Choosing house and land packages in Northland is a popular way to buy a new home, especially among first-time homeowners. These excellent package deals that include the land and the building of a new house are certainly a convenient option.
If you are considering this route to home ownership, here are some top tips to smoothly guide you through the process.
-
Shop Around For Financing For Your House And Land Packages In Northland
There are multiple ways to obtain home financing, either through your bank, another bank or other lending institutions. Most have a borrowing calculator on their website to help calculate your borrowing power and repayments. But you can also shop around to see who will give you the best deal or engage a mortgage broker to do the work for you. There is plenty of money to be saved on a long-term loan if you can secure a more favourable interest rate.
-
Clear Communication With The Construction Team
It is vital to establish clear lines of communication with the construction company that will be developing the house and land packages in Northland and the rest of North Island. This will facilitate sharing of clear information on important things like the project’s expected timeline and the scheduled completion date.
Having a contract with the developer or construction company is a must. As a standard, this contract will incorporate information such as:
- Commencement and completion dates
- Payment dates
- Guarantees and warranties
If you are uncertain about the terms and conditions outlined in the contract, contact your lawyer to look it over. They can explain any unclear clauses and suggest amendments as required.
These open lines of communication are also important when finalising finishes, installations and appliances. Check what is included in the contract and make amendments before signing. This can avoid unnecessary changes and additional expenses at a later stage.
Guarantees and warranties must be discussed and agreed upon; for example, it is usually for new buildings to have a 10-year Master Build guarantee that will be transferred to you.
-
Review The Sale And Purchase Agreement
While at your lawyers, you can ask them to review the sale and purchase agreement before your go ahead and sign it. Protecting yourself from things like price increase clauses and other unfavourable terms would be best.
-
Investigate The Construction Team For House And Land Packages In Northland
Ask for references and check online reviews of the construction team responsible for your house and land packages in Northland. An established building company with impeccable credentials will go a long way to ensuring that the process runs smoothly.
Contact Cambridge Homes today to learn about the fantastic house and land packages available in Northland and across North Island.
