Owning a house is one of the biggest achievements you can have. Whether you are buying a lot to have a house built or opting for a packaged land and house unit, you will always have to cash out a large amount of money or get a loan from a bank.
If it is your first time buying a property or simply moving to a new location, going for house and land packages is the better solution. Not only do you have both the land and the structure rolled under one contract, but you get all the savings in the long run.
Having a new home constructed is never an easy feat. It would be best if you had large amounts of money to complete the project, which includes the costs of labor, permit and materials. More often, land and property deals have inclusions that give your purchase more value.
Save Money in the Long Run
There are more benefits when buying a house and land packages compared to organizing land purchase and property construction. In the long run, you save thousands of dollars because you would only pay for the initial stamp duty on the value of the land.
Most often, houses are not yet on the way for delivery, and you can opt to have them financed. Some financial organizations and lenders can help waive fees either during payment of the stamp duties or project construction.
One clear benefit of opting for house and land packages are the upfront prices provided before the contract deal. It is always essential for a prospective homeowner to have a clear picture of their finances, especially if they are pre-approved for the contract but are on a tight budget.
Access to a Simplified and Easy Processing
One of the big considerations you need to understand when having a property constructed is the amount of time to complete the project. In a typical setting, you need to get an architect to create the design, have it approved, and get a building permit from the local engineering council.
Opting for house and lot packages removes all the nuisances of paperwork, the long design process, and all the other building code requirements demanded by your local government. The simplified process of owning a property saves you a lot of time.
Property builders also make contract processing easier by giving you time to settle the land. They can then conduct a ground survey for cost determination and contract finalization. Builders also have the additional option of fixing the site costs for building construction while the contract is being readied.
Get a Cheaper Home than a Custom Designed and Built Property
More and more Australians are now opting for house and lot packages because they are cheaper compared to having the whole project done at your own expense. Housebuilders are also not limited to one home style and design. So, you can always pick the right size and style according to family demands.
You can never go wrong with pre-approved lots and ready-made houses because you have everything rolled under one contract. This type of property is ready for occupancy after you sign your contract. After choosing the land area and house design, you can immediately start building your home.