Investor’s Interest – Should I Purchase a House and Land Package? 

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If you are a brand new wannabe home owner, you may have come across house and land packages in your quest to own the perfect home. For those who haven’t, house and land packages are simply a deal you purchase that include both a home site and a brand new home. This is something that appeals to many people, as they do not have to deal with the hassles of dealing with two entities – a home builder and a land developer. Instead, with a house and land package, both of these steps are taken care for you, ensuring no conflict in interest between either entity. If you are considering purchasing a house and land package, this is the article for you. Today, we look all the things you should consider when purchasing a house and land package, so read on to find out more!

Does The Location Suit Your Needs?

When it comes to owning a home, location is one, if not the most important factor to consider. According to companies providing house and land packages in western Sydney, location is one of the key focuses when clients decide to purchase a package. How close is the area of land to public transport, schools, your workplace and amenities such as the supermarket, restaurants, cinemas and so on? These are things one should consider before purchasing a package, as you don’t want to end up with a home that is amazing but miles away from civilisation. Another thing to consider is if the prices of homes in the area are set to increase in the future – something that future you will thank current you for in 20 years, should you choose to sell your property.

Choose The Right Developer

It is important that you choose the right developer who suits your individual needs when choosing a house and land package. A good developer is one who will be transparent with you, provide you answers to all your questions, and most importantly, sell you quality land. Your developer should be able to give you estimates of what the land will be worth in the future, along with ensuring you that there will be no environmental issues with the land later down the track. It can be helpful to head online and check out the reviews of your developer before jumping the gun, as well as visiting sites that have been completed recently to get a rough idea of the quality of service you are being offered.

Familiarise Yourself With The Timeline

A very important factor when choosing the right house and land package for you is the estimated timeline of completion. You will need to get a rough estimate from your developer on when you can expect construction to be complete, and when you can finally move in to enjoy your new home. Everyone has different needs when it comes to time frames, so finding a package that suits your individual needs is key. It is also advised that you get this timeline in writing, along with ensuring that you have permission to check up on the process of the building every so often.

Carefully Plan Your Budget

First home owners can often get carried away with their budgets. A little bit of this, a little bit of that and all of a sudden you’ve exceeded your budget trifold. This is why it is so important that you budget wisely when it comes to your house and land package. You want to ensure you can comfortably afford both the land and the home you build on it, so be sure to consult your builders when it comes to any potential extra costs. Reputable builders will be able to provide you with a breakdown of your costs, as well as additional information on how much certain changes or various fixtures/finishes may add up to.

Ensure Your Vision Can Be Materialised

If you’re going to invest the time and money into building your home from scratch, it better be the home of your dreams at the end of the day. Prior to purchasing any house and land packages, discuss your vision with builders. Can certain builders turn your dreams into a reality? Are they able to offer you the floor plans, design choices and furnishings that you are looking for? Only settle for a package once you know that the builders are capable of bringing your vision to life – otherwise, keep looking until you find one that caters to your individual needs!

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We hope that this article has assisted you in figuring out if a house and land package is something you should consider in the near future.

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