Once you’ve chosen the suburb you want to live in and know that you want to purchase land to build your home, there are a few things to consider when choosing your lot to ensure that it is going to be suitable for you in the long-term.
One of the most important steps is to consider your finances; determine your budget and understand your ability to service your mortgage to purchase your land and build your home. Typically, 10% of the purchase price of the land is paid to secure your block, and the remaining balance is paid once the land title is registered.
The size of the block is another important consideration and will determine the size of the home you can build. Do you want a big yard, or are you looking for something with less maintenance? Think about the house design you would like to build and check these dimensions against the width, depth and slope of the block to measure suitability.
Does your chosen block have an easement? In new estates, common easements are usually 2-3 metres wide at the rear of the lot. The location and size of the easement will impact your block size as you will need to ensure that your new home is built at a minimum 1 metre clearance from an easement.
Some master-planned estates come with the benefit of immediate access to a range of amenities including town centres, parks, and even transportation. When choosing a block of land in an estate, consider your ideal position. You may want to opt for a smaller yard because you want to live adjacent to a park, or you may want a corner block in which case you’ll need to consider potential additional costs with fencing and landscaping. You may also want to consider the orientation of the block and how this will impact on the natural light in your home.
To discuss your requirements for a block of land contact Thornhill Park’s sales team on 1300 001 687.