One way to acquire a home is to have one built. Usually the land is purchased first and a contract is entered into with a builder. Most of the finance will probably be obtained from a lending institution, which will pay over the money in stages during the building of the home. In most cases this ensures that the home is properly built.

Care should be taken about arrangements - sometimes called house and land packages - that offer a home to be built on land chosen by the purchaser, usually on low deposit with low initial payments. Any arrangement that calls for less than the usual deposit and less than the usual repayment figure inevitably means that the money has to be repaid at some future date. These arrangements should be looked into carefully and independent advice as to the liability and amounts of repayment in the future should be sought.