CHOOSING THE LAND FOR YOUR HOME OR INVESTMENT PROPERTY

GENERAL OVERVIEW

Most people when buying a home or investment property particularly interstate finally accept that the builder or sales people will say “we have found a block which will suit the plan you have chosen”.

 

My thoughts on choosing the block

The size and shape of the land is really important for future use for the family to enjoy.
Is it a level block?
Is there a slight fall to the front, rear or side of the block?
If front, is it a slight fall, steep fall, or very steep?
This can lead to some very costly construction. If it falls to the front will be builder just excavate the slab site for the home and leave you with retaining walls of each side, plus at the rear of the home. Would you rather have a split level, rather than excavated in with a garage and stairway up to the home?
If a rear sloping block, is it a steep driveway down to the garage, again perhaps split level, with the bedrooms on the top floor and laundry and play room downstairs, or vice versa.

 

 

Drainage is important

Will you get run off with your block from storm water from the road, footpath, or neighbours’ opposite?
Easement
Is your block affected by an Easement? Usually across the rear of the block, sometimes down the side of the block, and occasionally down the front of the block. Is the easement part on your block and part on your neighbour’s block?

 

Services

Electrical (underground or overhead). Are there any high-tension power lines close to your block?

 

Vents from underground fuel tanks.

Petrol & Diesel

Nice neighbours

very quiet.

DANGEROUS??

Maintenance checks????

Capital Growth?

 

Petrol tank vents as neighbours is not my idea of a good block.

Water

In some rural developments you have shared water mains.

 

Gas available

his is important to some people as they only prefer gas cooking otherwise you want to install LPG cylinders to suit your requirements ie cooking, hot water or heating.

 

Sealed Roads, Curb and Channel and Footpaths

This is taken for granted on new estates, however, in buying land in older and rural areas you may be up for these costs.

 

Type of Ground

Rock (bluestone, sandstone, shale etc). Is the ground stable? If not, piers will possibly be required to support the slab. In one area, a colleague had to put 15 piers down before they could commence construction due to the ground conditions.

 

Community Title (very important)

These types of developments are becoming more popular, you need to be aware of what a Community Title really means. By that the home owners actually own the roads, footpaths, nature strips and walking paths etc.

 

Note

When the road, footpaths etc. need maintenance, or replacement, the home owners on the estate have to bear the cost. There are also special conditions on estates now in which you must submit landscaping plans that confirm to the estate’s design.
You must also settle on the land, and you will have a time frame in which you must commence construction.

 

In Conclusion

Don’t be scared by the above, it is important that Citrine, make you aware of all of the variables. We have solicitors in each State who are, I consider, experts in contract law who we can introduce you to, to check contracts – or you can use your own.
Some of these questions and statements can vary from State to State.

 

SITE VISITS ARE AN IMPORTANT PART OF THE CONSTRUCTION PROCESS

Inspection in a frame in Victoria