Frequently asked questions
Tips for buying a block of Land
ServicesConsider the proximity of facilities to make your life easier- schools, child care,employment, shopping districts, medical services, recreation, access to public transport, food outlets, restaurants & air travel.Also take into consideration the cost of connecting & maintaining services including:Water- Town supply Vs otherElectricity- How far is the nearest connection point?Sewerage- Septic or sewered?Telephone- How far is it ti the nearest connection point?Broadband- Is it available?Rubbish services Hidden CostsYou should assess the block carefully, looking for issues that may become hidden costs at a later stage. Some examples:STEEP SITES- May increase building costsROCK- May increase building or excavation costsSOIL STABILITY- May increase foundation costs is any fill exists on the site. CovenantsCovenants are rules that apply to the construction of the building, fencing etc on the site. When buying land you should inquire as to what the Building Covenants entail that are attached to any subdivision. They usually include minimum floor area sizes, specification of materials to be used in construction of the building. Click here for Amaroo CovenantsCovenants are designed to assist keeping the value & presentation of yours & surrounding properties to a high standard, thus protecting your investment. OrientationYou should consider the orientation of your block & where your main living areas will be in relation to the sun. The way your home is positioned can have a big impact on energy bills. Take advantage of positioning your home so it can be naturally cooled by cool breezes & allow as much air flow as possible. Boundaries & Easements Check that the boundaries on your lot are clearly marked by surveyors pegs. Be aware the the Local Council has boundary set- back criteria when building your home plus specified distance from the side boundaries. Check to see if there are any easements on your lot & how they might affect you. Reputation & HistoryDoes the subdivision you are buying in have a good reputation for quality construction, presentation & increasing land/ house values?Do you feel confident that your hard earned money will be rewarded by investing in a area with a proven track history of growth?
Why do a soil test?
Definition: SOIL CLASSIFICATION DEALS WITH THE SYSTEMIC CATEGORISATION OF SOILS BASED ON DISTINGUISHING CHARACTERISTICSAS WELL AS CRITERIA THAT DICTATE CHOICES IN USE. Source: wikipedia Engineers typically classify soils according to their engineering properties as they relate to use for foundation support or building material. Modern engineering classification systems are designed to allow an easy transition from field observations to basic predictions of soil engineering properties and behaivours. So Why is the Soil Classification is so important if you are purchasing a block of land & wanting to build your new home? The 3 most common soil classifications in Mareeba are "P" Class , "H" Class & "M" Class "P" Class- Any lot with fill greater than 400mm. Any extra strengthening of foundations will be determined by how well the soil was compacted.The slab ( foundations) of the home may have to be strengthened bythe use of stronger steel & concrete, with deeper & wider footings, due to the fact that a "P" class soil can include soft clay, silt or loose sands, can be subject to erosion & abnormal moisture conditions, (See table above) . This can end up costing anywhere from $800 up to $10,000 ( or more -in extreme cases) on top of what you paid for the blockDon't forget you may have to pay for a house pad as well... "H" Class- Highly reactive clay site which can experience high ground movement from moisture changes. More severe than a "P" class- similar scenario as above. "M" Class- This classification has moderate shrinking & swelling, in most cases normal footings can be used. To find out what the soil classification is for the Lot you are purchasing or for further information contact our local soil testers.-Dirt Proffessionals. If you speak to your solicitor you can insert a clause into your contract something to the effect of " subject to a soil test". This way, even though it will cost you to have the soil test done, you can make an informed decision as to whether to go ahead with the Land purchase.(Source - CSIRO)
Why build when you can buy an existing home?
When you consider the advantages
The decision to build a new home over an existing one
is an easy one....
Today's technology of Home building has improved tremendously over the past few decades , new homes are built better than ever before.They are solidly constructed, designed to enhance our lifestyle. New homes are highly energy efficient offering excellent indoor air quality, lighting & cyclone rated.
