For COVID-19 info, or to apply for COVID-19 home loan support, see rams.com.au/covid-19-assist. We will contact you as soon as possible.
  • The 6 key stages of construction

    The 6 key stages of construction

    Work can begin on your property the moment you receive approval from your RAMS Home Loan Specialist and the Authority to Commence (ATC) construction is issued. 

    Building usually happens across 6 stages of construction:

    1.     Deposit

    An initial deposit to the builder of around 5% is usually required at the time you sign your building contract. This usually happens prior to the ATC being issued.

    2.     Slab

    Once the ATC has been issued building starts with the design of the property being measured out on the site and the foundation being laid, including elements such as plumbing and electrical pipes. This usually requires a progress payment of up to 15%.

    3.     Frame

    You’ll begin to see your new home come to life as the internal frame and external support structure is built. This includes the frame, roof frame and trusses.

    4.     External lining

    At this stage the brickwork, weatherboard, cladding and external walls of your home are completed. The windows are also installed as well as the eaves and gutters.

    5.     Lock up

    Time to move indoors and install plasterboard, insulation, bathrooms, electrics, lights and internal doors. Please note – the progress payment amounts for stages 3, 4 and 5 are flexible depending upon your builder, but each one cannot exceed 35% of the total build amount.

    6.     Practical completion

    It’s been a long journey but the finish line is close. Paintwork is applied and dried, and the finishing touches completed. At this stage your builder will require a 10% progress payment. 

    Select a topic to view more blogs and videos:

     
     
     

    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

      Contact your local RAMS Home Loan Centre about your home loan options.

      Raymond A Ram

  • Check out our latest offers

    Find your local RAMS Home Loan Centre

  • Disclaimer:

    This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.