Purchasing land is your first step to building a home that suits your individual lifestyle. At this stage, there are lots of things to consider from location, orientation and services available in the local area. To help you make sense of this process the team at Dacland have put together some tips that will help you find the perfect place to build a home.
Finding the perfect block is looking for a size and location that will support the lifestyle that you want to live. For some people connection and convenience to local amenities like transport, schools and shops are most important. For others, a big backyard for a family pet might be an essential.
Carefully considered urban design plays an active part in shaping your community. A community with strong urban design will facilitate and enhance your lifestyle, by considering pedestrian, bike and vehicle movement and providing appealing public spaces where you can connect with your neighbours.
The orientation of your home is an important consideration for a number of reasons. If you’re looking to reduce energy costs, place your main living area in a north facing position. That way you will enjoy plenty of sunshine and reduce the amount of energy you use. Also consider outdoor entertaining areas and how you can maximise sunshine throughout the day.
Feng Shui principles also offer orientation suggestions to maximise the flow of energy in your home. Find out more here.
This is all about figuring out what can and can’t be done. When selecting your lot, ask about any easements or restrictions that may impact the type of house you want to build. Similarly, if your developer has design guidelines, it’s worth understanding how you can meet the criteria in your build. Guidelines vary between communities, but help to create a standard character for the community.
Consider what services are available in the community you have chosen. If you are keen to get connected to the NBN or use recycled water, this may be particularly important.
Understand the value of the incentives on offer. Getting some cashback or exclusive bonus on your purchase is a great incentive to buy, however it is important to consider what incentives will be most valuable in the long term.
Our Great Garden Promise is an incentive that ensures that the front yard and the character of our streets are consistently constructed with pride, as soon as residents start moving in.
Do your research
This may be searching online, visiting display homes or making a list of “must haves” and “nice to haves” that you would like to include in your new home. Research will help prepare you for making decisions and selecting a house design that will suit your individual needs.
Select your builder
Whilst waiting for your land to title, it’s time to start planning your build with your builder.
Choose your fittings and fixtures
Personalise your home, yes this is the fun part! Make sure you select colours that will last both today, and tomorrow. Once this is done, your paperwork will be compiled and ready for sign off.
It’s at this point that your builder will want to conduct a soil test and site survey of the land to ensure that the home you have selected will work on your land in the best way possible.
The first tangible stage of home construction begins. This involves excavation of the land, pour of your slab and the frame will be built. Once the home is almost complete on the outside independent quality inspections will occur. The balance of stages are lock up, fix out and final stage, an independent building surveyor will conduct an inspection at both frame and final stages.
The finishing touches
Once the outside is complete we begin adding plaster linings, kitchen benches, vanities, floors, walls and so much more! At this stage, all services will be connected and you will see your house really come together.
Settlement and final inspection
once your build is complete, an independent quality inspection will occur, once you have sorted the finances- it’s all yours!
1. A mortgage broker can help you accurately compare different loans according to their benefits and features.
2. A mortgage broker can provide you with access to more loan options that you may not have had the time, inclination or contacts to investigate.
3. A mortgage broker will help you ensure that your home loan is the perfect fit for your individual circumstances
The lending environment is constantly changing! If you’re looking for help securing your home loan get in touch with a finance specialist at Homebuyers Centre.
Personalise your crisp clean walls
If you were previously renting, it’s time to relish in your freedom as a new home owner. Now there is no landlord stopping you from hanging pictures, shelves or painting your new walls! Add décor that reflects your personality, shows off your artistic side or adds a touch of fun to your new home.
Get creative with DIY
DIY saves you cash, provides a real sense of accomplishment and reduces environmental impact by recycling. They can also make your home stand out from the crowd with a personal touch. Try getting creative with blackboard paint to create functional spaces in your home or to create an artistic feature on your walls.
Create a space that’s your own
Make an area entirely your own by creating a man cave or lady-space, and fill it with your own décor, style and activities. If you’ve moved in with your partner having a space that is entirely your own will allow you to keep your “cringe-y” décor items and provide you with endless hours of happiness in your new home.
