Residential Property - The Key Build Steps from Start to Finish

Quick Guide to the Typical Development Stages of a Property Build

The key stages of a build depend on whether or not you are building a traditional (brick and block house), a timber frame construction or if you are renovating or converting an existing property.

Smaller developments can draw down finance against proof of expenditure i.e. invoices and receipts, typically monthly. For larger developments monthly loans are drawn down after a site visit by a Quantity Surveyor.

The following gives an indication of the six typical stages for each & therefore when further finance can be drawn down.

Brick and Block Build

  1. Purchase of Land.
  2. Preliminary costs & foundations.
  3. Wall plate level.
  4. Wind & watertight.
  5. First fix & plastering.
  6. Second fix to completion.

Timber Frame Build

  1. Purchase of Land.
  2. Preliminary costs & foundations.
  3. Timber frame kit erected.
  4. Wind & watertight.
  5. First fix & plastering.
  6. Second fix to completion.

Conversion or Renovation Build

  1. Purchase of Land.
  2. Preliminary costs & structural overhall.
  3. Wind & watertight.
  4. Plastering & services.
  5. Second Fix.
  6. Completion.
Summary
Whatever your borrowing requirement you can be sure that Eland Business Services will give you impartial advice on your business finance. We are not tied to any lender so we can guide you through the ins and outs of different finance options. We will always select the most cost effective solution for you, based on your circumstances.

Minimum loan £100k
Maximum loan £unlimited
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Initial basic information:-

 

Brief project description

Planning Status

Purchase Price

Development Costs

Gross Development Value

Term

 

Case Studies
An overview of previously completed commercial finance successes! We have successfully financed many deals for our customers in the past, here is just a small list that you may find of interest [more details].