News

5 Things You Should Know About House and Land Packages

July 17, 2017 | IN Media Release and News | BY AVID | 3 min read

Purchasing House and land packages has quickly become the more appealing option for many new homeowners. The ability to now easily design a personalized address has exceeded the choice of investing in existing properties.

Over recent years the hassle of the building process has been eradicated and buying house and land packages has proven to be just as easy.

For your convenience, we have summarized the five benefits of buying house and land packages. As a first-home buyer, these useful tips can help you be informed to ensure you make the best decision about your investment.

Five benefits of house and land packages

1. Have the freedom to choose your block & design

Enjoy the freedom to design the house that suits your lifestyle. Whether you’re an owner occupier or an investor, house and land packages allow you to customize your design to meets your needs. 

Unlike purchasing an existing property, the process ensures you will not have to compromise on the design elements you are looking for.

2. New Designs, Less Maintenance!

Old properties have been built using outdated technology and concepts. By buying a new house and land package you know that your home will be built using with current industry knowledge and techniques. Consequently, new homes naturally have less repair and maintenance to worry about.

In a new home, you also have the reassurance and benefits of a builder’s warranty.

3. Financing may be different

The investment for a house and land package can require different financing. It’s important to consider this when making your real-estate decision.

Unless you’re buying the package with the house securely in place or construction near completion, financing for a package deal will take place in two parts:

1.         Buying the land

2.         Building costs for the house

These loans can be done separately, but are often bundled together into one investment. Be sure to talk to your finance provider ahead of time.

4. Depreciation benefits

New properties can typically be depreciated at a higher rate than older properties, as they have a greater initial value of building, fixtures and fittings.

This can be an attractive incentive for investors  to get a ready-built package deal and be able to depreciate earlier than if you are building the house.

5. Great value

House and land packages generally include fixed prices with set inclusions, which in turn allow you to forecast the overall cost of your new home prior to commencing building.

Hiring a contractor to build the home yourself would not offer the same price stability! By purchasing a house and land package you can be sure that you won’t encounter any unforeseen costs that exceed your original budget. 

Ready to Buy!

You’re now ready to make an informed real-estate investment decision on packaged house and land deals.

These bundles can help you:

•          Choose the perfect home design for you

•          Deal with less upfront maintenance

•          Finance the land and home in one

•          Depreciation benefits

•          Get great value at a fixed price

Start building your perfect dream home today — invest in a house and land package.

Recommended for you

June 3, 2024

Small Businesses Boom On The Sunshine Coast

May 30, 2024

Land Lease Neighbourhood Set To Expand Established Diggers Rest Community

May 30, 2024

New Over 55s Community for Hervey Bay

May 28, 2024

Villaworld Homes by AVID Property Group recognised at national builder awards

May 16, 2024

AVID Property Group expands into Australian Land Lease Communities with AUD$1.1 billion portfolio

May 14, 2024

Together they strike: Harmony continues Lightning partnership

April 24, 2024

Premium fixed price homes expected to sell quickly at Brentwood Forest

April 24, 2024

Enquiries double as Greenbank development celebrates 1000th settlement

April 10, 2024

Chisolm opens its doors to the freatest ‘Home Show’ & a chance to win $10k

March 25, 2024

Family ties: Multi-generational living with a twist reigns in Chisholm community

Brentwood Forest

Located just 5 km from Springfield Central with shopping centres, health and recreation hubs, schools, childcare facilities and public transport at your doorstep. Brentwood Forest is nestled in its own wooded enclave that rises above the surrounding valleys, a family-oriented address which offers a sense of tranquillity, space and seclusion. With playgrounds and leafy parks, quiet streets and easy access to schools, shops, sports facilities and everyday services, Brentwood Forest offers a sense of escape from the hassles of suburban life, while still remaining close to all that matters.

Designed by the experts

Peace of mind

Everything done for you

Complete finance solution

Your home is where our heart is