Finance & Pre-Approval
Securing Your Investment
Typical Duration: 2–4 Weeks
Finance & Pre-Approval
Construction finance for a custom luxury home is fundamentally different from a standard home loan. It typically involves a land loan and a construction loan drawn down in progressive stages as your build advances. Before any design work begins in earnest, we strongly recommend securing a formal pre-approval from a lender familiar with bespoke construction. This protects you from falling in love with a design that falls outside your approved budget, and it gives our team the parameters needed to design efficiently. OZ Dream Homes has long-standing relationships with specialist construction finance brokers in Adelaide who understand the specific requirements and staging of luxury builds.
What Happens at This Stage
- ✓ Review of current financial position and equity
- ✓ Introduction to construction finance specialists
- ✓ Understanding progressive draw-down loans
- ✓ Stamp duty and government grant eligibility check
- ✓ Formal pre-approval from lender
- ✓ Confirmation of total project budget envelope
What to Know at This Stage
Ask your broker specifically about construction loan draw-down schedules — they differ from standard loans.
Factor in council fees, landscaping, driveways, fencing, and furnishings when setting your budget.
If buying land separately, ensure the purchase is structured to allow a construction loan to follow.
Questions About This Stage
ALL STAGES
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