How to navigate the construction of your new property
Here is the timeline of a new build — a step-by-step guide.
There’s nothing more exciting than driving around to find that dream block, but first do some background research.
This will save lots of time as you avoid looking at places that aren’t right for you.
When assessing your needs consider lifestyle, family, transport, school or work and, of course, your budget.
Once you have done research and established your needs it will be easier to find a suitable lot.
Ask plenty of questions before making a decision.
Sign a contract to secure your lot. You may have to pay a small deposit up-front and 10 per cent of the purchase price in the following weeks, depending on the developer’s sales process.
Unless you plan to navigate the settlement process and paperwork on your own, a licensed settlement agent will be able to handle the settlement process on your behalf.
If you have entered into a contract of sale before titles are issued for your lot, the settlement may be an extended period of time until titles are issued, so make sure you get an estimated time frame from the developer. Be aware unforeseen delays can occur.
Pay the remainder of the purchase price on this day and the land is yours.
Whether you have bought a house-and-land package or just the land, this is where the process can be different, depending on your circumstances.
It is important to ensure the house design is appropriate and able to be built on the lot.
You may be required to submit your building plans to the developer before starting building.