When applying for financing for your renovation, the bank needs an overview of the project scope and costs. MyPlanDIY generates a professional bank report with budget, materials and a financial summary, ready to attach to your application.
The bank wants to see that you have thought through the project and have a realistic budget. A bank report from MyPlanDIY shows total costs, a breakdown of materials and labor, plus an optional buffer for unforeseen expenses. The report is structured and easy to read so the advisor quickly gets an overview. Combine with an up-to-date renovation budget.
The report contains a complete financial overview with materials, labor, permits and other items. You can include a buffer for unforeseen expenses, showing that you have planned cautiously. The totals update automatically from your entries in MyPlanDIY, so the report is always current when you send it to the bank. See material list for construction to build the foundation.
The bank report includes a material summary with the most important items and totals. This gives the bank insight into what the money is being spent on without being overwhelmed by details. You can choose the level of detail so the report fits your project. For the full material list you can use a printable shopping list for your own use.
You can add notes about assumptions and preconditions, for example that prices are based on quotes or that certain items are estimates. This shows the bank that you have considered uncertainties and makes the report more credible. MyPlanDIY supports notes at both the project and item level. See also project management for renovation to get an overview of tasks and schedule.
The bank report can be printed directly or exported as PDF. This way you can attach it to your loan or credit application. The report is formatted for A4 and contains project info, budget and material overview. When you update your project, you can easily generate a new report. Combine with renovation budget and material list to keep everything in one place.
Create a free account and generate professional reports for the bank.
No credit card required. Free demo project included.