What are design guidelines and why do I need them?
So, you have decided to purchase vacant land and build your new home at Dennis Family Corporations’ Peppercorn Hill residential estate. Before you do, it’s really important to understand exactly what obligations, rules and restrictions you’ll have to work within.
The design of your new house will need to comply with DFC’s design guidelines for Peppercorn Hill. Why do we have design guidelines?
Building your dream home can be an exciting but daunting process, you may start out finding the right location and block of land, or you may select your perfect house first. Buying land and building your home is one of the biggest undertakings you will make and can be quite overwhelming. These key steps will help you through the process and keep you within your budget and stress-free as possible.
Where to next? It’s important to establish your budget. When working out your budget, you’ll need to factor in extra costs such as conveyancing, taxes, duties and fees.
We recommend that you contact your bank or a mortgage broker to find the right type of loan to suit your needs. Once again, our team can help you out by recommending a mortgage broker who’ll be able to step you through the finance process and apply for a home loan.
One of the most frequently asked, and notoriously difficult to answer, questions regarding purchasing property is: ‘should I buy before selling my existing property, or should I sell my existing property first?’.
Quite simply, every situation is different, and we recommend you consult an independent financial advisor before making any binding decisions.
There are a few key considerations that can help inform your decision making.
Is the current market favouring those selling or buying?
Another option chosen by some purchasers is to keep their current home as an investment and upsize to something larger. This can provide financial benefits, however, we recommend you speak to your financial advisor about your options before making any decisions.
Here’s where our team are key! The Peppercorn Hill sales team are property experts, with years of experience and a unique understanding of how daunting the process can be. They’ll be with you every step of the way to make sure your dream of buying land and building the right home for right now is seamless.
Once you choose a block of land, you’ll need to pay an initial deposit to secure the land. The initial deposit is fully refundable and paid into a trust account. Once the initial deposit has been received a contract signing appointment will be made within 7 days.
At your appointment you will be required to sign an unconditional contract of sale and all parties whose name/s appear on your contract will need to attend, along with photo identification such as a Passport or Drivers Licence.
Prior to signing your contract, we do recommend that you seek independent legal advice. The balance of your deposit will be required at the contract signing appointment and a trust account receipt will be issued. Once the contract is signed and deposit paid, a copy of the executed contract will be sent to your legal representative.
