Choosing the right block of land in the right location is absolutely essential to ensuring the experience of living in (or investing in) your brand new home is an enjoyable one. Some of the main items that should be considered are:
If you are going to live in your home, ask yourself the following questions:
If you are building an investment home, consider the following:
The cost of land will vary substantially depending on:
Make sure you still have enough to build the home you want after you buy the land.
Too often, people buy “the perfect home-site” only to discover they are unable to build a house on it to suit their lifestyle. It is always good to work with your trusted builder before finalising your land purchase, and it helps to write a list of what is important to you to and what you are willing to pay extra for.
When building on acreage, there are a number of extra costs over and above normal urban home-sites, such as:
Be careful when looking at purchasing sloping land sites. Often these blocks are cheap but they require substantial earthworks to transform the site into one that can be built on.
As we can’t see below the surface of the block of land, it is easy to find nasty surprises during the building process which can result in substantial cost blowouts of tens of thousands of dollars. This often leads to disappointment and unnecessary stress for the client and it is for this reason that Grady Homes choose not to build on sloping home-sites.
Most developers set up rules on what can and can’t be built on the land they sell, these are called covenants. Read more about how covenants affect where and how you build your new home.
Building Setbacks and Sewer Line
These items are as important as the actual size of the land itself and can very easily stop you from building the home you want on the land you bought. They can especially impact on the ability to build sheds and pools, now or in the future.
Will you be able to build a home to suit your lifestyle:
This can affect more than just how many bedrooms you need, such as, how many cars will be parking at your place, now and in the future. For example, when will your teenagers be driving their own cars? Will your parents need you to look after their car while they go on extended holidays?
If you plan on starting a family, will your home be close to the facilities you want for your child/children as they grow up.
Do the estate’s facilities match your lifestyle? You may want:
Developers usually allow prospective buyers the chance to purchase land before it is ready to build on. This ability to get your hands on land early is fantastic but you also need to keep in mind that at times there can be lengthy delays to the land being ready to build on.
If it is important to you that you are in your home by a certain time, this is something that needs to be considered as it affects furniture in storage, rental agreements etc.