From new flooring, roofing & window products- today's building products work better, last longer & work better. The result is a brand new home that is far more comfortable & healthier, easier to maintain & more enjoyable to live in.
Existing homes do not come with a comprehensive warranty. If something goes wrong, plumbing wise etc- you have to deal with it there & then, no matter what it costs. Building or buying a brand new home, on the other hand offers peace of mind. Professional Builders stand behind their work with a warranty.
With a new home, there are no suprises when you move in. You know how the house built & what went into it- what you can see, & what is hidden behind the walls. You also know how to operate & maintain your home's systems & equipment. Your wiring & plumbing is new, your appliances are new.
Your Creation from the start
With a new home, you can have what you want from the very start. From layout to cabinets to flooring, new home builders offer a wide selection of standard & upgrade options. You pick & choose what suits your own tastes, lifestyle, needs & budget
Old homes may have hazards such as asbestos, lead based paint, leaking gas lines or faulty wiring & plumbing. They may pre-date today's building codes that have improved & changed over the years. New homes are tested to meet the strictest of energy efficiency & building safety standards.
Building a new home gives buyers lead time to sell their existing property if they have one, and plenty of time for planning exactly what they want. If you are selling you home first , you may feel under pressure to accept less than want you really would like. Buyers can lock in a new home at today's pricing.
Appreciation in Value
Virtually all new homes appreciate in value. In some cases you can have equity in your new home the day you move in. When buying an existing home it can take years to build up equity in your home.
Steps to take when you are buying a block of land
FOR MANY PEOPLE, BUYING A BLOCK OF LAND & BUILDING YOUR OWN HOME IS AN ATTRACTIVE ALTERNATIVE TO BUYING AN EXISTING HOME.
THESE STEPS ARE TO HELP YOU ENJOY & UNDERSTAND THE PROCESS OF BUYING LAND
& BUILDING YOUR HOME.
Step 1- Financing
It's time to talk to your lending institution about money. Work out how much you can borrow- before you go shopping, find out what you can comfortably afford,
& stick with it. If you are a First Home Owner, stamp duty may be exempt, plus you should ask about the First Home Owners Grant, if you are eligible this is a government initiative that provides a gift towards the property construction.
Step 2- Choosing your Land
We at Amaroo are here to help, let us show you the range of lots we have on offer, & assist you in finding the very best location & size to suit your needs. The type of property you choose should reflect your lifestyle choices & how you will best use your property. House & Land packages are available, which are sold on separate contracts, this gives you an approximate indication of the cost of both.
Step 3- Secure your dream Lot
Once you have decided on your favourite location, based on it being a sound investment, with proven history of good return, price can be discussed & a contract is then drafted to secure your own piece of Land.
Step 4- Conveyancing
Appoint a Solicitor or Conveyancing Agent. They will ensure you are getting clear title to your new property, ensure that any special conditions are in your best interest,( eg soil test & finance clause etc) plus liaise with your lending institution & the Developer to ensure your purchase is a seamless transaction.
Step 5- Contract
Amaroo's Solicitors will draft a Contract which is sent to your Solicitor for checking before you sign. A deposit will be payable to the Seller's Solicitor. Keep in mind this may take a few days, once all parties have signed the Contract it is then dated and deemed executed. Depending on your contract conditions, you will have 14-21 days to satisfy any finance or soil testing special conditions.
Step 6- Settlement
If the Lot you are purchasing already has title settlement is generally around 30- 35 days from Contract date.
If you are purchasing off the Plan The Developers will indicated an expected completion time & settlement is usually 14 Days after this date.
The balance of payment is due on settlement. Your Solicitor will contact your Lender to confirm settlement details & arrange for transfer of funds
Tip- Chill the Champagne
Step 7- Building
Your Builder will prepare an itemized New Home proposal that includes your choice of finishes, additions & customizations for your property & a final Home building Contract can be finalized.
Put out the Welcome Mat !
Enjoy the benefits of owning your brand new home
& all that it has to offer.
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