Mortgage Payment stage Foundations

[GrantMcscott]

Can anyone advise what percentage value increase of the plot there will be (if any) after I have done all the groundwork's and foundation for my build.  I am just trying to work out my cashflow

 

thanks

[PeterW]

depends on the value of the plot to start with ! 

 

Founds value is pretty much the value of what goes in the ground tbh from experience. Its only when you get superstructure up you seem to get value add

[GrantMcscott]

the value of the plot is 100k can I assume then not value add to putting the founds in

[newhome]

I bought my plot with the foundations in. They are deep (almost 2m) and it’s a fairly large footprint of 175m2 but we didn’t perceive that the foundations were worth anything more than the approx cost of the materials TBH despite the vendor trying to persuade us otherwise. In fact we had to get the SE to inspect and sign off the foundations before purchase, and we needed an additional Inspection from the warranty provider so having foundations was a bit more hassle than starting from scratch TBH. 

[Dreadnaught]

Am no expert. I would think that going from a plot without service connections to one with them would add a lot of value, at least from the perspective of the plot's retail value. On groundworks, if that included civil engineering works, such as retaining walls, then again I would think that could potentially add retail value. 

 

I do not know if either is the case in your situation.

[Selby_self-build]

Hi @GrantMcscott, I hope your cash flow worked out and you’ve completed your build? We are at the start and trying to work out cash flow based on an arrears mortgage. 
Did you gather any data on this? Thanks 

[Dave Jones]

8 hours ago, Selby_self-build said:

Hi @GrantMcscott, I hope your cash flow worked out and you’ve completed your build? We are at the start and trying to work out cash flow based on an arrears mortgage. 
Did you gather any data on this? Thanks 

 

you have a QS price the foundations same as all the other build elements. The bank will use this to pay you. Zero chance for ambiguity then!