Browse Forums Buying Land 1 Dec 26, 2019 8:47 pm Hello I am looking at buying a vacant land and build on it soon after purchase of land. I'm looking at getting a loan for the land and I have saved enough for the deposit on land without the need for LMI. What I'm not sure about is the second stage which is getting a loan for the build. Do I need to pay 20% deposit again on the cost of the build? Is it easy enough to get a build loan if I already have a loan on the land? Sorry completely new on the buy and build process so any help would be appreciated. Thanks, Re: By Land and Build 2Dec 27, 2019 12:20 pm Sorry, I can answer your questions.
But I will offer some advice. Do your research about house plans, BEFORE you buy a block. Often people do this after they've bought a block, only to find this block will compromise their house plan. Orientation of your home is very important! You want your living areas to face north (where they will receive sunshine in winter, & be shaded in summer). This is called "passive solar design". More about it can be found here, https://www.yourhome.gov.au/passive-design A wide, southern frontage block is ideal for this. With the north facing living areas facing the backyard. For an east or west frontage block, privacy may be an issue for north facing living areas, as they'll face the neighbour. Narrow blocks in these orientations can have problems with overshadowing by northern neighbours. Limiting the potential for passive heating by the sun in winter. Probably the least desirable block orientation would be a narrow northern frontage block. In this case most of the northern sunshine is lost, striking the double garage. Re: By Land and Build 3Dec 27, 2019 12:27 pm ddarroch Sorry, I can answer your questions. But I will offer some advice. Do your research about house plans, BEFORE you buy a block. Often people do this after they've bought a block, only to find this block will compromise there house plan. Orientation of your home is very important! You want your living areas to face north (where they will receive sunshine in winter, & be shaded in summer). This is called "passive solar design". More about it can be found here, https://www.yourhome.gov.au/passive-design A wide, southern frontage block is ideal for this. With the north facing living areas facing the backyard. For an east or west frontage block, privacy may be an issue for north facing living areas, as they'll face the neighbour. Narrow blocks in these orientations can have problems with overshadowing by northern neighbours. Limiting the potential for passive heating by the sun in winter. Probably the least desirable block orientation would be a narrow northern frontage block. In this case most of the northern sunshine is lost, striking the double garage. Thank you for these tips. Much appreciated 2 5494 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 17588 8 6138 |