As a prospective home buyer, you’ll essentially be looking at every available option and go knee-deep in your research. Buying a home may be exciting, but it can also be overwhelmingly nerve-wracking at the same time. That’s why we’ve written this quick guide to house and land packages Adelaide to give you an overview of what you should be looking for.
When you’re considering a new home, the two standard options would be to either buy or buy to build. If you’re looking for a new house to live in or invest in, a buy to build package is a great way to get a home that’s exactly how you’d like it. Contrary to popular belief, house and land packages aren’t as complicated as you would think. In this article, we’ve broken down everything you need to know about the options that you have. For more information, you can inquire on our website.
Types of House and Land Packages
Currently, there are two types of house and land packages:
- Buy to build
Buy to Build
The buy to build option is where a developer has already purchased the land, divided them into different plots, and has designed and costed different home design packages for you to choose from. It’s quite similar to house and land packages Adelaide, where you have a choice of different price points, designs and locations.
On the other hand, pre-built is where the developer has already completed the above, as well as the construction. They are also the ones selling the new house. While you can move to it, it doesn’t offer any customisation options than buy to build.
How it Works
While developers are the majority of people who off house and land packages, it can also be done by a collective. The idea is that land is purchased from the government, and the developers will then lay down the infrastructure required to develop the land into a standard housing property. Other considerations include electricity, sewage, gas, water pipes, and roads.
Things to Consider
The buying of a house and land package is similar to purchasing any other type of housing. However, the main difference is the types of stages and loans that you’ll be going through. Here’s a two-step approach:
- Construction loan
- Land mortgage
For more information about the above details, as well as more information on house and land packages Adelaide in general, click here. You can also check out our other home-selling offers on our website.