Planning a renovation?
๐ท๐ผโโ๏ธ So many clients want to renovate at the moment! (Lockdown effect?) However, banks are very particular about the building contracts and the valuations. A lot of builders want to do a cost-plus building contract. But most lenders, when the project costs less than $1.000.000, do not like financing them as the cost plus contracts tend to go over budget and the bank doesn't want that to occur.
๐๐๐ญ๐๐-๐ฅ๐ง๐๐๐ ๐๐ค๐ฃ๐ฉ๐ง๐๐๐ฉ๐จ ๐๐ง๐ ๐ ๐ข๐ช๐๐ ๐จ๐๐๐๐ง ๐ฌ๐๐ฎ ๐๐ค๐ง ๐๐ก๐๐๐ฃ๐ฉ๐จ ๐ฉ๐ค ๐ช๐ฃ๐๐๐ง๐ฉ๐๐ ๐ ๐ ๐ข๐๐๐ค๐ง ๐ง๐๐ฃ๐ค๐ซ๐๐ฉ๐๐ค๐ฃ ๐๐ฃ๐ ๐ฉ๐๐๐ง๐ ๐๐จ ๐ ๐ก๐ค๐ฉ ๐ค๐ ๐ฌ๐ค๐ง๐ ๐ฉ๐๐๐ฉ ๐ฌ๐ ๐ฅ๐ช๐ฉ ๐๐ฃ๐ฉ๐ค ๐ข๐๐ ๐๐ฃ๐ ๐จ๐ช๐ง๐ ๐๐ซ๐๐ง๐ฎ๐ฉ๐๐๐ฃ๐ ๐ง๐ช๐ฃ๐จ ๐จ๐ข๐ค๐ค๐ฉ๐๐ก๐ฎ.
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