Buying property can be a stressful endeavour for a lot of people. It can be incredibly tedious to do, and most of us don’t even know if we’re looking for a property the right way. The nerve-wracking process of buying property isn’t unique to you either – it happens to all of us.
What you purchase is what you’re going to live in for years, if not decades! That means that you can’t go into this blind. Luckily, we’re here to help!
Let us show you everything you need to know about buying a house and land property in Australia!
Knowing House & Land Packages
House and land packages are the ideal options for new homeowners who are tight on a budget. Since the land and the home design are packaged up, the process is a lot simpler and cost-efficient!
There are two types of house and land packages that you can get from a Hillstowe officer:
- A standard house and land package
- Turnkey packages
Standard house and land packages allow you to build and fully customize your home at a later date. This grants you a lot more control of what you can do with the land you bought.
Turnkey packages offer you a full property that you can move into right away! You can literally just turn the key to the door and start living in the place that you choose. In both scenarios, the builder and developer will be working together on the construction of the home.
5 Steps To Buying a House and Land Package
So you’re convinced and want to get your hands on a house and land package, hold your horses! Here are some steps you should take for you to sweep through the process.
Do Your Research
This is the most crucial step when buying a house and land package. Understanding what you want and talking to a house and land officer, from the size to the features you can add to the home, will make the transition a lot easier. Checking out the location and picking one that has schools, public transportation, shops, and hospitals nearby is a no brainer.
Approach your Developer of Choice!
After doing your research, approach the developers of properties that you’ve taken an interest in and see which one is right for you. Compare costs, the build time for each one of your choices, and make sure to check for any hidden expenses in the contract.
Getting a financial adviser is a good idea here too!
Organize your Finances
After getting quotes from your builder, you can organize whether you’ll need a home loan or a land loan and construction loan. You can also go to a lender to get a pre-approval on how much you can borrow to help your budget!
Keep Track of the Build
You’ve chosen the design and the features you want to see in your house, but you still have to keep track of the progress. Things can be misinterpreted, and you should be there to make sure everything goes right!
Signing off & Moving in
The final step is to sign off on legal documents and be prepared to move in. all the patience worked out, and now that the paperwork is out of the way, you can begin your new life in your