The expected land registration date

It is important to ensure the expected registration date is realistic. These dates can sometimes vary from the original time frame estimate. This can have repercussions in terms of your building contract price, moving in dates and holding costs. An indication of the developers proposed time-frame can be made by checking and discussing the ‘sunset’ date in the land contract.

Your new home tender expiry date

It is important that your builder provides you with a new home tender with a realistic expiry date relevant to the expected registration date of the land. For instance, if your land will not register until March next year, but your new home tender expires in September this year; you may be up for considerable price increases.

Site costs and soil conditions

As site costs and soil conditions cannot be fully determined until after your land is registered and soil tests and survey completed, it is important your builder provides realistic allowances based on previous experiences in the area. These items could include:

• Cut, fill and piering
• Retaining walls
• Service connections
• Correct soil classification
• Dropped edge beams
• Bushfire requirements
• Acoustic requirements
• Developer requirements.

Buying in the right area

Research the area you want to live or invest in for the short and long term advantages. Choose a location that shows strong growth, capital and rental return indicators that align with your personal financial needs and goals.

At Bellriver we are committed to staying true to our values in respect to selling homes on unregistered land as in all other aspects of our business. To this end we use our vast experience and knowledge to complete as much due diligence as possible – including on surrounding subdivisions, knowledge of various soil conditions in the building area, and an understanding of local council requirements. The Bellriver difference also includes:

New home tenders

At Bellriver we ensure that the expiry date on your new home tender is in line with a realistic registration date for your land. We price our tenders to include expiry dates of up to 365 days where required to ensure there are no hidden surprises for our clients, wherever possible. Please note: although we do our best to forecast registration dates based on the information we have from the developers, we cannot ultimately control this. The development work and final registration date is determined by the developer and council.

Site cost allowances

At Bellriver, we meet with our developers and partners to ensure we have a complete understanding of the way the planned subdivision is to be completed. From these discussions, and based on the information we receive, we aim to include all expected costs up front in our tender offer. Once the land is registered and we can access the site, we will complete all required reports and ascertain the final site conditions. If there are any differences between our initial allowances, we will go over them with you and come to an agreement prior to proceeding.

Provisional sum items

At Bellriver we have no ‘Provisional Sums’ or ‘Prime Cost’ items in our contracts. Almost every builder provides allowances under these headings instead of a fixed price for items such as kitchens, tiles, carpet, vanities etc. In a Bellriver home there are no provisional sum allowances for any items listed in our inclusions. Everything you need is included in our standard offer.

Penalty clauses

At Bellriver we have no penalty clauses in any of our building contracts. These are clauses builder often use to increase the price after the building contract has been signed.

Provisions for local council requirements

At Bellriver we conduct extensive due diligence to ensure that all council and government costs are included up front.