Top 5 Things to Consider When Buying a Block of Land

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Top 5 Things to Consider When Buying a Block of Land

If you're thinking of buying a block of land, it's important to do your research first! There are a lot of things to consider before making such a big purchase. In this article, we discuss the 5 most important things to think about before buying a block of land.

By considering these factors, you'll be in a much better position to make an informed decision that's right for you and your family. Let's get started!

Finance

When it comes to buying and building, the first step in the process is finance. It’s important to come into the process with a firm idea of how much you can afford to spend on a block of land. The best way to do this is by working with a broker or your bank to understand exactly how much you will have to spend. This will help narrow down your search and give you a better idea of what's available to you.

Once you know your budget and a location of where you’d like to live, your builder will work with you on creating your perfect house and land package that fits within your budget and lifestyle.

TIP: Make sure you do your research to get an idea of how much your new home will cost. LWP offers a range of land options to suit all budgets and lifestyles, from narrow single storey and two storey lots (for those who want less maintenance) to large lots with space for the whole family. You can browse land for sale by lot size, frontage and price, and find house and land packages suited to particular lot sizes.

Location

When it comes to land, it’s all about location, location, location.

Is there a specific area you are interested in? If not, start researching different areas that might be a good fit for you. It is important to consider things like infrastructure, access to amenities, and resale value, as well as lifestyle factors such as proximity to work and family/friends when making a decision.

LWP is a renowned property developer with multi-award winning communities both in WA and NSW. Our multi-disciplinary team specialises in the development of master-planned communities with a balanced mix of residential, recreational and retail facilities so you’ll have everything you need to live, work and play. Take a look at our range of communities to find the one perfect for you

TIP: Research the existing infrastructure in the area as well as any plans for the future. This can include location plans, concept plans and updates you can find on local council websites.

Orientation

Did you know that the orientation of your block of land can significantly impact your energy bills both positively and negatively? This is where paying attention to the orientation of the block of land you buy pays off.

For example, a northern orientation will ensure the house gets enough natural light and warmth during winter, while also protecting it from excessive heat in the hotter months of the year.

On the other hand, a home on a west-facing block that isn’t designed with orientation in mind can quickly heat up in the warmer months leading you to use your air-conditioning more and potentially running up your energy bills.

TIP:  Having a house built with optimal orientation will result in considerable savings on the energy bills in the long run. Make sure you know the orientation of the block and ensure your builder makes this an important factor before finalising your house design plans.

Block size and shape

The design of your house will largely depend on the size and shape of the land you buy.

For this reason, it’s important to consider what type of home you are looking to build. Is it single or double storey? A large family home or low-maintenance townhouse?

The type of home you want needs to take into consideration your current living situation and any plans you may have for the future. For example, a family with children would ideally want a larger home with a backyard, young professionals often crave modern, low maintenance living, while narrow lot homes or two storey townhouses are becoming increasingly popular for downsizers.

Knowing these things before you start looking will help you choose the best block for your needs.

TIP: A rectangular block of land is a popular choice not just for the flexibility it provides but also for the potential resale value it offers.

Inclusions

Every LWP home comes with a host of wonderful inclusions at no extra cost to make moving into your new home easier. It’s all part of making your house feel like a home from the day you move in. These can include things like:

  • Side and rear fencing
  • NBN fibre to the premises
  • Front yard landscaping

If you're thinking of buying a block of land, be sure to keep these five things in mind. It's important to do your research and make sure the land is right for you – after all, this could be the place you call home for years to come!

If you have any questions about the process or would like some help finding the perfect location or block of land for you, feel free to get in touch with our friendly team.

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