Buy your new home or sell your current home first?
One of the most frequently asked, and notoriously difficult to answer, questions regarding purchasing property is: ‘should I buy before selling my existing property, or should I sell my existing property first?’.
What are design guidelines and why do I need them?
So, you have decided to purchase vacant land and build your new home at Dennis Family Corporations’ Ashbury residential estate. Before you do, it’s really important to understand exactly what obligations, rules and restrictions you’ll have to work within.
The design of your new house will need to comply with DFC’s design guidelines for Ashbury. Why do we have design guidelines?
Building your dream home can be an exciting but daunting process, you may start out finding the right location and block of land, or you may select your perfect house first. Buying land and building your home is one of the biggest undertakings you will make and can be quite overwhelming. These key steps will help you through the process and keep you within your budget and stress-free as possible.
Saving for that deposit can sometimes be the hardest step. But it’s not impossible, especially with a little restraint and determination!
Here’s a couple of tips to help you on your way.
TIP 1 CREATE A SPECIAL ACCOUNT FOR YOUR HOME DEPOSIT
Work out how much you can afford to put away each payday. A direct transfer out of your everyday account into a special home account and you might not even notice it is gone.
Where to next, it’s important to establish your budget. When working out your budget you’ll need to factor in extra costs such as conveyancing, taxes, duties and fees.
We recommend that you contact your bank or a mortgage broker to find the right type of loan to suit your needs. Once again, our team can help you out with recommending a mortgage broker that’ll be able to step you through the financing process and applying for a home loan.
Here’s where our team are key! The Ashbury sales team are property experts, with years of experience and a unique understanding of how daunting the process can be. They’ll be with you every step of the way to make sure your dream of buying land and building the right home for right now is seamless.
At your appointment you will be required to sign an unconditional contract of sale and all parties whose name/s appear on your contract will need to attend, along with photo identification such as a Passport or Drivers Licence.
We aim to complete civil construction in a timely manner and will advise you of anticipated milestones and updates on construction progress. Before any machinery comes onsite, plans must be approved by the relevant authorities. Once these are approved the construction phases includes, removing topsoil, laying of sewer, drainage, water and gas systems, kerb and channel installed, electrical and communications cabling laid and the construction of footpaths and asphalting of roads.
With your land now selected, it’s time to choose a home design and builder. Before you start visiting builders and display villages you need to think about the right home that’s right for you now and into the immediate future. First and most importantly, work out a budget, from here you can decide on the home features that are essential, number of bedrooms, bathrooms, living areas, garage space, etc.
Through the civil construction phase, you will be issued with letters from our conveyancing team providing updates on construction and when settlement is anticipated. Of course, the Ashbury sales team always there to assist, answer any questions and provide guidance.
Prior to settlement you will need to have your finance approved. You’ll receive a land title document at settlement and can start building your home.