Buying a section
Buying a section – here is what you should know
It can be a hard job looking for the right section. Which one to pick? What do I need to look for?
Why is the section across the road cheaper?
We are going to let you know a few things to look out for.
1. As always knowing your budget is the first step… no point in looking if you can’t buy
2. TC1 land is always preferable but not necessary, you will just have to pay more for foundation costs if the location is more important. Here are the Technical categories explained.
Technical Category 1 (TC1, grey) means that future land damage from liquefaction is unlikely.
Technical Category 2 (TC2, yellow) means that minor to moderate land damage from liquefaction is possible in future significant earthquakes.
TIP: some developments have site specific Geotech reports available to view before buying so it is best to get that to your builder early so they can give you an idea of cost if you are unsure.
Technical Category 3 (TC3, blue) means that moderate to significant land damage from liquefaction is possible in future significant earthquakes.
3. The best sections to buy are always on the west side of a north – south running road because you can have sun to your living room all day and have private outdoor living. These sections are usually the first to be sold and are generally the most expensive with other sections the same size. Sections on the south side of an east -west running road are also a good option as the sun will set in the afternoon into a private outdoor area.
4. You also want to make sure there are no trees, lights, power poles or power boxes or anything else that will impede on your future design. For example, there could be a light where you wish to put your driveway… these are costly to move. Other things to look out for is what kind of sewer and storm water systems are used. If you need a sewer pump or a soak pit, these increase the build price.
5. A good lawyer is a must for buying sections as they should look into if the section has anything else the LIM (land information memorandum) might show things such as easements or if the section has a cross lease or any other special conditions.
Lastly, you want to ask if your section comes with boundary fences or if you have to organise to put them up yourself. The extra money can make a difference towards your build or landscaping budget.
So things you have to look for are: price, technical category, section in relation to the sun during the day, things that will effect the design, having a good lawyer and who is paying for the boundary fences. With these in mind you can have more confidence in buying a section!
If you would like any other info, just get in touch with us here at Fortified Homes as we are here to help you with a stress free build!
