Once you have selected your home design, it’s time to sign the builder’s contract – detailing what has been agreed upon when it comes to house design, expected time frames, and the terms and conditions of payment. With a deposit paid on the building, your builder will arrange for a soil test and land survey in order to ensure that your block of land is suitable to build on. Keep in mind that, while your builder is responsible for building your home, they are unlikely to cover things such as pools, driveways, fencing, landscaping, and more.
You will also be signing paperwork from your mortgage broker around this time, including loan approval documents and progress payment forms for the lender. A solicitor will then organise land settlement on your behalf, and once the settlement of your land purchase is complete you officially own your land.