The owner builder system was developed by builders for builders/renovators, to assist in the management of new home and major renovation construction. This new system, which is being introduced in Queensland, Western Australia and New South Wales by Intellichoice, is ideal for first home owners, young families, or parents who want to help their children to get started in the property market. It can be a way of getting exactly the home they want at a cheaper price than they could by buying it outright.
Darin Hindmarsh, the Director of Intellichoice says that the owner builder system is a manual based system, which provides industry based know how and formats for the smooth running of a home construction or renovation project to completion.
The owner builder system also offers a range of additional services, including introductions and trade discounts at national suppliers, assistance with the location of trades, full quantity take offs of materials by a quantity surveyor on the clients plans, quality inspections of workmanship, discounted construction and public liability insurance, 7 day access to professional telephone support from a builder and a staged costing summary and cash flow for the project.
By using this system, you can save up to 30% off the cost of even the cheapest fixed-price builder’s quote. And you get exactly the same house! For major renovations, you can save up to 50%.
In addition to the range of services and support that the owner builder system provides to the client, the system also provides security for the lender in the provision of accurate costing, regulated cash flow and payment processing.
Lenders usually feel uneasy lending to owner builders, as it does not give them the comfort of a completed house. However, with the knowledge that owner builder system will supervise the completion of construction in the event of default and repossession of the home, the mortgage lender will now effectively grant access to 80% of the total market value of the completed house, instead of the usual 50% of hard costs that most lenders would insist on. The mortgage brokers at Intellichoice are the only company in Australia able to offer owner builder finance of 80% of total market value of the completed house. View http://www.intellichoice.com.au/
With over 25 years experience in the financial services industry, Intellichoice aims to provide all Australians with the opportunity to participate in building their wealth through home ownership and other investments.
Intellichoice offers its clients a tailored financial product that suits their specific needs. We are a one-stop-shop for all a client’s finance needs, by offering a variety of products and services, including home loans, personal loans and expatriate and foreign nationals finance. Through one of our trusted alliance partners, Intellichoice can also offer financial plans, various investment options, superannuation, business and asset planning and saving and wealth creation strategies.
For further information about the financial services offered by the mortgage brokers in Australia, including home loans, owner builder finance or to find out how the owner builder system can save you up to 30% off the cost of your home construction, visit the website http://www.intellichoice.com.au.
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