Buying with YourLand Developments
Key steps to helping you achieve your dream!
Lots of factors need to be taken into account when deciding which community fits you and your lifestyle.From access to transport, school location, shopping centres, to parks and recreational areas and proximity to work, family and friends, all play a role when choosing your ideal block of land.
It’s important to establish your budget before you begin your search. Review your finances so you know exactly what you can afford. When considering your budget, don’t forget other fees and charges,
which could include:
• Mortgage insurance
• Stamp duty
• Conveyancing fees
Speaking to a finance broker to obtain a pre-approval at this stage will make things a lot easier once you find your preferred lot. A broker will also help you understand any rebates or grants you may be entitled to. For further details regarding government grants visit www.sro.vic.gov.au
A YourLand Estate Manager can help you decide on the best block of land for you based on your desired location, size and budget. They’ll work through factors to consider such as slope, shape, requirements for fill and easements, all of which may incur site costs when constructing your home.
Once you’ve chosen your lot, you’ll be required to pay a holding deposit to secure your lot. You’ll then make an appointment with your Estate Manager to sign your Contract of Sale and arrange payment for the balance of your deposit.
Whether you’re a first home buyer, downsizer, empty nester or an investor, building a new home is one of the biggest financial investments you’ll ever make. It is essential that you spend time researching and shopping for a home design and builder as carefully as you do for your block of land.
The builder will work closely with you to customise the most suitable house plan for your block and lifestyle.
It’s official! Once titles are issued and your contract conditions are met, settlement takes place. Settlement involves your settlement agent (solicitor or conveyancer), your lender and the seller’s representatives.
Once all documents are signed by both parties, they are sent to the titles office to register you as the new owner of the property.
Construction of your new home will soon be underway! Your builder will guide you through the key stages of the building process, which includes site preparation, slab, roof installation, lock-up, internal fit-out and practical completion.
Once the Certificate of Occupancy is issued, you will receive the keys to your new home! Your home will be covered by a range of guarantees, warranties and maintenance programs. It is important you familiarise yourself with these details and understand your responsibilities as the home owner, to ensure you do not do anything to void any guarantees or warranties. And don’t forget to contact your utility provider to ensure you’re connected when you move in!