Dec 15, 2017 10:16 pm
Apologies if I have missed it, but anyone let me know from recent experience whether one can somehow include architect/design fees in the construction loan. I have found one builder who does this as part of their contract but I don't want to commit to them.
How do banks view architect/design fees? What is the best approach to this?
Re: Architect/Designer fees2
Feb 15, 2018 1:18 am
I am also wondering the same thing. There are a lot of upfront costs pre construction loan release that I am becoming aware of and wonder do any firms bundle this in a fixed price contract?
Do design and construction companies want fees before building commences which is when bank funds would be released?
Any help would be greatly appreciated.
Re: Architect/Designer fees3
Feb 15, 2018 4:38 am
I guess you’d have to ring around to find someone who can include the fee in the contract
Providing the valuation stacks up they can be financed if the architect is prepared to wait to be pain until the fulll contract is approved.
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Re: Architect/Designer fees4
Mar 07, 2018 11:14 am
The Architects & Builders want to be paid for work as nothing is free, especially, if the building contract falls over
If you haven't got enough for fees (2-3%) then you can't afford to borrow/build
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