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Building your first home, a step-by-step guide.

This guide explains the steps to help you build your dream home.

  • First Meeting

    The first discussion with your Home Loan Manager will focus on your needs, objectives and financial situation, so they can help find a home loan that’s right for you.

  • Value of the Proposal

    Eden Brae will supply you with your plans and specifications once you have come to a final agreement. Using these plans and specifications, along with the build contract and any variations to the contract, your lender will conduct an ‘on-completion’ valuation to determine the total market value of the proposed project. If this valuation is consistent with the estimated construction cost, your application will progress to the next step.

  • Application (Pre-Approval)

    To find out how much you can borrow, your Home Loan Manager will ask you to provide personal information, including ID and details of your financial position to assist with the application. They’ll also discuss your eligibility for government grants or concessions. You could then be issued with a pre-approval based on your borrowing capacity.

  • Approval (Unconditional)

    To receive unconditional approval, you’ll need to provide your Home Loan Manager with the following:

    • A copy of the contract of sale for the purchase of the land
    • Your building plans and specifications
    • Build contract and any variations and/or additional quotes
    • Updated financial documents (if required)
  • Loan Documents

    Once your loan is unconditionally approved, you will receive loan documents to sign and send back to the lender.

  • Authority to Commence

    After land settlement, your lender will give you a letter giving Eden Brae authority to commence construction. Before construction can commence, you’ll need to provide the following information to your lender:

    • Build contract and any variations to the contract
    • Council approved plans
    • Signed building specifications
    • Builder’s risk insurance
    • Home Owner’s Warranty
    • A copy of the builder’s licence
Photographs on this website may depict items not supplied by Eden Brae Homes, such as furniture, window furnishings, landscaping, retaining walls, fencing, decorative landscaping items, water features, pergolas, pools, decks, outdoor fireplaces and barbeques. Any prices on this website does not include the supply of any of these items. Images feature upgraded items - please talk to a sales consultant for detailed home pricing.