What is a House & Land package?
A house and land package combines the purchase of a block of land and a perfectly matched home design into one process (but with two separate contracts). It's essentially a one-stop shop resulting in a full turnkey home that is completely finished and ready for occupancy - all for a fixed price.
What are the benefits of buying a House & Land package?
House and land packages provide an efficient, cost-effective solution to obtaining a property and make the home buying journey much simpler. Bundling the house and land into one process can alleviate a lot of time as you combine your search into one and deal with less people, which is especially beneficial for those who are time-poor.
Packages are often full turnkey, including everything from floor coverings to landscaping and fencing, so you can be assured that there won't be any extra costs once the property is handed over to you. Being fixed price packages, you can enter into the process knowing exactly what you are going to get, and for the exact price. You may also benefit from stamp duty savings as you are only often required to pay the duty on the land, however, we recommend that you check this with your lender.
Choosing a house and land package has many advantages when comparing to the purchase of an established property. Not only will you get a low maintenance, energy-efficient and sustainable home that is brand new and under warranty, but you may also benefit from energy savings due to the latest building practices and potential inclusions such as solar panels. Additionally, house and land packages are typically situated in master-planned communities where you can find parks, playgrounds, walking trails and other amenities right on your doorstep. This also makes them a great investment opportunity too.
What should you consider when looking at a House & Land package?
When looking at house and land packages, we recommend the following considerations:
- Budget
- Size and layout of land
- Size and layout of home
- Inclusions
- Location and nearby amenities
- Potential for resale / rental return
- Legal fees & stamp duty
It is also wise to research the builder and their reputation, as well as the local council requirements for the area. Taking all of these factors into consideration will help you make an informed decision and ensure that you get the best house and land package for your needs.
DC Living has a range of House and Land packages across Brisbane and its greater suburbs. Check out our latest opportunities here and if you can't find what you're looking for, our New Home Consultants are here to help. We have relationships with developers across South East Queensland and can assist you in your search. Contact us here.
