Browse Forums Home Finance Re: Bank Valuation Questions 2Feb 13, 2017 11:20 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Bank Valuation Questions 4Feb 13, 2017 9:29 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Bank Valuation Questions 6Feb 14, 2017 8:37 am Yes good point Tom Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Bank Valuation Questions 7Feb 14, 2017 10:23 am Thanks Tom. Not the case in this instance, but good to know. Really just looking at what my options are to organise certain inclusions (air and landscaping) separately but still have this built into the loan. Thanks. NC Building: Custom Home Re: Bank Valuation Questions 8Feb 14, 2017 11:09 pm To extend onto the OP, how do we go about asking the bank to include items that would be done post handover? I know an option was mentioned above with requesting a quote, however for things like driveways, alfresco and landscaping, would the bank generally require you to get quotes when going unconditional on the loan? I would imagine that tradies would be reluctant to give quotes on these items given that they haven't seen the final finishing levels to determine the amount required, nor want to give out a quote that won't be realised for 10 or so months while construction occurs. Are estimates usually sufficient for banks (provided it's not absurd)? Also, if I was to obtain a quote from X tradie, would the bank require me to use X tradie to carry out those works if their quote was used in the approval process? Cheers, epp Re: Bank Valuation Questions 9Feb 15, 2017 10:31 am Yes get quotes, these can be done from the plans & is quite normal and no lenders don't tie you to them. Alternatively you can have the builder include them in the contract - plusses and minuses - the builder will add a margin and will use their preferred suppliers, but they may also benefit from volume pricing and they would also then have some obligation to warranty it. Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11933 Personally, considering your layout (study/work desks in bedrooms), I don't think you have any other option but to leave NW windows and make them as big as possible e.g.… 7 10480 We had this happen to us last year and got charged a variation. Try and give away as much as you can that is usable to charity otherwise if you are in Sydney I have a… 1 4506 |