There are various types of property purchases that you come across in the market and online websites. Those, who have a plan to purchase a new home, should consider house and land packages. Depending on whether you buy a single land or an entire package for a single or dual occupancy, the cost of the project is going to go up. You also need to check your priority whether you want to buy the land for renting, or for selling later.
About House and Land Packages
Usually, the property developer called the house and land packages as a package deal. Now, the developer will focus on laying down the infrastructures such as water, roads, and utilities.
Several new developers are currently focusing to offer various house and land packages deals. Most of the home buyers find these packages to be the fastest and easiest way to buy a new house for their families. You can always calculate the price of individual units or else, you can check the overall costing of the completed building to come to any particular decision.
Various Types of House and Land Packages to Choose From
In the below-mentioned section, you will get to know about the diverse types of house and land packages to select from.
Off The Plan Package
There are many vacant lands where there is a need to build a new house. In this case, it is very important to select home design and builders. This package is usually sold before the construction of the home.
If the land is brought first, there will be the involvement of two diverse contracts before building a new house. Among these, the first one is particularly for the land mortgage whereas the second one involves the construction loan for home building.
Different issues are involved after building the property. Finished property may sometimes not be able to meet the expectations of the buyers. So, it is very important to think of the plan and look for a professional builder.
In this case, the property developer focuses to buy any particular property, and then before selling that, they build a completely renovated home. Turnkey packages possess flooring, gates, kitchen, landscape, home décor, driveways, and a lot more.
With the help of the turnkey package, two contracts are associated together. In this particular package, you will get access to ready to move property and for this, you do not have to worry about property or house building.
Important Advantages of House and Land Package
There are several important advantages of selecting a house and land package specifically for the homeowners. This is mainly available with certain government incentives. So, by opting for that, you will be able to save a lot of time and money.
#1. Simple and Easy Process: The overall process of purchasing a house and land package is simple and easy. This is mainly because the plan of a completely new house is designed already. So, the developer will provide you with a package that suits your unique needs. Investing in land and house packages is never an easy task, and you have to survey the land, get the measurements, talk with the promoter, sellers, lawyers and builders and then advance your project accordingly.
#2. Fixed-Price: This is considered to be its most important benefit. As the price is fixed, and so, you do not have to spend any extra cost. The price for all the costs will be stated clearly. Only, you will have to pay stamp duty for the land value.
So, this option is considered to be more affordable rather than purchasing an existing or old house.