House and Land Packages Explained

From WA Housing

Introduction:

Picking a house and land package is a choice many new buyers go for, and has been for generations.

You can simply choose the block you want and the features you’d like in your new home, resulting in a property that suits your needs and lifestyle.

“With a brand new home, you can plan for the future in confidence – no major repairs for years to come.”

What we’ll cover:• The benefits of a choosing a

house and land package.• Where to begin.• How to choose your lot.• Decisions regarding builders.• Financial details of a house and

land package.

1.

Home and land packages mean even when you have already determined a particular home on a select land allotment, you still have flexibility in your home design – giving you the chance to create a unique build perfect for you.

The benefits…

“Buying a home that is designed specifically to your block means less decisions when it comes to orientation, driveways etc.”

2.You can choose something to suit your families needs, something that is energy efficient and benefit from new technology. Picking a package oppose to buying both the land and home separately, you only have the need for one contract, which is easier to mange, usually results in less paperwork and lower fees.

What a package means…

“A package makes the process a lot simpler, but it is still wise to understand all the elements before getting started. ”

3.

Start by writing a checklist of what you want and need from your local community, considering the near future in your plans. Look into local infrastructure in the area, transport is extremely important, so check out how far away you’ll be from work, friends and family.

Where to begin

“Don’t forget to research close by schools, childcare, shopping options, parks and outdoor spaces.”

4.Think about the future – what do you want from the property? Is it a long-term family home or a start-up that you plan on moving on from later down the line?

The lot

“Depending of you’re looking for low maintenance or are a keen gardener, will make a difference too.”

5.Find out if the lot is all prepped and ready to go – if you choose a sloping piece of land, consider that you may have to go for a bespoke build, which will come at a cost.

Already planned your dream home? It’s important to make sure the lot you pick allows for the shape and size you’ve chosen.

Is the land ready?

6.The orientation of the build will already be chosen depending on the lot, so find out where the sun will be setting and if it will effect your yard in the evenings, or how bright your bedroom will be. Chosen a lot with a view? It is a good idea to design the house around your surroundings, assessing how many floors you need to make the most of the scenery and nearby houses.

Think Orientation

7.

A great way to find a home builder is to visit display homes in your area – choose a design you really like and then get in contact. Are you flexible with layout?

If you want to make changes to a pre-existing design then it could add to the cost.

Finding a builder

“Get opinions from friends and family who have recently built – see if anyone has any recommendations.”

8.Always ask your builder how long the build will take and when construction can start. Not forgetting extra costs for sustainable features being incorporated. Whoever you choose, check out examples of their previous builds in the last couple of years. Make sure they are fully licenced and whether they have builders insurance.

Be clear on yourtimeline

“Before you sign anything, find out about inclusions – some builders include fencing, driveways, landscaping etc.”

9.Usually house and land packages are done in two steps – first the land, then the house. Loans can be arranged separately, but are usually bundled together. Due to the house still to be constructed when you sign paperwork, your home would come under a construction loan, where you pay at each stage of building.

Finance…

“Don’t forget, you may also qualify got government grants – which can be up to $10,000!”

10.

Keep communicating during the build, check on progress and make sure you are happy with everything – it’s also a great way to get you excited for moving day!

Throughout the process

“We can help you build, choose a suburb, affordable pricing options and see how much you could borrow.”

A house and land package has a couple of minor restrictions, however it is a great way to simplify the process and get you into your new home quickly and efficiently..

Summary:

http://www.wahousingcentre.com.au/