Buying land and building your own home is one of the most important financial decisions you’ll ever make. Here are some other helpful calculators to assist you working out your borrowing power, loan repayments and stamp duty payable on the land. Remember, these are only a guide and we strongly recommend you seek expert financial advice before making a decision.
Always remember you will need to budget for things like stamp duty, legal fees, land and water rates, and home and contents insurance.
10 Steps to buying and building
There is no right or wrong way to go about building your dream home, whether you start by finding the right location and block of land, or you select your perfect house first. However, buying land and building your home is one of the biggest undertakings you will make and can be quite daunting if you haven’t been through the process before. Click here for our 10 simple steps to building your home.
Choosing a builder
Choosing the right builder that’s right for you is critical. Start by viewing several builders websites and then head out to visit display villages, this is a great way to view different home designs, finishes and fixtures, as well as speak with numerous builder consultants. Research your preferred builders and if possible speak to people who have built with them about their experience.
What fits on your block
It’s easy to see what kind of home will be suitable for your land at Manor Lakes. The most popular home designs are listed here to give you an indication of what’s possible on various land sizes when building your dream home.
Due Diligence checklist
It’s an exciting time, buying land and building a home however, there are a range of issues that you need to consider. Consumer Affairs Victoria have created a Due Diligence Checklist that all purchasers should consider. The checklist is a guide only and professional advice is recommended.