send it through to them before they’d release the final payment. That was St George.
Is the flooring cost being paid for in your home loan? If so, then they may want it installed, but it depends on your bank...
We don’t have driveway, fencing, landscaping, letterbox, clothesline, flooring etc. in our contract as we are doing these things ourselves post handover - the bank doesn’t care because the costs are not covered by our home loan.
- B
A vue of the pines on the Gold Coast
forum.homeone.com.au/viewtopic.php?f=31&t=87210