What is Titled Land
Ready to take the first step towards building your dream home? You might need to familiarise yourself with terms like titled land, which refers to a parcel of land that has been legally registered and approved by the relevant government authority. In other words, a land title means it’s ready for immediate purchase and construction. Here’s what you need to know about how land estates are titled, the differences between titled and untitled land, as well as the benefits of buying titled land on the property market.
How is Land Titled?
Land is titled through a formal process where the block of land is surveyed and registered with a land titles office (i.e. a land registry) or relevant government body. The land is officially measured, marked and documented, with clear boundaries established. The title acts as legal proof of ownership and includes information like the owner's name, property dimensions and any encumbrances or restrictions.
The Difference Between Titled and Untitled Land
The main difference between titled vs untitled land is that one is ready for construction and the other one isn’t. Titled land has completed the registration process and is ready for development, while untitled land is still undergoing the titling process. This can mean waiting for infrastructure, legal approvals and surveys to be completed before construction can begin on untitled land, potentially delaying your home-building timeline or progress on new land releases in new estates.
Benefits of Purchasing Titled Land
1. Faster Construction
A top benefit of buying titled land is that you can start construction almost immediately after purchase. Unlike untitled land, there’s no waiting period for the land to be legally registered or approved, which means you can get started on your building permit and getting your initial deposit ready to commence building.
2. Clear and Secure Ownership
The title serves as an official document that confirms you are the rightful owner of the property, with all boundaries clearly indicated. It’s a good way to reduce the risk of future disputes or legal complications, so you can spend more time designing and building your new home without worry.
3. Faster Financing and Settlements
When you buy titled land, financing and settlement processes are usually quicker and more straightforward. Banks and lenders will be more willing to approve loans for titled land rather than unregistered land because it poses less risk.
4. Design and Build Your Dream Home from Scratch
Titled land gives you the flexibility to build a home that meets your exact needs. It’s a blank canvas to design your perfect living space – unlike purchasing an established property, which might need renovations or major restructuring.
5. Can Be More Cost-Effective Than Buying an Established Home
Building new on a block of land means you can invest in modern features and energy-efficient designs. Plus, a new build will come with builder warranties and guarantees to give you an added layer of financial security.
The Cost of Buying Titled Land
In sought-after areas, you can expect the land value to be higher, but titled land in emerging suburbs or regional areas can be a more affordable alternative. It's important to budget for not just the titled block itself but also extra costs like stamp duty, conveyancing fees, land registration charges and of course the cost to build the actual house.
How to Know if Land for Sale is Titled?
Check with the real estate agent or developer (i.e. house and land packages) selling the property. They will be able to provide documentation or proof of the land's title status. You can also contact your local land title office or relevant government authority to confirm the land's status. In South Australia, for example, Land Services SA manages the SALIS Register Search platform.
What to Do If Your Land is Not Titled
If you find yourself interested in a buying untitled land, be aware that you could face delays before construction commences. The titling process can take several months, depending on the complexity of the subdivision and necessary infrastructure (e.g. utilities). During this time, stay in touch with the developer and make sure all necessary approvals are progressing.
How Long Does the Titling Process Take?
Depending on the subdivision itself, local council requirements, infrastructure development and more, it can take anywhere from a few months up to a year or more. It’s advisable that you stay in contact with the developer or council/government to get a realistic timeline for when the land will be titled.
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These exclusive offers are available until 31st December 2024, so now is the perfect time to take advantage of it. As a trusted builder in Adelaide and surrounds, specialising in titled land projects, Weeks Homes specialises in titled land projects. With a wide range of innovative designs and house plans suited for titled land, our experienced team will guide you through the process from start to finish.
Ready to take the next step? Contact Weeks Homes today to learn more about our titled land offerings. You can also view our incredible range of new home designs and house plans for inspiration.