WHAT ARE HOUSE AND LAND PACKAGES?
A house and land package allows you to secure a block of land along with a perfectly suited home design in one process but two contracts. Don’t worry about the thought of two contracts, house and land packages mean you’re dealing with less people along your journey, simplifying the process overall.
What are the Benefits?
In a word, the primary benefit of a house and land package is convenience.
Rather than trying to find and purchase the right piece of land, then choosing the perfect home design from a builder you can trust, a house and land package combines this into one deal. You’re not dealing with multiple parties, just one salesperson who takes you through the entire process.
Clear Idea of Price
When you purchase a house and land package, you’ll have an idea how much you’ll be spending right from the start. If you have pre-approved finance or a clear understanding of how much money you’ll have to put towards your new home, budgeting suddenly becomes much easier. Especially for first home buyer who might not have experience buying a home and managing a strict budget.
Purchasing a house and land package could also see you saving thousands of dollars on stamp duty. When buying an established house, stamp duty is calculated on the price of the entire property, but when you purchase a house and land package, you’re only charged stamp duty on the land value.
The amount you could save varies, and for more information about how this works, chat to your conveyancer or mortgage broker.
It’s All New
When you buy an established house, you don’t always know what you’re in for. You’ll reduce these risks when you buy a new house because all your inclusions are new. You will benefit from Cavalier Homes’ Structural Guarantee and other warranties included with your new home. It is peace of mind that you have a quality home built to the latest standards with energy efficient fixtures, fittings and appliances.
House and land packages make for a great investment. Aside from the affordability aspect, a brand-new home in an estate is bound to attract more high quality tenants. These tenants will possibly pay more to live in a new home. You might also be able to claim more deductions on depreciation with a brand new home, and you should spend less on maintenance and repairs.
Cavalier Homes’ house and land packages exist to make it easy for you to purchase a new home. Whether you’re a first home buyer, upsizing, downsizing or investing. Buying your dream home should be an exciting occasion, not a stressful one. As home building experts, it’s our job to take care of a lot of the work for you, so you can focus on what’s important. We offer both double and single-storey homes across leading estates thanks to our strong relationship with land developers.
Disclaimer: While we’ve tried to be as helpful as possible, this information should not be taken as professional financial advice. It contains general information only, and you should seek out independent, professional advice before making any financial decisions.
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