What is a House and Land Package
The term house and land package seems self-explanatory, but understanding what is and isn’t included can be tricky. This blog aims to answer two questions: what is a house and land package, and how does a house and land package work?
House and land packages bundle together a parcel of land and a home design, representing a simple and cost-effective way of purchasing a brand new home. However, some people can be confused by the contractual obligations associated with a house and land package.
Essentially, the customer has two separate contracts; one with the land developer for their block and one with the builder to construct their home. Depending on the agreement, you can generally select your own block of land from the developer and then choose which builder you’d like to work with to create your new home.
What to Know When Getting a House and Land Package
- Partner with a proven builder: If there’s a shortage of land in a booming market, then going through a reputable builder is the best way of securing a house and land package. Eden Brae Homes selects the best blocks and packages them with the most suitable home designs for that particular estate. The good news for buyers is that the package is at a fixed price, so site costs, BASIX requirements, council and developer requirements have already been taken into consideration.
- Consider your budget: Buying a home is the largest outlay of funds we’ll ever make, so surety of one’s budget in making such a big financial decision is critical. To be contacted by a builder for more money mid-construction due to ‘unforeseen circumstances’ could mean that building your home suddenly becomes unaffordable. So, from that aspect alone, a house and land package is a popular choice because it gives potential new homeowners financial peace of mind.
- Find a home design that suits you: Just because you’re buying a house and land package doesn’t mean that all the houses in the development will be ‘cookie-cutter’ images of each other or that a degree of choice won’t be involved. There will still be a range of home designs for you to choose from and often a whole raft of customisable options and add-on extras that you can take up if you wish.
- Review your contract’s details thoroughly: Remember that the more changes and upgrades you opt for, the higher the end cost of your new home will be. Take the time to read the house and land package contract very carefully, so that you feel 100 percent confident of what’s included and what’s not. Although they’re certainly covered in Eden Brae’s house and land packages, landscaping, driveways and fencing are not always covered in a builder’s package price. You’ll need to check to see what’s included in the price and set money aside in your budget for those items if need be.
- Search in a neighbourhood you love: While house and land packages are often found in new estates or developments, it is still important to find a location that feels like home. In addition to the proximity to shopping centres, parks and entertainment venues, consider things like the landscape and natural beauty of the area. Buying a house and land package doesn’t mean you have to compromise on the joy of living somewhere you truly love.
- Plan for the future: Even though it can be a difficult task, futureproofing your living plans can make all the difference when buying a house and land package. Considering your own plans, whether it be starting a family, changing jobs or increasing how often you travel, helps quantify what you need in your home. You might also wish to research infrastructure projects, developments and growth in your area that could impact property prices.
Buy a House and Land Package from Eden Brae
A house and land package is often a much simpler home building process than organising construction on your own land, as the home plan is already intended to suit the block. Add to that the time saving and a clear upfront price and you can easily see why, for many new homeowners, a house and land package is just the ticket.
Eden Brae offers a wide variety of house and land packages on desirable estates located close to popular amenities. Our house and land packages combine the appeal of a brand new home with the reputation of Eden Brae’s award winning builders, property developers and contractors. Learn more about the benefits of house and land packages by contacting Eden Brae today!