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Building a new home at Warralily means that you will require a construction loan. Construction loans are very similar to normal home loans, with a few quirks. Before deciding to build your new home at Warralily, it’s important to understand how constructions work, and ensure you are selecting the right loan for your needs.
So, you have made the decision to build in Warralily, you have chosen your village (Coast, Prom, Central), you have picked a lot that suits your preferred house, your budget, timeframe and lifestyle. Congratulations!
Now once your lot settles, you get to watch your dream become a reality as your home comes out of the ground.
So you’ve found your block of land. Well done! You’ve paid a holding deposit and you are ready to sign up to the next exciting stage of your life. But wait a minute, haven’t you forgotten something?
Orientation rarely makes it on to a home buyers checklist but it can play a critical role in how big your energy bills are and how much you’ll enjoy living at home. The wonderful thing about building a new home at Warralily you have the ability to incorporate good orientation into your home before you build it and take advantage of what nature gives us.
With lending criteria a hot topic at the moment, it is important to know the “in’s and out’s” to help you secure a block of land to build your dream home on. Obtaining finance is one of the most crucial steps in purchasing your land, albeit maybe not the most exciting, but none-the-less vital.