Choosing Between Land and House? Which To Buy First?

It’s a frequently asked question when individuals are envisioning their ideal home – and we’re here with solutions

Standing on an empty block and visualising your future can be a powerful feeling – one that can tempt you to start the process of building your dream home by buying land. Even more so if you’ve spent time researching locations and this one hits the spot when it comes to proximity to school zones, public transport and amenities. However, it’s crucial to grasp the possible drawbacks of proceeding in this order. there are risks in financially committing to buy land if you don’t fully understand the factors that determine what can actually be built on it. often people find their land and their selected dream home, only to learn that it can’t be built on that block. Which unfortunately, too often when people buy a block of land first, they end up having to compromise on their home.

Buying land first can have financial implications and limit the home designs that are available to you.

The Risks of Buying Land First

One of the simple mistakes people make is to buy a block of land that doesn’t have sufficient frontage or depth to accommodate their chosen home design. Another is failing to understand the impact that fall has on the building process. A block of land is rarely just flat. A small difference in gradient may have implications on your home.

And if your dream home has two storeys, the process can present even more challenges: regulations around overshadowing and overlooking could prevent you from ‘building up’; and your double-storey design may be similarly compromised if your estate includes 3D building envelopes, which are sometimes enforced by developers to achieve an attractive streetscape, in part by restricting the height of each house. In some cases, you’ll have little choice but to select a different home design that works on your block of land – or sell and start again.

Other situations may have financial implications. For example, if your block is too close to a major freeway or powerline easement, it can affect how much finance banks are willing to offer, not to mention the resale value of your house.

So, make sure you do a lot before you pay that deposit for your land.

Don’t want to compromise on your dream home? Choose a house that’s suitable to your needs and lifestyle before finding the perfect block of land to build on.

The Advantages of Choosing Your House First

We often find ourselves discussing our ‘dream home’ rather than our ‘dream land plot’, and for good reason. It’s the specifics of your house that deliver the lifestyle you want – whether it’s one or two storeys, the number of bedrooms and bathrooms, or having a beautiful kitchen and dining space if you love to cook and entertain. Once you know what your dream home looks like and you have a desired general location, you can then look for a block of land that meets your needs.

Doing it in this order puts you in a good position to achieve your desired outcome without any compromises. However, the process of finding the right block can still be time-consuming and frustrating process. If this seems daunting, there’s one other approach you can take that eliminates risk and worry, and is guaranteed to deliver a splendid result…

Why House and Land Packages Is The Best Option

Given the complexity of choosing your dream home design and matching it to a suitable block, it makes sense to get help from the experts who do it day in, day out. Buying a House & Land Package with TPG Property Group gives you that opportunity, and it opens up additional benefits, as we can help you through the entire process from start to finish such as speaking with land developers on your behalf to find you the perfect land to helping you find the prefect design all the way until we hand you your house keys.

For more information on TPG Property House and Land Packages, call us on 1300 760 844