How do House & Land packages work?

How do House and Land packages work?

House and land packages offer a super convenient and cost-effective way to build a new home, but not everyone understands how they work. To make things simple, we’ve provided answers to frequently asked questions below. Feel free to reach out to one of our friendly experts if you have any more questions!

Are all House and Land packages the same?

No, each builder and developer may offer something a little different. Some cater to first-time buyers or investors, while others might have higher specification. Make sure you know exactly what’s included, like fencing, landscaping, and appliances, so you’re clear on what you’re paying for.

Where can you buy a House and Land package?

You can find house and land packages in new land estates or subdivisions offered by developers or builders. Try checking out estate or developer websites to see what’s available in your preferred suburb.

What type of loan do you need for a House and Land package?

A house and land package needs a different type of loan than buying an existing home. It combines a mortgage for the land and a construction loan for the house, letting you pay for the land upfront and the house in stages as you reach various milestone through the construction process. This ensures you’re only paying interest on the full amount once the house is complete and it eases the financial burden if you are already paying a mortgage or rent while your new home is being built. We partner with Resolve Finance (part of the ABN Group), who are construction loan specialists for home new build financing. Try one of their useful mortgage and home loan calculators today.

What are the benefits of a House and Land package?

You can customise a house and land package to build the home you want in your desired location or else the builder/developer has already chosen the best design to maximise the potential of the block. You can work to your own budget, so you can easily plan your finances plus loan options are available, so you don’t need to pay the full amount upfront before your house is built.

If you choose your builder wisely, you’ll receive a quality home built to a high standard that will bring you comfort for all the days you call it home. Plus, for added peace of mind, Dale Alcock Homes offer a 25-year structural warranty plus a 12-month service warranty for every new home including house and land packages.

Owner occupiers are still eligible for government grants and if you are an investor you can potentially claim full depreciation on your new home and your tenants will love living in a brand-new house. New builds often come with eco-friendly features to help keep costs down for owners and tenants.

House and land packages are a simple and affordable option for any new home buyer. If you want to build a new home but want someone else to do all the legwork for you – house and land packages are the way to go!

We understand that building your dream home is a unique, personal experience so our team of experts can work with you to tailor a house and land package that suits your individual lifestyle and budget.