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All Categories
Home Design Inspiration
Home Finance Tips
Home Building Tips
Knockdown and Rebuild
Latest News and Burbank Updates
Property Insights and Investments
Home Building Master Class
Related Articles
Building Your Dream Home: Avoiding Common Pitfalls + Maximising Success
see more.
Unlocking the Power of Equity in Housing: A Guide for Homeowners
see more.
Building on a Budget: Smart Strategies for Affordable Home Construction
see more.
Do You Need a 20% Deposit and Why Saving Could Be Costing You Money
see more.
Acreage Retreats to Metropolitan Havens: Exploring Land Options
Unveiling the Secrets of a Flawless Home Build: Expert Tips and Tricks
Embarking on a journey to build your dream home is an exhilarating experience. To ensure a flawless home build, it's crucial to follow the right order of steps and make informed decisions along the way. In this Building Masterclass, we'll unveil expert tips and tricks that will guide you through the process, from securing the perfect mortgage to selecting the ideal block of land and securing your dream home. Get ready to unlock the secrets of a successful home build!
Before diving into the home build process, it's essential to have a clear understanding of your financial capabilities. Speak to a mortgage broker to assess your borrowing capacity and determine a full purchase budget. This will give you a realistic idea of how much you can afford, setting the foundation for a smooth and stress-free building journey.
2) Prioritise What Matters: Location or Home Design?
Making a priority list is crucial when building your dream home. Decide what holds more importance to you - the location or the features and design of the house itself. Understanding your priorities will help you make informed decisions throughout the process and ensure you're investing in the elements that truly matter to you.
3) Narrow Down Your Desired Area or Suburb
After determining your priorities, narrow down your desired area or suburb where you would like to build your home. Consider factors such as proximity to schools, amenities, transportation, and lifestyle preferences. This focused approach will help you streamline your search and find the perfect location for your dream home.
4) Collaborate with a Builder and Define Your Requirements
Once you have your desired location in mind, collaborate with a reputable builder to narrow down a floor plan that suits your requirements. Work on a list of must-haves in your home and communicate them clearly to the builder. Together, you can develop a tailored design that aligns with your vision and budget. Once narrowed down, your builder should have some minimum block size requirements that will inform the next decision.
5) Selecting the Right Block of Land
With the floor plan in mind, you'll have specific requirements for your block of land. Begin narrowing down the list by considering factors such as registration/title dates, price, and proximity to amenities. Choose an estate that meets your criteria and complements your vision for your dream home.
6) Confirm Budget Compatibility and Secure Pre-Approvals
Ensure that both the house and land prices fit within your original budget. If they do, move forward with the process of getting pre-approvals in place. This step provides peace of mind, knowing that your financials are in order, and you can proceed confidently with your home build.
7) Secure the Land and Finalise the House Build
Put an initial deposit down on the land to secure it with terms that suit your purchase type. Once the land is secured, finalize the house build by placing a deposit and confirming all inclusion items. Work closely with your builder to ensure that the budget aligns with your comfort level and that your dream home comes to life.
From here you will enter the next phase of the building process – the pre-construction journey. Learn more about the building process via our other Home Building Masterclass blog:
From Blueprint to Reality: Witness the Journey of New Home Construction
Building your dream home is a thrilling adventure, and following the right order of steps is crucial to achieve a flawless outcome.
-
- Speak to a mortgage broker
- Prioritise your needs
- Narrow down your desired location, collaborating with a builder to select the right block of land
- Confirm budget compatibility
- Secure the land and house build
Related Articles
Building Your Dream Home: Avoiding Common Pitfalls + Maximising Success
Building your dream home is an exciting journey filled with endless possibilities. However, it's essential to approach this process with careful planning and consideration to avoid common pitfalls that can derail your project. In this Building Masterclass, we'll explore key strategies to help you navigate the construction process smoothly, minimise delays and unexpected costs, and maximise the success of your dream home.
more.
Unlocking the Power of Equity in Housing: A Guide for Homeowners
Equity is a term that often comes up in discussions about homeownership and real estate. It holds significant value and can be a powerful tool for homeowners. In this edition of our "Building Masterclass" series, we'll delve into the concept of equity in housing, providing a clear definition and exploring how you can leverage it to your advantage. more.
Building on a Budget: Smart Strategies for Affordable Home Construction
Building your dream home doesn't have to break the bank. With careful planning and smart decision-making, you can create a beautiful and functional space while staying within your budget. In this edition of our "Building Masterclass" series, we'll share valuable tips and tricks to help you achieve affordable home construction without compromising on quality or your vision. more.
Do You Need a 20% Deposit and Why Saving Could Be Costing You Money
The notion of saving a 20% deposit for a home purchase has long been ingrained in our minds. However, it's time to explore how adhering to this conventional wisdom may actually be costing you money in the long run. In this edition of Building Masterclass, we'll explore the concept of a 20% deposit, its origins, and alternative options that can save you both time and financial resources. more.
