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When youu2019re building a property, youu2019ll need a construction home loan to finance the process. <br>A construction home loan is structured differently than a regular home loan in that the lender wonu2019t release all the funds at once. <br>Instead, the lender will decide how much you need for the project, and will then release the funds in periodic payments to your builder.
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Company Overview: ● Double Bull cement is the leading cement manufacturing companies in Eastern India. ● One of the fastest-growing cement companies to achieve such feat amongst cement manufacturers operating in Eastern India. ● company was awarded the ‘Brand of the Decade 2018’ award in the cement category by ERTC Media and the ‘Brand of the Year – Cement Segment’ award for excellence in building and construction at the National Awards for Marketing Excellence by the Times Network in 2018. 2
What are some tips to reduce construction costs while building a house in India?
What are some tips to reduce construction costs while building a house in India? ● When you’re building a property, you’ll need a construction home loan to finance the process. ● A construction home loan is structured differently than a regular home loan in that the lender won’t release all the funds at once. ● Instead, the lender will decide how much you need for the project, and will then release the funds in periodic payments to your builder. ● These periodic payments are known as draws. ● They’ll be paid out at the completion of each individual stage of your construction. 4
What are some tips to reduce construction costs while building a house in India? Another way construction loans can differ is in the size of deposit lenders require. Because construction loans can be seen as inherently riskier, lenders might require some percentage of the total value of construction as a deposit. Before you seek out finance, make sure you have a detailed plan in place. Because construction home loans rely on an estimate of the assumed value of the completed house, your lender will want to have detailed construction plans that are fully costed. Building a home is going to be an expensive process and you’ll likely end up paying more than you anticipated. That being said, there are ways you can save money. ● ● ● ● ● ● 5
What are some tips to reduce construction costs while building a house in India? Shop around for the best prices on fittings and fixtures, and on the materials, your builder will use. Get multiple quotes for any item needed during the construction process. You can also save money at the outset of the process by choosing a site that takes less preparation. Hauling off dirt, removing rocks, or clearing brush can end up being costly. I would suggest don't cut costs on cement and sands as it is one of the important ingredients required for the structure of the base. Portland Pozzolana Cement (PPC) is one of the best cements for building a house. ● ● ● ● ● ● 6
Reference: ● https://www.doublebullcement.com/ ● https://www.doublebullcement.com/about-us.ph p ● https://www.doublebullcement.com/products.ph p ● https://www.doublebullcement.com/portland-po zzolana-cement-ppc.php 7