Episode 32: Top 10 things people don't consider when building
20th November 2023 | 30m 09s
Listen in as we outline 10 essential items that we have seen other buyers either miss or not understand when buying their house and/or land. This is a pivotal checklist that will save you time and money, so be sure to tune in.
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Timestamps:
2:23 - What deposits are required when purchasing a house and land package (or house only)?
5:08 - Don’t forget to factor in stamp duty, conveyancer costs, land transfer fees, mortgage insurance (if applicable).
5:53 - Understand the impact of progress payments on your cashflow… because you need to pay for each stage during your build, not all at the end.
9:25 - Get a conveyancer upfront and be sure to check your survey pegs on site
12:23 - Be aware… you are responsible for clearing your site, not your builder.
17:26 - Know your exclusions, not just your inclusions. Ask the question - what am I NOT getting?
18:49 - Plan for and check your refrigerator space dimensions on the detailed drawings
20:45 - Expect to pay for rates and services (electricity and gas) from the day you settle your land, during your construction and connections after construction too.
20:50 - If you hire a building inspector, remember to factor in the additional construction days that will be applied.
23:22 - Understand the impact that neighbouring dwellings can have on your build.
Want to reach out to Colin or Darren directly?
Colin - 0419 220 140 - colin@hlvictoria.com.au Darren - 0430 087 450 - darrenbrennan@metricon.com.au