How Does Buying a House and Land Package Work?
Whilst buying off the plan is a popular choice for those who are happy to take a back seat and let developers design their home, some people prefer to have a little more control.
If this sounds like you, and you are in a position to pay for land upfront, then choosing a house and land package might be the perfect solution. You’ll have a say in how your property is constructed and what the final product looks like.
Here’s what to expect if you choose to purchase a house and land package:
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You’ll have to pay for the land upfront
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You’ll pay stamp duty on the land but you won’t have to pay it on the finished house
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When you purchase the land, you’ll sign a contract with a builder to undertake the full construction of your property
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You’ll potentially save lots of money, as you can pay your builder in instalments
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You can manage the building of your property and choose your own layout and features
If you have any questions on house and land packages please feel free to reach out.
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