To make your dream home a reality, you need to have found your site or the home you’re going to renovate.
Some of you will already have found your site / lot / plot, in which case you can move onto the other topics about getting to know your site.
For those of you who need to find a site, let's look into how to go about it.
It's wise to start the search for your site as early as possible in your project.
Here are 5 (well 4½) things to have in place before starting to search for your site.
If you haven't yet decided on your goals for your project do that now. Part of creating your goals inevitably encompasses thinking about what you want in your new home so keep those goals close to heart when you're finding your site.
It's really important to have found your site before your design phase starts, that way your design (or the house plan you buy) can take into account the orientation, local climate conditions, slopes and any other site features or constraints.
You’ll get the best outcome when your home is designed for the site it’s going to be built on.
First of all, it helps to have decided on the location where you’d like to live. While it helps to be flexible about the location of your site (and there’s nothing stopping you searching far and wide), it’s more efficient to concentrate your search down to the town or suburb that you’re interested in.
You might be looking in an area with lots of options or you may be looking in an area where there’s a shortage of land or suitable houses to renovate. If you’re in this second group finding your site is likely to be a challenging and time-consuming process and the search could take you quite some time.
Before you start finding a site, be sure to learn about how to analyse a site. That way you can make an informed judgement about the sites that are available to you.
In particular make sure you know about site orientation and site zoning.
Learn how to value a site so that you can have a think about the maximum that you’re able to spend on your site. For this you’ll need to have spent some time thinking about your budget for your whole project and what portion of that you plan to spend on your site or property to renovate.
Have a plan for how you’ll finance your site so that you can move quickly to secure your site if necessary.
This is a half because it's a nice to have rather than an essential.
If you’re planning to work with a design professional, it can help to get them on board as you begin your search so that you can benefit from their expertise as you make a decision on which site you’ll buy.
While design professionals won't usually find a site for you as part of their services, getting them on board early to get involved in searching for a site helps build their relationship with you and your project.
At it’s very simplest, there are two types of site:
1. A site that has been built on before
2. A site that has never been built on before
In both cases, CHECK THE ZONING. It’s vital that the site is zoned for the type of property that you want to build.
If the site doesn’t currently have the zoning that would enable you to build your home, but you think it could, have the vendor apply for a change of zoning. Don’t buy the land without the correct zoning. It could be a very expensive mistake. One thing you could consider is offering to put down a refundable deposit to hold a plot while you apply for a change in zoning rules. Make sure you use a real estate lawyer in order to do this.
If you’ve got your eye on a site that has never been built on before take some time to check the status of services and utilities. Getting those services in can add a significant cost which you need to account for in your budget.
Sites that are on the open market will cost more by nature of the fact that everyone knows about them. If there is competition for a site, it may be sold at a price that would put the cost of the finished home once it’s been built over the market value.
If you can find your site and buy it in a private sale you’re more likely to strike a deal at market value and save yourself some money.
Here’s a helpful list of proactive tactics and approaches to try. They will take time to execute, and they may not bear fruit for a while, but you’re more likely to be rewarded for your efforts if you put the effort in.
Who do you need to be talking to to help you in your search to find your site?
This is where the magic can happen. It’s where you might be able to find a site that only you know about, which increases your chances hugely.
Here are a few things to keep your eyes open for when inspecting your target area for a site...
When we were looking to buy a home to renovate we lived opposite a park which had a park keepers cottage. We could see that no-one was living there and the house was starting to look a bit worse for wear.
I approached the council about buying it. I was turned down flat, but a month later, a builder turned up and did some repairs to put the house in order. So at least we had a nicer house to look at opposite us.
While on this occasion it didn’t turn up a site for us, it might have!
Some degree of compromise may be necessary to find your site. Let me say that another way. I’m not saying that you should compromise on your requirements rather to cooperate with the sites that are presented to you and see how they could fulfill your requirements, even thought it might not be exactly as you had envisaged.
Lastly, be ready to buy. Get your finances in order so that you can act quickly when your find your site.
Being ready to buy isn't all about the finances. It's also about being decisive and knowing when find the site that's right for you and then acting quickly.
It may take missing out on one site opportunity to galvanize you into acting quickly on the next suitable site that you see.
So if you do miss out, remember that it's not an uncommon experience, and that the experience will equip you well to make a timely decision on future opportunities.
Acting quickly is all very well but...
Before you sign on the dotted line to buy your site / property make
sure that you have all the information you need to make that decision.
In particular...
Don’t forget to start your search early and remember that persistence is key. Don’t just leave your details and leave it at that. Contact people regularly. It’s all about building up a relationship so that you’ll be the first person on their mind when a site that’s suitable for you comes up.
Keep records of your search and commit to trying out each of the searching tips at regular intervals.
Keep talking to people, checking the online resources regularly, go back to owners who’s site or property you’d like to purchase. Things can change over time so just because you hit a dead-end last time, this time you might get lucky.
Being flexible about some of the criteria of your site and dedicating enough time and energy to your search is fundamental to snapping up the site or property for your home project.