How To Build a Container Home
"Simple Simons" Simple Guide to Building a Container Home

Chapter 3. FINANCE “SHOW ME THE MONEY”

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Main Page 1 Bed Container Plans 2 Bed Container Plans Large Container Plans How to Build Book $9.95
Table of Contents.
Chapter 1:
Buying the shipping container “Ideal buying strategy"
Chapter 2.
Budget
“what will it all cost?”
Chapter 3.
Finance
“Tell the bank “SHOW ME THE MONEY”
Chapter 4.
Council Approvals
“do you need a building permit?”
Chapter 5.
Site Preparation
“Old School Basics"
Chapter 6.
Construction
“Go Ahead! MAKE MY DAY"
Chapter 7.
Plumbing and Electrical
“Out of the box ideas"
Chapter 8.
External Cladding
“Give it the WOW Factor”
Chapter 9.
Insulation to the walls
“Hot is Not the best"
Chapter 10.
Internal Lining
“Make it a home"
Chapter 11.
Doors and Fittings
“Separate the rooms"
Chapter 12.
Moldings
“Window and doors architraves"
Chapter 13.
PC Items
“Kitchens,sinks and vanity units"
Chapter 14.
Tiling and Painting
"The Big Finish”
Chapter 15.
Final Inspections
“Clean up and lay the carpet"
 

Finance Tips:

In most cases Banks have no trouble lending for land and houses as it a secure investment for them.

shipping container
The security of a property is ideal for the bank to lend for, much better than personal loans and cars.

However, the bank likes to have you put up all your savings as deposit. The more you put up the better for the bank in case something goes wrong in the future.

You are best to put the bare minimum up as a deposit on the land when your owner building and hold as much as you can for the construction.

“Hold onto your Cash!”

The banks do not see shipping containers as a good risk for them, as they are hard to repossess and hard to resell in a foreclosure situation. I know this is a hard way to look at it but banks look at it that way.

So that works if you are buying the land, however if you already have the land it is a different situation altogether.

If you have purchased the land earlier you can use the equity in the land to get a new loan. In most cases, you will need to refinance and this will help you get the money for the construction. The presentation of the application is the key to getting finance so you are best to talk to a finance broker especially one that knows about owner builder loans.

Finance Brokers – Here! There! & Everywhere!!

Finance brokers, Finance brokers, they seem to be everywhere, every man and his dog seems to be one or have one they know and recommend.

My experience with finance brokers is, when they are good they are very good, when they are bad, they are very bad!!

Let’s face the facts, the difference between getting the home you want and just getting a home is how much can be borrowed.

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