For many people, the dream of building is often overridden by the fear of what can go wrong. Cost blowouts, uncertainty about inclusions or the suitability of land they have seen.
One of the most straightforward ways to build a new home is to purchase a house and land package.
House and land packages are usually offered by developers that have bought large areas of land and subdivided it into smaller lots to create a housing estate. These are often located in new suburbs, which are usually found at the edges of cities, in smaller regional towns, or in areas that were once occupied by rural properties.
A brand new – and often more affordable – house is a major drawcard for home buyers looking at moving into a new housing estate.
If you are looking to buy a new home and are thinking about buying a house and land package, here are some factors to take into consideration.
Customisation
House and land packages are often created with a specific block of land in mind, with the house designed to best take advantage of the orientation of the lot.
Alternatively, buyers may be able to select the exact block of land they want, choose from a range of approved designs, and customise the home to suit their needs.
Flexible Pricing
Prices for house and land packages are usually fixed, meaning buyers won't have any unforeseen costs during construction. These homes are usually more affordable than a custom-designed home because builders are usually constructing many homes in the one area at the same time and can work more efficiently and quickly.
Because house and land packages are often further from city centres, prices can be quite affordable compared to new and existing homes in inner suburbs.
When looking at house and land packages, it's important to note what is included in the advertised price. This price usually reflects the most basic inclusions, and higher-quality fixtures and finishes can cost more. Many display homes feature additional inclusions to show the home at its best, so it's important to discuss with the developer what is and isn't included in the price.
New Neighbourhood
It's a good idea to consider what the area will look and feel like when the housing estate is complete, as there may still be many more houses and facilities planned that are yet to be built.
Choosing when to buy in an area is also a factor to consider.
If you are one of the first in the area, you could choose from multiple blocks of land. But you will not have a clear view of what the neighbourhood will be like when completed and may also have to live through years of construction, noise and untidiness as nearby houses are being built.
Buying late, once most of the houses are built, will allow you to have a full concept of the neighbourhood, plus you won’t have to live through the noise and mess of new construction. However, the choice of homes may be limited.
Limitations
Some new estates only allow selected builders or home development companies to build in the area and restrict building choices of the homeowner. Some housing estates are also built with a theme to create a harmonious architectural style to the area. This does appeal to many people, but it sometimes restricts your choices in cladding, finishes, even paint colour and landscaping style.