How Do I Chose the Right Block of Land?

So, you've come across what appears to be a tempting deal on a block of land. However, the actual cost of the land is only the starting point, with potential implications for the overall expense of building your dream home. Whether you're considering buying land or demolishing an existing structure for a fresh start, numerous factors come into play, shaping the financial landscape of your new build. Let's explore the key considerations influencing the cost of bringing your dream home to life:

The geographical placement of the land is a crucial factor in its cost. Desirable neighbourhoods, proximity to urban centres, access to amenities, and the overall reputation of the area can significantly affect land prices. It's vital to consider not only the current appeal of the location but also its potential for growth. Developing neighbourhoods might offer more budget-friendly options compared to well-established areas.

While two blocks may look the same on the surface, underlying costs such as zoning regulations and local planning restrictions can potentially wield a significant impact on land costs. Understanding the permitted land use, density allowances, and any restrictions such as Bushfire Attack Levels (BAL) can assist in selecting a block that won’t incur unnecessary site costs.

The existing infrastructure and utilities available on the land can have a substantial impact on your budget. Access to water, electricity, sewage, and other essential services can influence costs. Undeveloped land may require additional investment in infrastructure, directly impacting the overall budget for your dream home.

Physical characteristics such as topography and soil conditions are pivotal factors influencing costs. The type of soil, chemical conditions and physical properties i.e, clay, rock, sand etc. will determine the type of foundations that can be used. In some cases, additional measures such as screw piers may be required, resulting in additional build costs.

In addition to soil properties, other factors such site accessibility, challenging terrain might necessitate additional site work, impacting overall expenses.

For those looking to manage costs efficiently, selecting a rectangular-shaped block on level ground is a wise choice. This will reduce site preparation expenses and simplify the construction process, providing a more budget-friendly foundation for your dream home.

Curious to explore available house and land packages that align with your vision? Our team is here to guide you through the possibilities and help you take the next step toward turning your dream home into a reality. To speak with one of our New Home Advisors about your block, contact us today.