The Advantages Of Building A New Home
Moving into a new home is “exciting” just like “a dream come true.” These are just a few words to describe the feelings of home owners when they move into their newly built homes.
Owning a new home can change your life and save you money. When you build your own home you
1. Define Your Home’s Style
From choosing the location to floor plans to kitchen and bathroom fixtures, building a new home allows you to create the home that’s right for you. Our home buyers choose nearly every detail, so they can truly personalize their new home.
2. Energy rating
New homes are often built to be more energy-efficient, which means lower running costs and energy bills. By choosing a home that has earned the government’s trusted energy rating you can enjoy peace of mind knowing the house of your dreams meets strict guidelines.
3. New Technology
New homes are more likely to be wired with new technologies and appliances to help make life easier.
4. Move-In Ready
A brand-new home should not require the amount of upgrades and maintenance that a pre-owned home may need before move-in, and that’s a big plus. However, home maintenance is something every home will need year-round to keep it in the best of shape. Creating an annual home maintenance calendar can be a helpful way to stay on schedule.
Many home builders offer warranties in case certain problems develop over time. The professional services provided with a home warranty only require a home owner to make a phone call or fill out a claim form. Warranties can help save both time and money for home owners.
The home builder process
The first step is for you to have a chat with a home builder sales consultant. The house builder sales consultant can take you through an assessment of your building needs.
Are you looking to build a new house and land package? What area are you interested in? What is your block of land and house wants and needs and importantly what is your budget?
Are you planning a knockdown rebuild on you current block of land? Some home designs are unsuitable for some blocks, maybe the block is too small or faces the wrong way for a particular design. The sales consultant can assess your block characteristics and help you to find a design that meets your needs and budget.
When reviewing your existing block there are some aspects that need to be considered including:
- Fall or Slope, frontage width and depth of your block (the physical aspects of your block impact on what can be built and the potential costs of building it)
- Required setbacks and any easements on your land (these influence where you can and can’t build on the block)
- Position of the driveway
- Best home orientation for maximising natural light and solar heating/cooling)
- Power supply and options for underground supply.
- Council overlays (such as vegetation protection, density, heritage etc..)
- Street access and any potential traffic management issues
- Neighbouring properties and any overshadow or overlook issues.
Get a quote: A refundable deposit is required to secure the discount price or promotional offer (where applicable). Ask your sales consultant about the deposit amount.
Paperwork: Provided you have completed all of your paperwork, your deposit will secure pricing.
Plans and contracts: Please provide a copy of your Certificate of Title/Plan of Subdivision and a copy of your Land Contract. These are essential for planning and implementing the build project.
Acceptance of the build quotation: Next you need to review and accept your quotation.
Second non-refundable deposit payment: A second non-refundable deposit is also due at this time. These funds are used to conduct soil tests, the site survey and council requirements (if applicable). It is also used to create your tender documentation. Your tender document is an detailed itemised contract that includes your selections and choices.
The Tender: This is where all of the information, planning and quotes come together into a tender for your review and signoff.
The tender covers all aspects of the house including the preliminary site costs, site plan and floorplan, covering façade, colour selections and variations (as applicable). This is it, review and double and triple check this. No changes are allowed after the tender is signed.
Council and planning: Now we are ready to apply for the relevant council dispensations.
Progress payments: The progress payment is due for finalising your contract and drawings.
Demolition time: where you are doing a knockdown rebuild it is time to demolish the existing house. During this process all existing services are capped to the property boundary. After this you will need another soil test, this is to confirm the engineering aspects of the slab that will be required.
Your Contract: At this stage you will get your personalised new home contract. Each person listed on the contract must sign the document.
Progress payment: At this stage another progress payment is required.
Site ready: Now that the contract is signed and progress payment made, your energy assessment, final construction drawings need to be submitted. All relevant information required by your council also needs to be confirmed. For knockdown rebuilds, based on the last soil test the final site cost are confirmed.
What you need before construction can start:
Letter of offer from your bank or lender if you require a mortgage for the build.
Written confirmation from your lender that funds are ready to be released for your progress payments.
Written confirmation of land ownership.
Start building: Great it is time to start building your new home! Congratulations a celebration is in order! Breaking dirt on your project is exciting.
Before starting all of the relevant permits and approvals must be in place. Evidence of land ownership, all details of any restrictions and convernances must have been provided along with finance approval. All designs and drawings must be approved and pre start contract clauses met.
Progress payments: Progress payments are specified in your contract. Generally yourprogress payments will be made at the following stages:
This guide to home construction process is a guide only. Please contact us to speak to a sales consultant.