House and land packages offer a cost-effective way of purchasing both a suitable block and a brand new home in one transaction.
Offered by property developers and home builders, these homes pair a range of brand new fixtures and furnishings with a property that is ready to move into, all for an affordable price.
Are house and land packages worth it in your situation? Find out in this article by Eden Brae, one of Australia’s premier home builders.
5 Benefits of a House and Land Package
House and land packages are a viable alternative to purchasing a vacant block, and then designing and building a home to suit it. The benefits of house and land packages are numerous, particularly for first home buyers, investors or families seeking a cost-effective, low-stress method of purchasing a freshly built home. Here are some of the most important advantages to purchasing a house and land package.
- Fixed price contracts: Many house and land packages, including those offered by Eden Brae, offer a fixed price contract, meaning that you can budget more accurately for the cost of purchasing your home.
- Settle in a prime location: Because house and land packages are the work of property developers and home builders, they are often located in desirable new housing developments.
- Cost savings over purchasing house and land separately: One of the biggest draw cards for house and land packages is their affordability, providing you with a feature-packed home at an attractive price.
- Ready to move into solution: With a house and land package, there’s no need to worry about renovations or repairs. This can save the logistical headaches of planning a house move .
- Reduced maintenance expenses: House and land packages include all the benefits usually associated with a newly built home, including the reduced cost of upkeep and repair compared with older houses.
House and Land Packages: Frequently Asked Questions
Are house and land packages cheaper than other home builds?
House and land packages are generally more affordable than other types of home builds, because they bundle the cost of your land and your home in one payment. Many house and land packages also feature fixed price contracts, meaning there are no unexpected costs that arise along the way. Find out more about what a house and land package is by reading our article on the topic.
Do you pay stamp duty on house and land packages?
Stamp duty is payable on a house and land package. However, because the house is not yet constructed, you will only pay stamp duty on the land component, representing a considerable saving over buying an established home and a distinct advantage of the way in which house and land packages work.
Are house and land packages a good investment?
House and land packages are just as viable an investment as an established home. In fact, because you are more certain on the upfront cost of a home, a house and land package can work out to be a more favourable investment than an established home, the renovation of which can be subject to unexpected expense.
Can I make changes to the design of a house and land package?
Due to the fact that a house and land package is not pre-constructed, changes can still be made to the design. However, the level of flexibility in the design will generally be lower than it would be when designing and building your own home.
How long does it take for a house and land package to be built?
House and land packages are subject to a similar construction timeline to a house you have designed yourself. However, the approval and home building processes can be more efficient, especially if you do not drastically change the existing plans for your home.
Are House and Land Packages Worth It?
If the benefits of house and land packages sound appealing, one may be worth considering for your next property purchase. Offering a number of customisation options and all the advantages that come with owning a brand new home, house and land packages are gaining popularity with a wide range of property buyers. Whether you’re looking to expand your housing portfolio, purchase your first property or upgrade to a larger family home, a house and land package is sure to provide cost-effective and hassle-free living for years to come.
Eden Brae offers a continuous rotation of different house and land packages for sale, to suit the varying needs of our customers. Browse our range of available packages and contact us to find out more information, including how the benefits of house and land packages could apply to you.