While searching for a brand new place to move to, there are various options that you may come across over the internet. If you’re somebody who wants to buy a new house or land, then house and land packages are the best options for you right now.
What are House and Land Packages?
House and Land deals are a beneficial approach to purchase land and houses. This whole deal is also known as the package deal. Once the government releases a land, the property designer gains this land. It is up to the property designer’s decision to set down foundations or build streets, homes, utilities, and so forth on the ground. They can additionally sell this as entirely constructed houses or just the land itself. Many residents in Australia prefer this way of buying property as it saves one from the daunting process of finding a new home and managing everything from scratch.
Types of House and Land Contracts
There are two major types of House and Land Deals that are available for customers. One of them is the Land and Build package, and the other is the Turn the Key package. Let’s discuss the contrast between both of these deals below.
Land and Build Package
This sort of bundle is sold before the house is developed on the land. By buying this bundle, one will choose the developers and the home plan too. If the ground is purchased before building a house, it tends to be less expensive than the wholly built house. For this situation, there are two agreements. The main deal is for a land contract, and the other one is for the construction debt.
Risk Factor of the Land and Build contract
Though this option is cheaper than buying the Turnkey package, it has some risk factors involved. Sometimes, the finished building does not match the customer’s expectations. There will be some issues that will continue even after some time of construction. In a way, the house won’t be adequately tested than the already built homes, so there will be complications. Therefore, it is suggested that before you opt for this package, you consult a professional builder.
By availing of this package, you can get a fully renovated house with gates, flooring, and décor. The advantage of this package is that it saves you from the unnecessary hassle that comes after construction. Moreover, you will not have to make the effort of finding the best builders to do the job. This package provides you with a fully renovated and ready to move property.
Costs Involved in House and Land Deals
As mentioned earlier, when you avail of the first package, there are two contracts, and a deposit of 10% will be required from you. On the other hand, you only have to give a 5% deposit when you avail of the second package.
Benefits of House and Land Deals
Let’s discuss the benefits that these deals provide you.
No need for Maintenance
These packages have a warranty, and they cover all of your maintenance costs. A new house can cost you a lot in maintenance charges, but you don’t have to worry about any expenses with these packages’ warranty.
Wide Range of Designs
With these packages, you are free to choose the designs for your house that best match your preferences. The developers will cooperate with you to provide you with many options to choose from, and based on different factors; the possibilities will be shortlisted. The developers will work hard to produce results that you will be satisfied with. You can communicate with the designers to select the house that matches your style preferences and family needs.
The entire process of buying house and land packages is exceptionally straightforward and concise. All you need to do is contact a developer to make you aware of each deal’s different perks. You will select a package that will best match your needs.
The pricing criteria of these packages are elementary and straightforward, as well. The fixed prices make it easier for you to worry about one less thing while picking the designs you love. Unless and until you make any specific changes or additions to the house, no additional charges will be made.
How to Choose the Right Dealer
The main perk of these packages and deals is that they save you your time, effort, and money. All the factors mentioned above, including the fixed price, a wide variety of designs, simple process, and no maintenance, make this purchase worth it. Look for a transparent dealer about the whole process with you and is willing to cooperate with you regarding the choice of designs and any additions. Many houses and land package dealers offer outstanding services for Australian citizens online, search for the one that meets your needs, and you’re ready to go.