A house and land package can be a smart idea if you are seeking to make a property investment. It can make for a more rewarding investment by saving on costs, as well as time of the planning and construction process. Here are a few reasons why purchasing a house and land package is a positive thing when choosing to invest.
House and Land Packages Explained
Typically the financial process of purchasing a house will consist of purchasing land, and then paying for a retail builder to begin the construction process. A house and land package will be displayed with a single price – this includes the land price as well as construction costs. The package is ultimately two separate contracts that are combined to secure in your land as well as home. When you purchase a house and land package with iBuildNew means that you don’t have to think about excluded costs because there aren’t any- these packages are at a fixed price.
Cost Effective
House and land packages tend to be cheaper than buying existing houses, or building with retail builders. Due to this the potential for capital growth is significant, which is a massive plus if you are seeking to invest in property. Purchasing a house and land package in an area that is developing quickly will also provide growth potential that will benefit rental investments.
Fixed Price
Fixed prices that come with house and land packages mean that you can be guaranteed no extra costs or additional charges. This is a comforting feature for investors who are trying to enter their journey with stability and less surprises.
Timely
Searching for land that works with your chosen house design from a builder that builds in the location that you choose to build in can be a headache. If you are seeking out a build that is timely and effective for your investment. The trouble of finding a builder on top of purchasing land is taken care of. A house and land package, although two separate contracts, is all done through one party which increases ease.
Turnkey Homes
‘Turnkey’ house and land packages are also an option – this means that once construction is complete, the home will be ready to move into. Or in an investors case, ready for tenants. It will be fit to move into with little or no work needing to be done – lights will be fitted, walls painted, landscaping done, with no worries for you. When building with a retail builder you may still find that there’s an amount of work that needs to be done before you are able to rent out to tenants. It also allows you to save on extra costs.
Need help getting started? iBuyNew will point you in the right direction! Whether you are looking for apartments, townhouses or house and land packages, working closely with an iBuyNew property consultant, who understands the market, will help you find something suitable that’s tailored to your needs and requirements. Get in touch with them on 1300 123 463.
1800 184 284
