Hey there, future homeowners! So, if you’ve decided to take the leap to buy your own land, you may be thinking about the future where you can build your dream home. Exciting times are ahead! But before you get carried away with all the design possibilities and Pinterest boards, let’s talk about the nitty-gritty of buying the perfect section of land. It’s not as simple as it seems, but with a little guidance, you’ll be well on your way to finding the ideal spot for your new abode.
Let’s dive into the key things you need to look out for when purchasing a section.
Location, Size, and Budget
First things first, you need to find a section in the location you desire. However, keep in mind that land can be scarce, especially in urban areas, so be prepared to compromise. Determine your budget and ensure it covers not only the cost of the land but also the construction expenses. Some building companies, like Classic Builders and Classic Kinect, offer free site evaluations to give you an estimate of the overall costs upfront. Also, consider the size of the section as it will impact the type of home you can build. Get familiar with the boundary rules to know the actual buildable area.
Aspect, Scope, and Soil
In New Zealand, having a north-facing living area is highly desirable for maximizing sunlight throughout the year. There are even handy smartphone apps available to track the sun’s position, so you can plan the orientation of your future home accordingly. Don’t forget to check if any buildings, trees, or other structures might block natural light. Stunning views are a bonus, but keep in mind that an elevated site may require additional costs for earthworks and special engineering. Also, consider factors like wind and coastal zoning, as well as the soil conditions. Is the soil prone to erosion, or is the area susceptible to floods or earthquakes? These environmental and geotechnical elements will influence the type of home you can build and may incur extra costs.
Hillside or flat: Considering Costs and Benefits
When dealing with a sloping site, you may need to budget for retaining walls and extensive earthworks to establish a stable, level foundation for construction. Therefore, it is crucial to carefully assess the expenses and advantages before deciding between sloping or flat land for your project.
Rural vs. Urban
If you crave space and tranquility, a rural or lifestyle block might be your cup of tea. However, be prepared to consider a few additional factors. Check if essential services like water and electricity are readily available or if they need to be connected to the boundary. Assess the requirements for water tanks and a septic system, as well as the costs of earthworks and transportation for materials. Also, bear in mind that a remote location might necessitate a fire-fighting source if the house is far from a fire hydrant. Rural sections are subject to various regulations, so make sure your plans align with the land’s permitted uses.
Crucial details
Amidst all the excitement of finding the perfect section, it’s crucial not to overlook certain crucial details. It’s time to put on your detective hat and do some due diligence. Here are a couple of things to keep in mind:
- LIM Report for Comprehensive Property Information
When you request a Land Information Memorandum (LIM) report from the council, you gain access to a comprehensive summary of all pertinent details about the property. This report offers valuable insights into your land, including zoning information, natural features, and planned developments. Moreover, the LIM report provides crucial data on potential challenges your section might faceTop of Form
- Zoning rules and guidelines
Familiarize yourself with the zoning and covenants of the area. These rules and guidelines dictate what you can and cannot build on the site. Make sure they don’t restrict your plans or limit additions like fences, garden sheds, or garages.
- Future Projects
Check the Land Transfer Plan and District Plan for the area you’re considering. These documents will provide information on upcoming developments such as roads, facilities, and amenities. That breathtaking view you adore? Ensure it won’t be spoiled by commercial or housing projects in the future.
- Titles and contracts
Before signing any contracts, have your lawyer examine the title. In new subdivisions, the title might not be in place yet. Understand the implications for your build and determine if any additional clauses are required in your purchasing contract. It’s essential to clarify any potential delays in the construction process.
And finally…. Buying a section may take time, but if you follow the process step-by-step, alongside a reputable building company or with the assistance of your lawyer, you’ll find a blank canvas worthy of your new home. So, get ready to embark on this exciting journey and bring your dream home to life!
