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HOUSE
CONSTRUCTION GUIDE |
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2. FINANCAL
ADVICE AND HOME LOANS |
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Financial
Advice and Home Loans |
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The
idea of building your own home can be an overwhelming one, but
the processes involved in getting started are similar to buying
a house on the normal property market.
First,
you need to establish your financial situation and how much
of your own - and a lender's! - money you will be able to spend.
You will need to pay for the building plot and also the costs
of the building project, and the two should come to at least
10% less than the final value of the finished property. |
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Chances
are that most of the money will be coming from a bank or a home-loan
finance institution so a good start would be to visit a few
of the various home-loan agencies and Banks, particularly those
that finance property in your region.
You will be required to furnish details of
your income, and the estimated cost of construction. Each
financial institution has its own set of rules and documents
to be submitted to be eligible for a home loan.
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send us an email, please click here>  |
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