Purchasing a House & Land Package means you may have some flexibility in choosing your block which may or may not affect the house and land package price..
Buying the Land
Follow our easy step by step guide to buying Land with AVJennings.
| STEP 1: Choosing your land. |
Your Sales Consultant will help you decide on the best location and size to suit the home you want to build – and your budget.
- Aspect, big garden potential or low maintenance area
- Close to transport, parks, schools, work, relatives, beach, shops
- Choose your own builder
|
| Hint: |
Discuss finance up front. Find out what you can afford and stick with it. |
| STEP 2: The deposit. |
| A $1,000 deposit is required to take the block of land off the market. Next, you'll need to provide your details to the sales consultant to allow AVJennings to prepare the Contract of Sale. You then pay the balance of the deposit (up to 10% of total purchase price including GST) on finance approval, which is generally within 21 days of the contract date. |
| Hint: |
: If you need legal representation contact the Qld Law Society for a list of local solicitors who can assist. |
| STEP 3: Conveyancing. |
| One of the first things to do is appoint a Solicitor or Conveyancing agent and advise your Sales Consultant. The Solicitor / Conveyancer will liaise with AVJennings’ Solicitor and arrange the transfer of property ownership and all necessary information required by your lending institution. |
| Hint: |
Ask your legal representation to provide a conveyancing quote and what that includes. |
| STEP 4: Arranging Finance. |
| It's time to talk to your lending institution about money. Find out how your Transfer Duty can be included in your loan. Ask about the First Home Owner's Grant (and any other government incentives available at the time of purchase). If you are eligible, this joint initiative by the Federal and Qld Governments will provide you with a non-means tested gift towards the property purchase. Conditions do apply and you can check these at www.osr.qld.gov.au |
| Hint: |
To estimate your Stamp Duty, visit the website above. First home buyers are exempt from Stamp Duty on property purchase, subject to property value. |
| STEP 5: The contract. |
| Make an appointment with your Solicitor / Conveyancer to discuss the Contract. Take into account that it may take up to 3-5 working days for your Solicitor / Conveyancer to review the Contract. Your Solicitor / Conveyancer will explain the Contract to you. Within 14 days of the Contract being issued, the Contract must be signed by you and returned to the sales person. If not returned within this time, your deposit may be refunded and the lot sold to another buyer. |
| Hint: |
Once you have signed the contract you have a 5 day cooling off period. Now it’s time to get formal finance approval within 21 days of the contract date. Ensure the name or entity you have used on the Contract is the same name/entity that will be used for the finance application. |
| STEP 6: Unconditional |
| If your contract is subject to conditions such as finance, or a soil test, you will need to ensure these conditions are met within the stated timeframe. If you require an extension of time, ask your Solicitor / Conveyancer to make a formal request to AVJennings Solicitor. Once unconditional, you will pay the balance deposit and usually settle within 14 days (if buying a registered lot), or wait until the land is registered (for off the plan purchases) to settle. If registration is a little way off this is a great time to finalise your home design so you are ready start building as soon as the land is completed. |
| Hint: |
AVJennings understand that sometimes delays occur in obtaining finance approval. If you need an extension please let your sales person know so they can offer assistance. |
| STEP 7: Settlement. |
| When the proposed survey plan is registered and approved by the Land Titles Office, you will receive a notice from AVJennings’ Solicitor advising the land is ready for you to settle. Settlement usually occurs 14days from notification of registration, or 14 days from finance approval. Your Solicitor / Conveyancer will contact your lender to confirm settlement details and arrange transfer of funds. |
| Hint: |
Chill the champagne. |
| STEP 8: Building. |
| You are required to submit your building plans to AVJennings for approval prior to submission to Council. We have Design Guidelines in place to ensure your new dream home is in keeping with the general theme of the neighbourhood to create an aesthetically pleasing environment for everyone. |
| Hint: |
Welcome to your new neighbourhood. |
Buying the Home
Choosing a House & Land Package means that while the price has been determined for a particular home on a particular block, you still have some flexibility in the home design which may or may not affect the package price.
| STEP 1: Choosing your home design. |
| Choose from the wide range of exciting house designs now available by many Builders that suits your lifestyle and budget. This is your opportunity to make changes and upgrades that are most important to you and make it your unique home. It is also the time to review the inclusions your package contains for example - driveways, fencing, and landscaping. |
| Hint: |
Discuss finance up front. Find out what you can afford, what is included and stick with it. |
| STEP 2: Arranging Finance |
| Once you have chosen your design and discussed the details with your preferred Builder, generally the next step is for your Builder to prepare a New Home Tender / Agreement. A deposit or fee may be required to prepare this document for your house design which details the costs associated with building your chosen house design on your chosen block of land. This may include a Contour Survey and Soil Test report prepared by a qualified surveyor and engineer. Specific guidelines and restrictions relevant to your particular block of land will also be investigated. This document is required by most lenders in order to pre-approve loans. |
| Hint: |
This deposit or fee may be non refundable so it's best to be sure the site and house design are positioned in your desired location. Ask your builder to explain their process in detail with you. |
| STEP 3: House Construction Contract. |
| When you have accepted your New Home Tender / Agreement, generally a Home Building Agreement or Contract is prepared for you. The Agreement or Contract is normally a detailed document including a full set of working drawings, costing and the terms by which you will agree with your Builder to build your new home. A further deposit or fee may be required to prepare this document and could be non- refundable and may form part of the total Contract value. |
| Hint: |
Generally the Home Building Agreement / Contract is a legal binding document so if you are not comfortable in signing seek legal advice. |
| STEP 4: Choosing your colours and finishes. |
| Excitement is building. Your Builder will generally invite you to explore the range of inclusions and help you to select colour schemes for both the inside and outside of your home. Your Builder's Colour Consultant will explain the process to you and assist you during this phase to ensure your new home is everything you have dreamt of. |
| Hint: |
Take the time to inspect the range of Display Homes available to help select the colour tone of your home. |
| STEP 5: Statutory approvals. |
Now that the design of your house, inclusions and colour schemes are complete, building applications can be prepared and submitted to AVJennings and Council for approval.
