Posted February 20, 2020 in Blog

Top 5 things you should consider before buying land

Top 5 things you should consider before buying land

This blog is published by King Homes – a custom home builder in Leppington, NSW.

If you’re in the market to buy a block of land in a new estate, these are the things you should consider before putting down your money to secure the block.

Considering these 5 items before purchase will make sure you reduce any hidden surprises later on down the track.

1. Orientation

Do you know whether the block you are considering purchasing is North or West facing? And if so, do you know how to make sure you have a well-designed floor plan to take advantage of its natural features?

A poor design on a West facing block can lead to your home feeling like a sauna in the warmer months. It may also mean increased energy costs as you’ll likely feel the need to run the air-conditioning more often. 

As a guide, North facing blocks do get the best sun exposure and therefore you should place your living areas there. The narrower ends of your home are better placed on the West and East of your block. The wide sides of your home are best placed facing North and South.

Make sure you know the orientation of the block and ensure your builder makes this an important factor before finalising your house design plans.

 2. Price

An expensive block of land can mean less budget on your new home build. Often new land purchasers will say, we have spent $500,000 on the block so we only have $300,000 left to build our new home without a true realisation that their remaining budget may not allow for all the features they dreamt of having.

Be realistic about build costs and make sure you do your research with builders to get an idea of how much your new home will cost. Sometimes, it’s better to purchase a smaller block of land so you can use your budget to build the home you want.

Tip – if you’re buying your land through a real estate or private developer, you should have more ability to negotiate on price than through a large-scale developer.

3. Land Variations

Ensure that you know exactly how much fall and fill your block of land requires before putting your money down as a deposit as this could very much affect your build cost.

Get to know where your easements are and if any covenants may apply prior to buying the land to minimise any future surprises.

4. Infrastructure

If there anything more frustrating than moving into a new area and not getting any mobile phone reception. Or worse, the kids not being able to get onto wi-fi!

Do your research about the infrastructure which exists and which companies better service the area. It’s also a good time to ask whether the area is NBN ready.

5. Incentives

We all know the property market is very much up and down at the moment so its worthwhile to ask the developer whether there are any incentives for you to purchase a block of land. Often large developers will offer a cash-back rebate for landscaping or perhaps a discount of your block of land. There is no harm in asking.

About King Homes

King Homes – a custom home builder in Leppington, NSW provides quality homes at affordable prices.

King Homes prides itself in maximising the value we deliver to our clients. This commitment is at the heart of our business and our team.

We will support you through the entire build process, every step of the way, with complete transparency to ensure you love your brand new home.