When investing in land and construction packages, there are various choices to think about. These include selecting a house and land package, in which you buy the land separately and then get in touch with a builder to build your home, or purchasing a turnkey package, in which the builder manages everything from the acquisition of the site to the completion of construction.
You can also look into custom build choices, which let you create a house that suits your requirements and tastes. There are additional possibilities for labor-only work and fixed-price contracts. Your Better Loans Group advisor will go over these possibilities with you and assist you in selecting the one that best fits your needs in terms of both money and goals.

When building your own home, there are a number of additional expenses to take into account in addition to the initial building price. These could include landscaping, utility connections, building permits, council fees, and any unanticipated costs like site preparation or improvements made during construction. To help you plan ahead and prevent unpleasant surprises, your Better Loans Group advisor will help you keep your project’s finances on track.

Yes, a lot of lenders allow you to pay for your build and development project only with interest during the construction phase. This lets you pay off the loan interest only after the construction is finished, which will help you better manage your financial flow.
Your loan will switch to principal and interest payments after the project is completed. Your Better Loans Group advisor may go over this option with you and assist you in selecting the repayment plan that best fits your budget.