The building contract should detail the progress payment schedule, which in itself should align with the completion of each stage. Make a list and make the builder aware in one go rather than going back and forth, which can cause delays.Д«ear in mind, you may only notice problems during certain times of the year or in certain weather conditions, such as noticing a hole in the roof or a blocked stormwater pipe when itвЂ™s raining. Nevertheless, once construction is complete, you generally have 3-6 months to notify the builder of anything else that needs to be fixed or repaired.Дuring the stages of construction, some aspects of the property can sometimes be overlooked or not completed to a high quality. Other additional works may include installing your garage door, a verandah or even a shed.ДЄgain, most building contracts donвЂ™t include these additional works (particularly swimming pools, which is a specialty area) so youвЂ™ll need to organise your own contractors for these jobs. What about additional works?Дepending on your building contract, your driveway will still need to be poured and landscaping undertaken. You can argue with the lender to advance the funds in lieu of missing documents but the better approach is to simply have extra funds on standby in order to keep the construction moving forward. However, the builder will typically want a 5% deposit in advance. The lender will release the first drawdown when certain requirements are met, such as you providing them with council approved plans, insurances and building specifications unique to each stage. This is basically where all painting, installations and detailing have been completed and youвЂ™re effectively ready to move in. The design features that make the property a home will also be added such as cornices, tiling, cabinets and shelving, reveals and architraves. Plumbing, electrical (including lights and powerpoints) and other fixtures and fittings will be installed. ItвЂ™s also safe for plumbers, electricians, cabinet makers and other tradesman to begin fitting out the property. ItвЂ™s at this point where you can literally start вЂњlocking upвЂќ the property because your windows, doors and remaining walls will be installed. This includes the installation of your internal and external support structure, along with walls, conduit for electrical and plumbing, the roof frame and sheeting, gutters and insulation.

It includes measuring out the design on the site, pouring the footings, under slab drainage, moisture barrier and special mesh for termite protection. Step 2: The slab or base stageДЄs the name suggests, this is simply when the foundation is laid. Step 1: Clearing of the siteДepending on the nature of the land, there may be soil testing, site-levelling and clearing undertaken prior to actual construction. Nevertheless, once the deposit is paid, the builder will commence the building stages. Your lender can actually cover this cost if youвЂ™ve provided them with all of the relevant building documents and make the lender aware of the upfront deposit from the outset. Generally speaking, the deposit will be around 5% of the total building costs. However, this really depends on the building contract youвЂ™ve negotiated. The first thing youвЂ™ll normally have to do is pay your builder an upfront deposit to cover the initial cost of materials. With most lenders, construction will need to start within 6 months and be complete within 24 months so itвЂ™s important to get started as soon as you can. LetвЂ™s imagine that youвЂ™ve bought your land and provided all of the relevant documents including a signed building contract and council approval. Gathering the documents you need to qualify for a construction loan can be stressful and what happens when construction starts? What happens after my construction loan is approved?Д«uilding your own home can be exciting but a lot of first-timers go into the construction process blind.

Building construction process