Episode 7: 10 steps to choosing the right block of land
On this episode we are going to talk about the 10 Steps to Choosing the Right Block of Land. So, here are the 10 steps:
Review your Budget
Now common mistake that people take is they have a budget around the block and a house. But I believe there are 5 things you need to consider when working on your overall budget.
You do not want to get into a situation where you’ve allowed a certain amount of money when you move into your house and you find you haven’t lend enough for furnishing. So, it’s actually a really good part to allocate for your budget, when working at your budget.
Location, Location, Location…
Things that don’t affect your budget include proximity to schools, shops, doctors, parks, churches, public transport, highway entrances, and sporting fields. Now things that can affect your budget include bushfire rating and noise level. Say for example, you live really close to an airport, you may have to put certain windows which could maybe double or triple the price of your windows. So, there are a couple of things that you’ll need to take into consideration when choosing the location.
Land Development Guidelines
Now, I have a video but not sure which episode that is. Go back and watch that video specifically on the Land Development Guidelines and what they are all about. Just briefly, they are a set of guidelines set by the land developer into the rules that you have to follow when building and designing your own home.
Now, you may find land that is registered, but you may find a land that is yet unregistered. So, it’s a good idea to actually find out when the land will be registered. Sometimes you might find the land is not registered for a year. Some people may be happy to wait that time because they can actually save a lot more money to put toward their budget of the actual construction of the house. But, if you want to get your project done straightaway, then you may have to find some registered land or registered.
Block sizes have significantly reduced as the demand of the population grows. Going back a few years ago, big blocks were 600,000 – 700,000 sq. meters. The average block size these days are anywhere from 350,000 – 450,000 sq. meters. So, block sizes has significantly reduced. These things will affect whether or not you’re on a pool, on a big back yard, so you’re just going to have work out what type of size that fits into your budget. Whether or not you’re going to have a double storey or a single storey.
The shape of your block will affect what type of design you can actually put on there. If you have a block that’s really big at the front and really small on the back, will that’s going to limit the size of your backyard. So, it’s a good idea to just have a look at the shape of the block. You might not want to get some any sort of funny looking shaped blocks.
Cut and Fill
Let me just tell you a bit of a scenario about an issue say 3 – 4 years ago wherein a client was looking for a block and there was a $5,000 difference. Now the cheaper block turned out that there was a 3 meters worth of fill, and the $5,000 more expensive block were only about a meter worth of fill. Now that there could have told about $15,000 worth of extra dirt removal, concrete, and digging deeper holes. Just because the block is cheaper, you might want to do a little bit more of investigation on actually why it’s cheaper, and if there’s a cut and fill on there. So, it’s just something to think about.
Work out the Ideal Orientation
What I mean about this is the position of the sun. You might want to position your house that you want to have the sun at the back of your al fresco. So, in the morning you can see it out there and watch the sun rise. Or you may want the sun at the front where your master bedroom is, so that you can actually have a veranda there and you can have the sun rise at the front of your house. These are just slight little things to take into consideration, the position of the sun, where it’ll work out at the block of your land.
Review Your Easements
An easement is basically a service that may be of your block. It can contain water, phone lines, gases and sewers. So, you just want to find out whether or not they are on your block, where they are, and how close they might come to your house. Because if they do come really close to your house then there may be some special things that you have to do to your house, and just keep that into consideration.
One of the most important things when choosing a right block of land is the fine print. So, I highly recommend you to don’t read over this yourself and get a professional to read over. There might be some things in here that you don’t understand and I’ll be happy with to take out to add and include there to definitely get a professional to read the context for you.
The good thing about this is I’ve actually created a PDF for you to actually download the 10 Steps to Choosing the Right Block of Land. You can read it again or you can watch the video again.
If you know anyone who is in the process of choosing a block of land, then tag them in the comments below. And also, let me know anything else that you found helpful when you choose your block of land.
If you find that helpful, please like and share. In the comments below, I would love to hear your thoughts or either which one you chose when building your own home.