Build Your Dream Home with Confidence: Construction Loans with Indus Mortgages

At Indus Mortgages New Zealand, we work to make the construction loan process as smooth as possible. While specific requirements may vary, here's a general list of documents you'll need:

• Council-approved building plans
• Fixed-price building contract
• Building consent approval
• Resource consent approval (if applicable)
• Registered valuation of the completed property
• Builder's risk insurance certificate
• Rental appraisal (for investment properties)

Remember, our team are here to guide you through each step. We'll work closely with you to ensure all necessary documentation is in order, leveraging our background in accounting, investment, and construction to make the process as stress-free as possible.

Certainly! Let's break down each document:

• Council-approved building plans: These are your architect's or draftsman's drawings, officially approved by your local council.
• Fixed-price building contract: This agreement between you and your builder outlines the exact cost and scope of work, including payment stages.
• Building consent approval: This is your local council's formal go-ahead to start construction.
• Resource consent approval: If required, this is the council's approval of your plans in relation to local zoning and environmental factors.
• Registered valuation: An independent assessment of your future home's value, based on the approved plans.
• Builder's risk insurance certificate: This protects the property during construction against various risks.
• Rental appraisal: For investment properties, this estimates potential rental income.

At Indus Mortgages, we're here to help you understand and gather these documents efficiently. Our industry experience means we can offer insights that go beyond just lending, ensuring you're well-informed throughout the process.

At Indus Mortgages New Zealand, we believe in transparency and helping you plan effectively. Here's an overview of the main costs you'll encounter when building your dream home:

• Architect's fees (if applicable)
• Land purchase (if needed)
• Resource Consent fees
• Building Consent fees
• Utility connections (electricity, gas, water)
• Construction costs
• Valuation fees
• Legal fees

Our team's diverse background in accounting, investment, and construction allows us to provide insights into each of these areas, helping you budget more accurately.

Absolutely! Let's break down each cost:

• Architect's fees: Unless you're using a standard builder's plan, you'll need an architect to design your home.
• Land purchase: If you don't already own suitable land, this will be a significant upfront cost.
• Resource Consent fees: This is for council approval under the Resource Management Act 1991, ensuring your home fits well within its environment.
• Building Consent fees: This covers council approval of your building plans under the Building Act 2004, confirming compliance with building codes and standards.
• Utility connections: There are fees to connect your new home to electricity, gas, and water supplies.
• Construction costs: This is typically the largest expense, covering materials and labour for building your home.
• Valuation fees: Your lender will require valuations at various stages of construction to ensure the loan-to-value ratio remains appropriate.
• Legal fees: A lawyer will be needed to review your building contract and handle loan documentation.

At Indus Mortgages, we're here to guide you through each of these costs, leveraging our experience to help you avoid surprises and make informed decisions. We can work with you to structure your loan effectively, taking all these costs into account.