If you want to find the home of your dreams, an established property just won’t cut it. After all, what you see is what you get and you won’t be able to customise anything until you’re in the house and have the funds to renovate.
That’s why buying a house and land package is an excellent option. Before you get started, there are a few things you should know. Let’s explore the basics.
What’s Included in a House and Land Package?
A house and land package is made up of both a contract for the block of land and a contract for the construction of your new home. However, to make things easier for you and to take the guesswork out of the final price, the home and land are priced together. It’s a popular choice because it means you know the total price of your home rather than buying the land and then worrying about how much will be left over for your new home.
You’ll purchase the land and house as a package, with the developer working directly with the builder to create your dream home – which reduces decision-making stress on your part. Different packages offer different inclusions as standard, but for the most part you should expect a fully fitted out kitchen and bathroom, windows, doors, electrical sockets, stairs, tiles, built-in robes and more.
Some builders may include bigger items such as site costs, rock removal, fences, window furnishings, letterbox, clothesline, landscaping and driveways, but don’t take this for granted – speak to your builder before construction starts so everything included is locked into your contract.
Extras to Consider
Depending on what’s included in your building contract, you may have to budget for a few extra items, for example additional carpeting, gardens and even a clothesline in the backyard.
Also remember that as the home owner you’re responsible for setting up utility connections for gas, power, water and internet. Once you own the land, it’s also your duty to keep it maintained, which means free of rubbish and excess overgrowth. Depending on your local council, they may do regular spot checks to ensure the land is still in a respectable condition.
Where to Find a High-Quality House and Land Package
Finding the best place to live isn’t just about the quality of the land or what’s included in the home. It’s also about the location. You want to know everything you need will be within walking distance or a short drive. You’ll also expect there to be adequate public transport facilities, good local schools, nearby shopping centres and cafes, and an overall friendly neighbourhood vibe.
Buying in a master-planned community like Bloomdale could be the perfect option for you. It’s a family-friendly neighbourhood that has plenty of parks and open spaces, totally embracing the spirit of an active outdoor lifestyle. Plus, with the convenience of shops, schools and local services all within easy reach, you’ll have everything you need to thrive.
Costs and Grants
Remember that the price of a house and land package doesn’t include extra fees like registration costs and stamp duty. It’s also advised that you consult a legal expert with experience in house and land packages. They can work with your builder and developer to ensure your new home adheres to all the relevant council and regulatory codes.
In terms of grants, most states and territories in Australia offer a first home owner grant for buyers building a brand new home. In Victoria, you can get up to $10,000 when you buy or build your first new home, or double that for homes built in regional areas. So make sure you research which grants are available to you to help reduce the overall cost.
For the best of country charm, comfort and contemporary living, as well as the Melbourne CBD just a 30-minute drive away, Bloomdale is the place to be. With a wide choice of block sizes to suit your needs and established facilities at Diggers Rest, you’ll enjoy the convenience of connection from the first moment you enter the community.