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the right moves

Tips for choosing a home site and avoiding additional land expenses

Tuesday, October 10, 2017

 Of the many factors to consider when choosing a home site some are less obvious than others. Missing one thing could have a devastating effect on one's budget and often once the problem rears its ugly head it's too late and the homeowners are left scrambling to find the additional funds required to finish the build.

Interestingly enough even 2 blocks side by side could have every different attributes and potential issues -- so it pays to be armed with as much information as possible when evaluating potential property locations.   

Recently I witnessed a $10,000 variating in a Fire Rating between 2 blocks facing each other on opposite sides of the same road. It wasn't until the full details of the block was disclosed that this came to light.

Here are some key factors you need to consider when choosing land:

  • Council Compliance
  • Estate Compliance
  • Easements
  • Setbacks
  • Soil Test
  • Retention 
  • Encumbrances
  • Drainage
  • Fire Ratings
  • Noise Ratings

Although its our client who makes the final decision we always strongly suggest that all facts are presented accurately before a final decision is made to purchase.

Typically if a block is cheaper than others in the same location there is a reason and in many situations it will relate to retention or setbacks. In other words only a specific floor plan will fit on the block and or several or tens of thousands of dollars needs to be spent on the block before it can be built on.

As Licences Agent with over 20 years experience putting together house and land packages, development sites and subdivisions I’ve seen it all and can very quickly point out the potential pitfalls. As they say your need to know when to hold, know when to fold, know when to walk away and know when to run. I don't mind telling people to run if I think it's warranted.

I am always here to offer you my guidance when needed and look forward to your call on 0414 035 217.

Regards,

Sue Farmakis