Buying land is easy. No, I'm serious. It's really easy.
You find a block in an area you like, with the right amenities (connections to trains, big shops, local shops, schools, parks, puppy parks etc) and then you find a block and you buy it. You sign up to an REIQ (standard land or pre-existing house&land) contract. Pay some money, get a loan, pay some more money, get a title, settle, pay some more money (that you borrowed) and you're done. That's it.
If you are like us and found a house plan before you found a block (Chicken?? Egg??), then you may have to go through a few blocks to find one that will fit your house design. We did three. Just like Goldie Locks, we had a try a few before we found one that was "just right".
We're building in one of the new estates in Brisbane's Far Northern Suburbs, on a block that's about 650 sqm. We are next door to a park, with a beautiful old tree (see our profile pic), jungle gym, and outdoor BBQ area. Here's a picture of our red dirt, white guttering, black road, and retaining wall in the distance. And yes, they are sewer outlets. We have 4 on our block! How lucky are we! Don't worry I found out you can cover them.
This week that we went unconditional on our land contract. To those of you who haven't bought, that's when the bank tells you they will give you the money you asked for and then you tell the Seller you can REALLY buy their land. Oh and you pay a little bit more money. There's always the little bit more money to pay.
Now that the land is finalised, we can continue with our second job of looking at house "STUFF".
No comments:
Post a Comment