Are you prepared for building your new home?

When it comes to building a new home, the key to a smooth experience lies in preparation.

Before embarking on your exciting project, you’ll need to consider a few aspects to ensure you’re fully prepared for the journey ahead. From the legal side of things through to the financial aspects, here are some points for you to consider before commencing the construction.

1. Solicitors

First and foremost, have you organised a solicitor? Before commencing a home build, a solicitor will review the land and building contract and help to identify barriers that could bring your project to a halt throughout the construction process. For example, they’ll identify land borders, determine the cost of utility installation, and examine covenants. Revealing covenants is especially important, as they’ll determine the size of your building, as well as other restrictions.

 

Solicitor shaking hands with buyer with contract on desk underneath

2. Stamp Duty

Next, you’ll need to have your stamp duty ready to go. In the Australian Capital Territory and New South Wales, the Stamp Duty Act calculates your costs on the basis of the property’s value. How much you pay per $100 will increase in line with your property’s worth. All stamp duty payments must be made in line with the relevant state or territory’s Duties Act, so make sure you calculate your stamp duty and know where to pay, to avoid any potential delays.

3. Bonds

Before you start building, you’ll also need to pay a land developer Compliance Bond. The Compliance Bond is a fee you’ll pay to us, as the developer, to ensure your home and any surrounding landscaping such as fences, letterboxes and driveway, meets the design and quality criteria set out for your home’s suburb. Once the home is completed and the property has been inspected, the fee will be refunded to you in full.

 

Construction manager wearing a hard hat and reviewing house building plans

4. Finances

As you pursue your project, you’ll likely need to secure finance. From the mortgage broker fees to bank loan setup, most financial activities come with upfront costs. To prevent any delays to the construction, it’s wise to do some research, ask your bank or mortgage broker questions and create a budget accordingly.

We’ll guide you through the process

Although there’s a lot of admin associated with building a new home, it’s still a very exciting time. From laying the first brick through to seeing your project complete, this is a large and incredibly rewarding project.

Building a home can seem daunting however our friendly team will guide you through each stage of the process. Our team is committed to meeting customer’s needs through a personalised and professional service. To ensure your peace of mind, we employ a clear customer charter which encompasses our 6 Peace of Mind Inclusions.

 

Infographic explaining the 6 peace of mind inclusions in Achieve Homes' building process including independent inspectors, a 30-year structural guarantee, home owners warranty, after-sale service, penalty payments for delays and satisfaction guarantee

We strive to remove stress from the building process and make the experience as easy and transparent as possible. To learn more about our services, call us on 1300 234 432.

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Our Awards

  • HIA ACT & SOUTHERN NSW REGION AFFORDABLE HOME

  • JUDGES RECOMMENDATION FOR WORK HEALTH & SAFETY

  • HIA ACT & SOUTHERN NSW TOWNHOUSE/VILLA DEVELOPMENT OF THE YEAR – LAWSON

  • HIA (ACT) AFFORDABLE HOUSING

  • HIA (ACT) PROFESSIONAL MEDIUM BUILDER/RENOVATOR

  • MBA (ACT) PROJECT HOMES – LESS THAN $300,000

Achieve Homes is a home building company that has become one of the most trusted builders in the industry operating in Canberra, surrounding NSW region and Melbourne. We have been operating since 2008 and understand what our customers want.

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Contact

Address
15/9 Beaconsfield Street
Fyshwick, ACT 2609

9/20 Graduate Road
Bundoora, VIC 3083

Phone
1300 234 432

ABN 31 137 872 014
ACT BL No 2009645
NSW BL No 224797C
VIC ABN 41 608 214 375
VIC BL No CDB-U 61982

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