Hi All
i was speaking with a friend who was building a new house. I asked if he was getting any inspections done along the way at certain stages, eg slab, pre-plaster, etcetc. He said no because his broker told him his bank will get their people out to do the checks for him before they release money to the builders so he doesnt need to waste his money doing this.
Ive never heard of this before and asked a friend who's built before and he doesnt remember his bank doing this as well.
Does anyone know if banks actually do this? think he said he was with NAB?
I know its not worth saving a couple grand when building but it be good to know theres a second check going on of some sort
thanks
i was speaking with a friend who was building a new house. I asked if he was getting any inspections done along the way at certain stages, eg slab, pre-plaster, etcetc. He said no because his broker told him his bank will get their people out to do the checks for him before they release money to the builders so he doesnt need to waste his money doing this.
Ive never heard of this before and asked a friend who's built before and he doesnt remember his bank doing this as well.
Does anyone know if banks actually do this? think he said he was with NAB?
I know its not worth saving a couple grand when building but it be good to know theres a second check going on of some sort
thanks