Following this, the final step before construction commences involves satisfying the necessary conditions for your Builder to issue the Authority to Commence Construction. This generally includes things like proof of funds and ownership of the land your Builder is about to commence building on. Generally construction cannot proceed until the land component of your package has settled. |
| Hint: |
Statutory approvals can take some time, depending on the Council it can range from 4 to 12 weeks, so be patient. |
| STEP 6: Construction phase. |
| Most Builders dedicate a Building Supervisor and Customer Service Representative to each home that are responsible for the construction of your new home and keeping you informed every step of the way. During the construction phase, due to work safety regulations, access to your home should only occur when accompanied by your Builder's representative. Inspections should be organised via your Building Supervisor or Customer Service Representative. |
| Hint: |
Landscaping and fencing should start to be considered if they did not form part of your Contract. |
| STEP 7: Handover. |
When building is complete and Council have provided an Occupation Certificate, it's time to make final payment for handover to occur.
Once settlement has been finalised, your Builder Representative generally confirms a time for you to collect your keys. |
| Hint: |
Put out the welcome mat - welcome to your new home. |
Buying the Home
Choosing a House & Land Package means that while the price has been determined for a particular home on a particular block, you still have some flexibility in the home design which may or may not affect the package price.
| STEP 1: Choosing your home design. |
| Choose from the wide range of exciting house designs now available by many Builders that suits your lifestyle and budget. This is your opportunity to make changes and upgrades that are most important to you and make it your unique home. It is also the time to review the inclusions your package contains for example - driveways, fencing, and landscaping. |
| Hint: |
Talk finance up front. Find out what you can afford and stick with it. |
| STEP 2: Arranging Finance |
| Once you have chosen your design and discussed the details with your preferred Builder, generally the next step is for your Builder to prepare a New Home Tender / Agreement. A deposit or fee may be required to prepare this document for your house design which details the costs associated with building your chosen house design on your chosen block of land. This may include a Contour Survey and Soil Test report prepared by a qualified surveyor and engineer. Specific guidelines and restrictions relevant to your particular block of land will also be investigated. This document is required by most lenders in order to pre-approve loans. |
| Hint: |
This deposit or fee may be non refundable so it's best to be sure the site and house design are positioned in your desired location. Ask your builder to explain their process in detail with you. |
| STEP 3: House Construction Contract. |
| When you have accepted your New Home Tender / Agreement, generally a Home Building Agreement or Contract is prepared for you. The Agreement or Contract is normally a detailed document including a full set of working drawings, costing and the terms by which you will agree with your Builder to build your new home. A further deposit or fee may be required to prepare this document and could be non- refundable and may form part of the total Contract value. |
| Hint: |
Generally the Home Building Agreement / Contract is a legal binding document so if you are not comfortable in signing seek legal advice. |
| STEP 4: Choosing your colours and finishes. |
| Excitement is building. Your Builder will generally invite you to explore the range of inclusions and help you to select colour schemes for both the inside and outside of your home. Your Builder's Colour Consultant will explain the process to you and assist you during this phase to ensure your new home is everything you have dreamt of. |
| Hint: |
Take the time to inspect the range of Display Homes available to help select the colour tone of your home. |
| STEP 5: Statutory approvals. |
Now that the design of your house, inclusions and colour schemes are complete, building applications can be prepared and submitted to AVJennings and Council for approval.
Following this, the final step before construction commences involves satisfying the necessary conditions for your Builder to issue the Authority to Commence Construction. This generally includes things like proof of funds and ownership of the land your Builder is about to commence building on. Generally construction cannot proceed until the land component of your package has settled. |
| Hint: |
Statutory approvals can take some time, depending on the Council it can range from 4 to 12 weeks, so be patient. |
| STEP 6: Construction phase. |
| Most Builders dedicate a Building Supervisor and Customer Service Representative to each home that are responsible for the construction of your new home and keeping you informed every step of the way. During the construction phase, due to work safety regulations, access to your home should only occur when accompanied by your Builder's representative. Inspections should be organised via your Building Supervisor or Customer Service Representative. |
| Hint: |
Landscaping and fencing should start to be considered if they did not form part of your Contract. |
| STEP 7: Handover. |
When building is complete and Council have provided an Occupation Certificate, it's time to make final payment for handover to occur.
Once settlement has been finalised, your Builder Representative generally confirms a time for you to collect your keys.
|
| Hint: |
Put out the welcome mat - welcome to your new home. |