When it comes to living, everyone wants a perfect home. If you have been holding a dream of buying a brand new house with latest fashion and designs, you may also go for the house and land packages at Goulburn. This is becoming an increasingly common option for people who want a new place and also comes with excessive benefits when compared to buying older properties. If you want to know more about house and land packages, then read the points that are mentioned below:
What are House and Land Packages?
The house and land package is also termed as the package deal, according to the property developer. The process is that the property developer buys land from the government after the plotting, then the developer will lay down infrastructures for residential areas, electricity line, water, roads and other utilities, and then have a choice for further construction. The house and land packages are of two types that offer different ways. They are as follows:
- Turnkey Package:
In this package, the property developer buys the property and then builds a fully renovated house for selling. We can also say that it is a turn-key to the new home without anything to do. Turnkey packages already have landscape, flooring, gates, driveways, kitchen, home decor, and more. With the turnkey packages, the two contracts are bundled together. This package will save your time in finding the best builder to build your own home. Also, In this package, you can move into the house without worrying too about building a house.
- Off the Plan Package:
In this package, the land is sold before completing the construction of the house. Maybe, In this case, the new property will be sold at a lower price. See, if the land is bought first and then you give the contract to someone else for building the house, then there will be two different contacts involved.
The first one will be for a land mortgage, and the second one is the construction loan for house building. It is buying off-plan property experiences more risk than buying a wholly built property. Also, there are many issues after the house is built, maybe, it will not be done in the way you wanted. Therefore, it is essential to pre-plan everything and also ask some advice of professional builder.
Advantages of Buying House and Land Packages
Living in a brand new house for some years is quite relaxing, everything needs to be serviced after some duration, same in homes you need to pay a cost for maintaining your home, but in house and land packages, maintenance cost is low.
- Environment-Friendly Materials:
In this date and generation, there is more added advantage that you will get more environmentally friendly materials and techniques during construction.
The house and land packages provide unique designs, and it’s totally up to you, which one to choose.
- Financial Steps
In terms of finance for house and land packages is that it’s typically carried out in a couple of steps.