If you are a real estate investor or an aspiring homeowner, you’re probably looking for the best ways you can achieve the dream of owning a home.
You have probably heard about house and land packages in Canberra, but are not really sure of what they entail.
The following guide will introduce to various types of house and land packages on offer in this location, as well as inform you on how to find the best house and land packages in Canberra and nearby areas.
Types of House and Land Packages
Real estate developers offer two options to potential homeowners in Canberra.
The first option involves a potential homeowner buying a piece of land and then going ahead to secure a construction loan using the land.
The second option involves a homeowner buying a house that has been already been built on the developer’s land.
Houses that are built by a developer for sale to homebuyers are commonly referred to as turnkey properties.
Turnkey properties are considered by many property investors and homeowners to be more convenient because the price of the properties is determined up front.
This is different from a house and land package where builders can increase the cost of construction once the project has commenced.
With turnkey properties, a fixed price for the land and home are set by the developer.
A homeowner is, therefore, able to know exactly how much it will cost to secure a specific home.
Read how to find a reliable builder in Canberra here.
Where To Find Suitable House and Land Packages
You can easily find a decent house and land packages in new estates that are popping up in Canberra.
You can also find some really good packages on local real estate listing websites.
However, if you really want to get the very best house and land packages in the area, your best bet is to contact individual property developers directly and ask them about specific packages that they have on offer.
In most cases, they will be more than willing to provide you with the information that you are looking for.
When dealing with a property developer, it’s important to do thorough background research on previous properties and developments they have dealt with.
You should do some due diligence to establish whether they are a reliable home solutions provider and should take a keen interest in estates that a particular developer has worked on before proceeding to use their services. Also, you should ask as many questions as possible when purchasing a house and land package in Canberra, and make sure that you get the answers you are looking for.
Turnkey Property or Buying A House and Land Package?
The main difference between these two types of home ownership options is cost.
If you decide to buy the land first and then build your home, you will have two financial obligations to deal with – one being the cost of the land and the other being the cost of putting up the house.
Depending on the package, these two costs may be consolidated or bundled up together for convenience.
With a turnkey property, the cost of the land and home are put together to form one fixed price.
However, the home will have been built according to the developer’s specifications so you will have no say in the design of your house.
When purchasing any house and land package in Canberra, it’s important that you carefully look at the infrastructure and amenities of the surrounding area.
Some locations may be poorly developed or unserviced which can lead to unnecessary inconvenience in future.
Also, the costs of some packages may be inflated due to speculation by land brokers.
You should always make sure that you are getting the best value for your money.
Are you searching for the best designer and builder in Canberra to design and build your dream home?
Then look no further than Achieve Homes who build real homes for real people.
Achieve Homes is one of the most trusted designers and builders in Canberra and the surrounding NSW region.
If you are looking for house and land packages or any other building and design requirements, please call us today on 1300 234 432 or contact us through our website https://www.achievehomes.com.au/contact/