When looking for a new place to live, is it always worth looking for a cheap house and land packages? While there are definitely bargains out there, make sure you check out the buying process of cheap house and land packages below to ensure you’re getting the best option for your family and you’re prepared before you sign.
Step one – Research: Think about the area you want to be in and the size of home your family requires. Consider amenities close by and the transport links, both current and future. Consider your timeframes, remember usually that cheap house and land packages are sold “off-the-plan” meaning land is unregistered and can’t be built upon until it does register.
Step two – Investigate: Work out your budget and what you are able to borrow. Most people speak with a bank or mortgage broker to find out the options that are right for you.
Step three – Enquire: Once you know your budget and what region you want to be in, you can look online, visit real estates or contact us here at Meridian Homes to help you find the right package.
Step four – Secure: With a small fee, you can secure the package and have the contracts issued. In most cases, the land contract will go directly to your nominated solicitor to review and the building agreement will be sent to yourself to look over.
Step five – Authorise: Arrange to sign both your land contract (with your solicitor) and building agreement (with your sales consultant). This is referred to “exchange of contracts” after which you will be required to pay the amount to both sides.
Step six – Settlement: When the land is registered, you’ll be asked to pay the remaining funds (referred to as a settlement) and we’ll prepare your file for the design phase of the journey where colors are selected and building approvals are obtained. You’ll also have a dedicated Design Coordinator who will guide you at each step of this process.
And that’s it. From here you’ll head to construction and have your brand new home shortly. Are you ready to look for a cheap house and land packages? Contact us today to see how we can help.