When building a modular home with Asset Cabins and Homes, you will receive a fixed price contract.

The agreed value will be the final amount charged at the end of the project, without variation unless otherwise specified.

Lenders also like to know that a Final Building Certificate will be secured by a registered builder. This is because they’re more likely to provide finance if you’re entering a contract to build a fully completed home rather than a built to lock-up. Be sure to specify this detail during your early discussions to avoid any misunderstanding.

Some banks will incorrectly classify a modular home as a ‘kit home’ in which case they may only loan up to 60% of the value of the house.

This can be overcome by explaining that a modular home is vastly different to a kit home (see ‘Home Classification’).

Bank managers and lenders who understand this difference will often loan up to 80% of the home value, in line with standard home loan agreements.

Asset Cabins and Homes we can work together with your bank to arrange a varied payment structure that meets their requirements.

If your preferred lender would like to discuss this further, please pass on our contact details and encourage them to get in touch.

When using Asset Cabins and Homes, your home is built by a Registered Builder, not as an owner builder which is often the case with a kit home.

This means that the finished product must comply with the same standards and requirements as a home built on-site.

Asset Cabins and Homes are registered to build homes in QLD, NSW & NT and have nearly 30 years’ experience building high quality homes.

Our homes come with an industry leading 8-year builders warranty, providing both you and your bank with peace of mind.

Talk to us today about your approvals and external service connections.

It is advisable to get the costs of these items together before your finance application or simply ask us to do it for you!

See our starter pack options relevant to your location as this process will help confirm the value for your project.

By choosing to build a modular home, the finished product will be a beautiful new home that is ready to live in. It can be a good idea to explain to the bank that you are building a fully completed modular home (not a kit home), which is built to the same standards as homes built on-site. In fact, our modular homes are built stronger to endure transportation requirements and ensure they arrive in perfect condition.

It’s also important to note that your modular home is classified as a permanent structure that is fixed to the site. Some banks may incorrectly perceive modular homes as mobile due to the nature of the construction and transport process however this is simply not the case.

The term ‘modular home’ simply refers to an alternative construction method, with the end result being no different to homes built using traditional construction methods.