Since 2014, the market for house and land packages has been growing and gaining in popularity with the new home aspirants. There was also a fall in house values by 1.84 percent indicating a slowdown in the market all across Australia. Purchasing a home is undoubtedly one of the most daunting financial decisions for most families, particularly for those people who have no prior experience pertaining to this. Fortunately, there are quite a few great choices available to buyers, the most favoured of which is a house & land package.
Different types of packages to select from
The house and land packages South West Sydney firms offer include both a new house and a plot of land on which the house is to be built. The details go beyond this small description as it is often found that a single builder can offer various types of packages to suit the needs of differing people. These packages can normally be broken down into two broad classifications:
First, where you can get a home established on a chosen plot of land.
Second, it is up to you to select a plot of land in a favourable locality, and the building will be constructed according to your chosen house design and specifications.
As a buyer, you can select the house plan and plots in any preferable area. And if you buy a ready house, you can also customize it to cater to your needs and demands.
Advantages offered by the package
· Simplified process: The house & land package invariably simplifies the process of purchasing the land yourself and then looking for architects to plan a suitable design. These packages are intended to suit your needs with its top-notch amenities such as sunrise view, driveway lot, etc.
· Convenience and ease: Most home buyers choose to enter into the land and building contract with the land developer and builder respectively. The house and land packages Sydney firms provide can make the procedure convenient for you in two ways; first, the builder can wait for you to select a plot of land and then conduct soil tests and other required surveys. Alternatively, the price of the site can be fixed first to begin the building contract once the land contract is ready.
· Cost efficiency and savings: Reputed lenders and financial institutions shall be able to waive off a share of the associated fees when you select this kind of package. You are just liable to pay the stamp duty on the value of the land as the house is yet to be constructed, and you are also in a position to claim different depreciable assets, including construction cost itself.
Considering the package as a viable option
Though the options may vary from place to place, you can avail an extensive choice of favourable locations. This is particularly true for the house & land package where the house will be built later. When you opt for buying the vacant land without any house built, you can emphasize on the livability of every neighbourhood before you finally chose one.
Choosing the house & land package is a much more convenient route than buying the land first and building the house over it as this package spares you from running behind builders, contractors and all other professionals required for a successful construction of a house.