Most people have an idea of the home you want to build, the lifestyle you wish to lead and the budget you have to get there. The location will also be a big factor for people, both in terms of access to employment and the transit involved, as well as the price of land in the area.
You can browse all Villawood’s communities here!
Some pointers on choosing where you want to live:
Now you have decided on your location, the next choice to make is the lot on which to build your ideal home. Our on-site local sales consultant can help give you an idea of which block will suit your budget and lifestyle.
Here are a few things to help start you thinking about what sort of block to look for:
Now you’ve selected your dream lot, the next step is to visit a Villawood land sales office and secure the lot. To do this you will also need to pay your deposit and sign your land contract. One of the big advantages of buying land and building your own home is that you save thousands of dollars in stamp duty in comparison to buying an existing home. And, if you’re a First Home Buyer, you may also qualify for the First Home Buyers Grant! For more information about available concessions and eligibility, please visit sro.vic.gov.au.
Villawood has also recently changed the land sales contract to restrict nominations to immediate family members. You can read more about these changes here. To understand the costs and concessions available, here’s an example based on a lot that is on the market in metropolitan Victoria for $240,000.
Remember, your bank or mortgage broker understands this process and the best person to help guide you through the process. You can also make a visit to your mortgage broker or bank and get pre-approval from them before you come and buy your land.
Once you have selected your dream block, it’s time to decide on your house design!
Some points to think about when selecting your house and builder are:
Now you’ve bought your land and chosen your builder, pop into your bank or mortgage broker and they will show you just how easy it is to combine your land and house purchase into the one finance application. Or, come and talk to one of our on-site agents, who can put you in touch with a mortgage broker or financial adviser in your area.
If you’re an eligible first home buyer, you’ve got the added bonus of the Government’s First Home Buyer Grant and stamp duty savings, which could save you thousands! Visit sro.vic.gov.au for more information including concessions available and eligibility requirements.
Make sure to keep your eyes open for any current Villawood offers, which could save you even more. The Villawood team are always here to assist you. Good luck on this exciting journey and we look forward to welcoming you, to one of our Villawood communities soon!
