Payments	Transactions will involve legal and other administrative fees that should be discussed with your financial institution A deposit on the loan amount will be required. Different banks will have different deposit requirements
Documentation	You will be asked to submit estimates of construction cost and the final property value from a contractor or Quantity Surveyor A job letter or your last pay slip will be requested If you own the land, a land tax receipt as well as the conveyance will be requested as proof of ownership of the land when you are preparing to build your home Your water bill statement will be required if you are purchasing a home.
Additional	You will be asked to identify an attorney to act on your behalf.

Construction

Prior to commencing construction you must present to The Town Planning Department the draft of the house plans prepared by an architect, for their approval. If you are planning to renovate the house that you intend to purchase, depending on the extent of the renovations, you may be required to submit plans to The Town Planning Department for their approval prior to requesting permission to make the renovations. There may be additional requirements that you will have to be aware of so you should contact The Town Planning Department prior to commencing construction on your home. Their number is 467-3000.

Building	You will need to secure homeowners' Under Construction Insurance or if you have a contractor, Contractors' All Risk Insurance It would be advisable to secure Employer's Liability Insurance if you will be supervising the work yourself and have hired persons to carry out the building work on the property
Purchasing	Residential Comprehensive, Fire & Limited Perils or Fire Only Insurance, are available types of cover. The type of insurance offered will depend on the construction of your home. If you plan to renovate the property you will need to notify your insurance company.