Freshen up your home with pots and plants. Greenery adds a lot of interest, texture and pleasure to your home. Choose plants that express your personality (spikey, fun or minimal maintenance) to help make each room special.
It’s important to style your home to last a long time, if your home reflects your personality you are more likely to do this. However, if you would rather follow trending colours, or change your style quite regularly consider using a neutral palette with pops of colour on items that are easily replaceable. These items can be easily changed to suit your personal style overtime.
1. What is settlement?
Settlement is the final stage of a property sale where you pay the balance of the sale price and ownership of the property passes from the seller to you.
1.1 Registration of the Plan of Subdivision
Settlement typically takes place 14 days after the Plan of Subdivision of the development site is registered (you should check the terms of your contract).
2. How do I prepare for settlement?
2.1 Familiarise yourself with the contract
You should carefully read the contract of sale, including the vendor statement and any special conditions which may be included.
2.2 What is a vendor statement?
A contract of sale must contain a vendor statement which contains important information about the property. It should cover title details, outgoings (i.e. council rates), planning information, mortgages and restrictions on the title which you, as purchaser, must follow.
2.3 Contact your solicitor/conveyancer and send them the contract
Get in touch with your solicitor/conveyancer as soon as possible and send them the contract of sale (including the vendor statement) so that they can review it. The solicitors/conveyancers will:
(a) prepare the transfer documents required for settlement;
(b) tell you if you need to obtain approval from the Foreign Investment Review Board prior to settlement (if you are required to obtain FIRB approval but do not, the purchase will not go through and you may be liable to the seller for costs;
(c) tell you about all the money needed to complete the sale, including stamp duty, land tax and lodgement fees payable; and
2.4 Arranging finance
If you are obtaining finance for the sale, you will need to organise all formal documents with your bank and sign all mortgage documents as soon as possible. Your bank will need time to check these documents before being ready for settlement. Your solicitor/conveyancer can help you with this.
2.5 Familiarise yourself with the Design Guidelines
You should read the Design Guidelines in the contract and talk to your builder about them. The Design Guidelines will tell you what you can and cannot build on the land.
2.6 Keep an eye out for updates
You should keep an eye out for updates from your solicitors and the seller. It is important that you have all documentation ready as soon as possible because when the Plan of Subdivision is registered, there won’t be much time to finalise everything before settlement.
3. What happens at settlement?
On settlement day your solicitor/conveyancer will meet with your bank, the seller’s solicitor/conveyancer and the seller’s bank to exchange all the documents. Your solicitor/conveyancer will:
(a) check that any existing mortgage on the property title is discharged;
(b) check that any caveats are removed;
(c) reconcile any adjustments that were pre-paid or accruing during the settlement period (such as rates, which are paid by the seller until settlement. The actual purchase price may vary slightly depending on what needs to be adjusted); and
(d) ensure that all the information in the seller’s documents are correct.
Your bank will:
(e) provide the balance of the funds to the seller; and
(f) then register the transfer and mortgage against the title of your new property.
3.2 How long does settlement take?
Settlement typically takes about 30 minutes. Your solicitor/conveyancer should let you know when settlement has occurred.
4. What if I miss settlement?
Missing settlement can be very serious. You may be forced to pay interest on the amount owing under the contract of sale, which is typically 10-12% calculated daily as at the date of writing. If you do not pay the amount outstanding by the due date the seller can terminate the contract and take your deposit.
5. What happens after settlement?
After settlement you will be owner of the property. Your bank will draw down on your loan, debiting the amount they’ve paid at settlement from your loan account and your bank will generally attend to the stamping and lodging of the transfer of land.
This information was provided by conveyancing expert, Alex Koidl, a partner at HWL Ebsworth, Dacland’s lawyers.
All information provided and opinions expressed on this website are provided as a guideline only and should not be treated as advice. You should seek your own professional advice, including legal and financial advice, before deciding whether to obtain finance or purchase your own home and/or land. This website contains hyperlinks and other content provided by third parties who are not associated with Dacland Pty Ltd. We do not in any way endorse or recommend any such third party content or information. We recommend that you contact the third party provider if you have any questions regarding such content or information.