Is a House & Land Package Right for You?

26 February 2018

Choosing a house and land package can make the process of buying a new home much easier. You don’t have to look for land separately, or worry about the suitability of the home you want for the land you’ve bought. But there are still some important points to consider before you commit to buying.

There are two kinds of house and land packages. Some builders offer a choice of land and a selection of suitable homes for these blocks. This gives you the freedom to choose the block of land that suits you best and a home design that fits your budget and lifestyle. The second option is to buy a house and land package where the house is already built on the land and is ready to move into – this is also known as a ‘spec home’. It’s best to talk to a selection of builders to find out which option is best for you.

Take a look at the pros and cons below to help you decide if a house and land package is the way to go for you.

The pros

The house and land is a good match

When you buy a house and land package, the builder has already chosen a house plan that suits the block – taking dozens of decisions and potential problems off your plate. The builder also has lots of experience doing this, which is a bonus for you – especially if this is your first home.

It’s quicker and easier

House and land packages are one of the easiest and fastest ways to purchase a home. You know exactly what you’re getting, and the whole process is much faster than if you had to find a block of land, choose a home builder and then build. It also takes much of the uncertainty out of the decision-making process.

Clear pricing

One of the major benefits of a house and land package is that the price is very clear upfront. This is important for buyers whose finance is pre-approved or who may be on a limited budget. It also takes much of the guesswork out of budgeting, and avoids any chance of budget blowout.

Save time

This is a huge benefit, as most people are so time poor these days. It takes time to find the right block of land and choose a suitable home design to suit. With a house and land package, you’re literally buying yourself time.

The cons

Smaller lots of land

While house and land packages often include a selection of fantastic inclusions, many new estates only offer small lot sizes. If you’re looking for a low maintenance home, this may be just what you’re after. If not, you may need to keep searching for a larger block, which could take a little longer.

Property location

New estates are often located in outlying suburbs. Does this suit your lifestyle? Are you OK with a longer commute to work if your job is in the city? Most builders usually have a selection of packages available in a number of new estates. So it’s important to research your preferred locations to get to know the areas better. Make sure you check out local amenities like schools, hospitals, shops, parks and public transport too. This is important when it comes to your lifestyle, as well as resale value in the future.

Compromises on building specs

If the house and land package you’re considering is a spec home that’s already been built, chances are, you will have to make some compromises. It may not be exactly what you would have chosen if you’d been involved during the build process. But on the upside, it’s all been done for you, and this can never be underestimated!

Make sure you take some time to consider all the pros and cons, so you can make an informed decision about whether a house and land package is right for you.

At Hallmark, we’ve got a package to suit you

Find a home that ticks all your boxes with Hallmark Homes. With over 35 years experience, we offer a wide choice of highly-sought after house and land packages across Brisbane and the Gold Coast. See our practical and quality home designs for yourself at one of our display centres across South-East Queensland or contact us today.

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