One of the most popular ways to own a property these days in Australia is signing up for a house and land package, as it takes away the many hassles that come with doing it piece by piece on your own. For example, by considering Calderwood house and land packages, you can avoid paying for an architect and a builder; save more money on stamp duty; and simplify the approval process. However, the process may still prove daunting for you when you do not know what to look for. To help you get started, keep in mind the following things during the selection process:
- Type of Estate
More often than not, these package deals are customised to meet the needs of particular groups of buyers. Some come as golfing estates, while others are eco-villages. Unless you already know what type of estate you are choosing, it is best to check it and see what it has to offer to you. So, if you are interested in Calderwood house and land packages, for example, you can look into it up close to get a real feel for the quality of living it provides.
Try to see if the estate’s location has access to facilities that you need. This means that you should choose Calderwood house and land packages that are just close to infrastructures, such as schools, universities, hospitals, transport terminals, and shopping centres. On a similar note, you can go for a Marsden Park registered land that is near open public spaces, such as hiking trails and parks.
When purchasing a house and land package, it is wise to make a conservative budget. Typically, there would be unexpected costs that you will encounter during the purchase or the construction process, especially when there are changes to the original plan. It is also possible that the agreement you enter with your lender requires you to shell out money at the initial phase. So, when choosing your Spring Farm house and land packages, remember to have enough budget to cover all the costs.
Financing for these package deals typically includes the lot purchase and the house construction. So, when signing up for Elara land registered by the government, for instance, financing would be arranged individually according to these aspects. You can opt for a mortgage for the land, while a loan for the construction. But of course, these costs are bundled together for the entire package.
- House Design
Of course, you have to find a house with a design that you like. So, when assessing a package, ask about what house features are included in it. Before you get started with the builders, make sure you have seen examples of homes they have completed over the years.
Selecting a house and land package can be very challenging, but keeping in mind the things listed above can go a long way for you in steering through the whole process. Now, are you thinking of making such a huge life decision? Contact Eden Brae Homes today!