Benefits of House and Land Packages for First Home Buyers

With the population on the rise and land becoming scarcer, buying property is currently a sound investment. If you’re a first home buyer looking to build your own home, here are a few reasons to consider a house and land package over a custom build.

SAVE MONEY

One of the most desirable advantages to going with a house and land package is that you may be able to save money overall. Buying land and then working on a custom build can seem like it will save you money, but in reality custom homes frequently creep over the original budget due to unforeseen circumstances. Land and house packages are a fixed price deal, so you know that no matter what unexpected issues arise during the build, they won’t come out of your own pocket.

SAVE TIME

Going with a house and land package will also save you much more time than a custom build. Building your own custom home means that you will need to invest time in every little decision that has to be made, which can be extremely time consuming. If you’re short on time, a house and land package will mean that most of the decisions are already made, which means you spend less time at the build site overall.

EASIER PROCESS

Buying a house and land package is a much easier process than a custom build. Everything from the conveyancing, council permission, layout, builders, and style are already decided upon, so all you need to make are a few key decisions rather than stress about every detail of the home. House and land packages are also generally live-in-ready, which means that the day you move in you will already have all the major appliances and fixtures you need that wouldn’t be included in a custom build.

CHOOSE YOUR DESIGN

While a custom build gives you complete control over your design, a house and land package does give you a good variety of options. It allows you to choose a design that suits you and your needs, conforming to your own personal style.

GRANTS AND DEDUCTIONS

Depending on where you live, buying a house and land package as a first time homeowner can result in stamp duty concessions and government grants. Have a look into the grants and deductions available to first home buyers who purchase a house and land package in your state.

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