Altira News

A Step by Step Guide to Purchasing Land

by admin on October 3, 2014 , 1 comment

The decision to build a new house can be daunting and confusing. There are so many decisions to make and plans to pour over. Here are some things to consider to help you make the right choice for you and your family.

Choosing land

  • You need to decide on a location that will suit your needs now and in the future
  • Consider the valuation of your chosen block in years to come – will it continue to gain value?
  • Is the location close to amenities such as shops, schools and entertainment precincts?
  • Factor in driving time and fuel costs – a property that may cost less upfront, may cost you more in fuel (not to mention the extra driving time) over the years
  • Understand the benefits of natural ventilation and capitalising on existing breezes – this could translate into savings on energy bills
  • Don’t be afraid to value-add later – it’s not essential to include a pool or shed straight away – instead invest in floor space – adding to your house structurally down the track is very costly.
  • Land around Mount Louisa has stood the test of time. Land and home valuations continue to exceed expectations.

The new land release at Altira – Stage 2 – an extension of Zoe Court, offers homesites with views, existing breezes and proximity to all the amenities plus it’s only a short drive to the city. What more could you ask for?

CLICK HERE to view the site map.

Land purchasing guide – In 6 Easy Steps

1. Determine your budget and requirements
Determine your budget and get your finance pre-approved in writing. Your bank or loan broker should help you determine what you’re able to afford. Ensure you factor in taxes and stamp duties.

2. Choose your property
Don’t just drive by land for sale, I encourage you to park your car and walk the site. Stand where your back yard/entertain would be built, look at what the aspect offers and/or breezes, where would the neighbour’s house sit and understand the benefits that elevation offers, light and air. Block sizes vary, so choose a block that’s right for your needs.

3. Get some advice
Talk to builders working in the area you are interested in living, they will know the pro and cons and have the experience to give you the right advice about construction costs. Keep in mind that not all builders build in all areas, and don’t be pressured into building a house that doesn’t suit your needs and wants. Remember it’s about what is right for you so don’t give up on your dream until you have exhausted the options.

4. Secure your land
To secure your property, simply submit a contract request for your chosen property to Pené to prepare your contract.

5. Exchange contracts
Following your land selection, you will be issued with standard industry contracts. In most cases this will occur within two days. Once received, you will have seven days to review, sign and exchange contracts and pay the $1000 deposit.

6. Settle on purchase of land
Within 28 days of contract exchange, you will settle on the purchase of the land.

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  • Mr WordPress - October 3, 2014

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