When you choose a House and Land package, the home design has been matched with a block of land and a price has been determined.
When you have decided on the home and land, these two are purchased separately.
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 to suit your budget.
- Aspect, big garden potential or low-maintenance area
- Close to transport, parks, schools, work, relatives, beach, shops
- Choose your own builder
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| Hint: |
Have your finances organised up front. Find out what you can afford and stick with it |
| STEP 2: The deposit |
To secure the allotment of your choice a $1,000 initial deposit is required. You will also be required to sign a contract of sale at this time.
The contract includes the conditions of sale and a section 32 Vendors statement – a document designed to disclose any information relating to the allotment such as rates and taxes.
At this time you should appoint a solicitor or conveyancer and provide AVJennings with their details.
The solicitor/conveyancer will liaise with AVJennings and arrange the transfer of property ownership and all necessary information required by your lending institution. |
| Hint: |
Once you have exchanged contracts, there is no going back. So ask lots of questions and be very sure. |
| STEP 3: Balance payment |
| The balance of your 10% deposit is due within 14 days of contract signing |
| STEP 4: Settlement |
Settlement normally takes place 4 weeks from exchange of contract as long as the plan of subdivision is registered and approved by the Land Titles Office.
You will otherwise be required to settle 14 days after your solicitor/conveyancer has been issued with the subdivision registration.
Settlement also means the balance of payment is due. Your solicitor/conveyancer will contact your lender to confirm settlement details and arrange transfer of funds.
Once full payment has been made, the title is transferred into your name. |
| Hint: |
Chill the champagne. |
| STEP 5: 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 Neighborhood. |
NB: Indicative timing provided as a guide only and may vary.
Buying the Home
Choosing a House & Land Package means that while the price has been determined for a particular home on a particular land allotment, 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 is perfect for you. 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 what is included and stick with it. |
| STEP 2: Financing. |
| 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 land allotment. This may include a Contour Survey and SoilTest report prepared by a qualified surveyor and engineer. Specific guidelines and restrictions to your particular land allotment are 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. |
| STEP 3: 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 review. |
| STEP 4: Choosing your colours. |
| Excitement is building. Commonly, your Builder will 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 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 who 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. |