The owner builder system is being introduced in Queensland, Australia through Intellichoice to assist in the management of new home and major renovation construction.
Online PR News – 22-April-2010 – – For most Australians, a home remains the ultimate dream. But in today’s world of escalating real estate prices and rising interest rates, housing affordability is now at a critically low level right across Australia. However, it will get a lot easier with the introduction of a new owner builder system in Queensland, which is being introduced by Intellichoice.
For approximately 20 percent of Australians, the owner builder system is the only way for people to enter the home owning market. With the Owner Builder System, it enables owner builders to save up to 30 per cent off the cost of even the cheapest fixed-price builder’s quote - for exactly the same house.
Intellichoice is a Brisbane-based company that currently provides this service for owner builders in Queensland, Australia. Darin Hindmarsh of Intellichoice, says that “the Home Building System is a mortgage-insurer approved system that provides an end-to-end solution for people who want to build their dream home.”
The Owner Builder System makes home building easy with a hold-your-hand service through the whole process. It offers access to trades, national suppliers with trade accounts and discounts and 7 day access to professional telephone support from a builder.
During the course of construction, the system also provides additional support including, purchase order payment control, provision of state based building contracts, quality inspections of workmanship, construction completion guarantee to the lender and mortgage insurer, advice on occupational health and safety, discounted construction and public liability insurance plus the ongoing access to professional advice.
Is becoming an owner builder really a viable solution for the everyday family? Darin uses a real life experience to explain.
‘‘The Melios family had three quotes to build their dream home. They then came across the Home Building System, and in doing so saved themselves $64,000 from their builder’s quote. They used the extra cash to furnish their home and reduce their mortgage.’’
The savings an owner builder can make using the Owner Builder System can be put back into home improvements or kept aside for a rainy day.
Darin states that owner builders can save up to 30 percent off the cheapest builders quote. Even on a modest house this can result in savings in excess of $60,000. So with $60,000 less cost and therefore $60,000 less borrowings, the system can save the home buyer $412 per month in repayments off an additional $160,000 over the term of the loan.
For more information about the owner builder system or about owner builder finance, contact one of the Brisbane mortgage brokers at Intellichoice on +61 7 3624 1900 or visit www.intellichoice.com.au to find out more.