Whether you’re single, have a partner, married with a small family, you’re needing to upsize to accommodate your growing teens, or you simply want to build an investment property, purchasing a house and land package is one of the most economical and efficient ways to create an asset for your property portfolio, and build a home you love.
Once you’ve decided on the area you’d like to purchase a home in, it’s important to research not only the available house and land packages, but also the key infrastructure your family will need to utilise. Things like proximity to schools, shops, medical centres, and public transport should all factor into your decision to focus on a particular area to buy in. If you have a young family, or are planning to have children in the future, make a note of the amount of green space, parks, and public gardens in the area so you can all enjoy the outdoors without having to travel too far from home. When looking at areas to purchase a house and land package in, have at least two or three suburbs you like in the event that there aren’t any packages available in certain areas – it’s always good to have a back-up location you love just as much!
Land Size and Shape
When you’re working with your builder to find a suitable house and land package, don’t forget to carefully consider the size and shape of the land, as this will determine the cost and build time. A larger piece of land will allow for a bigger home, which will raise the cost and possibly increase the build time. However, you also need to think about the land shape as well. A corner block may affect the orientation of the home as well as the size of the dwelling the council will allow. If the land is located in a hilly area, you may incur additional costs to excavate land and build retaining walls, or you may have to choose a split level home to suit the slope of the land. Do your research to fully understand the geography of the area you’d like to purchase a package in to ensure there are no surprises when you’re ready to sign your contract.
House and land packages come with a recommended home design that the builder has selected because it suits the shape and size of the land. They will be able to show you the floor plan of the home and work with you to modify the plans to suit your lifestyle and outline any added costs this may add to the contract price. To get an idea of what the home will look like, visit display homes built by the builder to see the quality and craftsmanship in person, gaining an understanding of what the standard inclusions are. It’s also a good opportunity to check with the builder about what isn’t included in the package, such as driveways or landscaping.
Administration and Paperwork
One of the biggest benefits of buying a house and land package is that you’re working with one builder and with less paperwork to sign in order to purchase both the land and have the home built. When you’re searching for land on your own, you’ll have to do all the legwork yourself, from finding the land, getting it surveyed to see if it’s suitable to build on, contacting the council to get permits, then sourcing an architect to design the home, and find a reputable builder to actually build the home for you. This will make the process lengthy and time consuming for you, and can lead to a lot of unnecessary stress. Working with a builder to find a fixed price house and land package that’s already titled and ready to build on alleviates that stress, any additional costs, and gives you a support system from the start of your journey to the day you receive the keys to your finished home.
When you’re ready to purchase a home, considering a house and land package will make the process a lot easier and more economical for you and your family. Relieving the burden from you and finding a package in the location you love, as well as working closely with your builder to bring your dream home to life will make the search for the perfect house and land package an invaluable experience! To find a builder local to you, or to browse our available house and land packages, head to the Hotondo Homes website today.