Buying a home is a nerve-wracking yet exciting experience! On top of looking for the perfect home for yourself and your family, you are also inundated with tons of information. You will also have to decide on house and land packages appropriate for you and your family. You will either want to buy an existing house or purchase a brand new one. Another option is to buy a house and land package, wherein the buyer selects a plot of land and specifies what type of house they want. In general, new house and land packages can be a great investment as the customisable nature of these packages allow buyers to be able to choose features they value the most.
Typically, the process of purchasing these packages, which are usually fixed price house and land packages, will involve purchasing a land and then paying for a retail builder to commence construction. The great advantage of investing in a house and land package is that these packages are extremely appealing for prospective tenants. Renters are likely to be more willing to pay premium prices for stylish homes with contemporary designs. There is also the added relief of not having to undertake extensive maintenance work on your home, as this will be newly built from scratch. New house and land packages are hassle-free as they usually require very little upkeep for a long time and are also covered by warranty. A massive advantage for buying a house and land package is that there is a potential for reduced stamp duty as well, which helps you to save on costs. Typically, with these packages, you have to place a 10% deposit on land and 5% deposit on the building contract.
When considering house and land packages in Sydney, you will need to be aware of certain things. Taking the leap into house ownership might be overwhelming but at P5 Homes, we strive to make this process an exciting one for you. P5 Homes specialises in helping first home to get their first ever dream home and to build it exactly according to their requirements. Our expert team will guide you at every step in this process!
