The popularity of house and land packages.
A house and land package is a real estate offering where you buy both a piece of land and a new home that is either already built or will be constructed on that land. This type of package is often marketed by builders or developers and offers several advantages:
- Convenience: It simplifies the home-buying process by bundling the purchase of land and the construction of a house into one transaction. This can streamline the process and reduce the number of steps involved.
- Cost Efficiency: Sometimes, buying a house and land package can be more cost-effective than purchasing land and building a home separately. Developers might offer discounts or incentives for these packages.
- Customization: Many packages offer options to customize the design and layout of the home, so you can choose features and finishes that suit your preferences.
- Certainty: When you buy a house and land package, you often have a clear timeline for when the construction will be completed, which helps with planning and budgeting.
- Financing: It can be easier to secure financing for a package deal because lenders might view it as a less risky investment compared to buying land and constructing a home separately.
Overall, house and land packages are a popular option for many homebuyers looking for a straightforward path to owning a new home.
How to source a house and land package?
When sourcing a house and land package, there are many opportunities to cater various purchasers. Not one house and land package is the same, so you need to understand your circumstances, objectives and budget beforehand. Seeking advice from a property adviser (buyers’ agent) will be the best way to buy the right property for you.
If you’d like some assistance sourcing a brand new or off the plan property, please don’t hesitate contact us.
We would welcome the opportunity to help with your property purchase. Our YouTube channel and Market Insights also provide a wealth of information to assist you with many areas relating to property.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
August 2024
