If you have been thinking about building a home in one of East Coast Queensland’s booming suburbs, then you are also going to want to seriously consider choosing a house and land package as part of the process. There are many ways in which a house and land package can not only save you money, but also offer a variety of practical benefits.
The Financial Benefits of a House and Land Package
The biggest benefit of purchasing a house and land package is the amount of money you can save. As these packages are very inclusive, you can usually save money when you compare the costs to separately finding your own land and builder. Generally, some of these costs include assessment expenses, utility installation fees, zoning fees and other such expenses. Usually, these costs are included in a fixed-price contract, but you are going to want to make sure you aren’t agreeing to any hidden fees or nasty surprises down the road. Like anything, do your due diligence and you have the opportunity to save a considerable amount of money.
The Practical Benefits of a House and Land Package
Of the many practical benefits available to you when purchasing a house and land package, one of the most beneficial is the lessening of maintenance costs. New builds in new estates will generally utilise that most -up-to-date designs and technology, which results in fewer repairs over time. The other benefit that people tend to appreciate the most, the convenient and stress-free building experience. Rather than having to go through the hassle of finding your own land and building a new home, you get to enjoy a streamlined process. Plus, with this process, you get the convenience of having your loans for the land and construction bundled into one easy package.
Finally, one of the often-forgotten benefits to house and land packages, after your build is complete you may end up with instant equity in your new property! When you purchase a package you ‘lock-in’ your construction rates, and by the time the construction of your home is completed there is a good chance that the home values may have risen. Though this is not always true it does happen from time-to-time, and when it does it can give you added peace-of-mind knowing unexpected or unavoidable future expenses are covered should it be needed.