House and land packages are renowned for being one of the most economically efficient means by which to purchase a new home. These packages vary in nature and finding the best deal for you can sometimes be difficult. This guide seeks to outline some important factors to take into consideration when searching for an ideal and affordable house and land package, so as to ensure that you are getting the best value for your money.
Consider your requirements
The perfect home can often seem non-existent and the arduous nature of searching for a perfect home can leave some prospective buyers disillusioned. The fact remains, however, that the extensity of design options offered by the more reputable home building companies means that they are almost certain to provide one suitable for you. Listed below are the two main avenues through which to find your perfect home for the most competitive price.
- Buying a completed house and land package
Following the subdivision of their expansive land plots; developers will typically construct a substantial number of homes on many of the blocks. These homes are built in accordance with one or more of the homebuilder’s designs and an advanced building company will often have in excess of one thousand available designs. These completed homes will cater to a variety of budgets and as a result of the land’s subdivision and the company’s buying power, the highest quality materials and components are often made available for very affordable prices. This means that consulting a reputable company is likely to yield positive results – particularly when considering the multitude of designs that are offered in the initial stages alone.
- Buying an incomplete house and land package
Not all the subdivided blocks of land are developed immediately. Many are left vacant and offered to prospective buyers with the option to choose one of the company’s many designs or even alter pre existing designs to more closely suit their needs or taste. Whilst purchasing your house and land package through this avenue is likely to incur some additional costs, you will still get the quality and comparative value inherent in the products offered by reputable housing companies.
In considering which of these options most suits your budget, it is pertinent to enquire as to the availability and diversity of the designs and housing options that a homebuilder can offer you. There is an element of suitability in finding the best deal and even if you pay marginally more money, the cost will be offset by the enhanced utility and satisfaction of finding the right home for you.
Find the right homebuilder
Only the well-established, more reputable homebuilding companies have the financial capacity to guarantee you the best quality for the lowest prices. There are several reasons for this and the most relevant two are listed below.
- Buying power
The most successful of Australia’s homebuilding companies have what is know as ‘buying power,’ to a high extent. Buying power refers to the company’s ability to source materials for a very reasonable price. Given their size, these companies often source materials in significant quantities and assign them to developments as required. In doing this, the homebuilders are able to demand the most competitive prices from manufacturers and the monetary savings consequent of this are transferred to consumers and homebuyers.
- Land purchases
Efficient building companies purchase large plots of land as the government makes them available. These blocks are often known as ‘estates’ and are subsequently subdivided into singular blocks of land and connected to public utilities and infrastructure. This can be done efficiently for a cost far less than that which would be required to individually develop each block of land. As such, this process allows successful companies to sell the land for prices far lower than the rest of the market.
Taking the abovementioned points into account when searching for a well-priced house and land package can save you a considerable amount of money. Finding the right homebuilding company is a major step in locating the best deals as a good homebuilder has the capacity to deliver the most affordable homes, without compromising their quality.