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House and land packages – pros and cons

House and land packages are steadily growing in popularity in Tasmania. Convenient and simple, you have a one-stop shop for all of your requirements, giving you time to relax and enjoy the exciting process.

There’s many things to consider (and potentially worry about) if you choose to build your dream house from scratch. You’ll have to set a budget and stay within it, and design your house plan – with the long list of decisions that can be overwhelming. Not to mention dealing with the contractors and adapting your plans to any possible delays!

House and land packages give you a chance to select a property and the house design you want 0 then leave the rest to the building professionals. Whether you want to move into a larger property or you are a first home buyer, consider a house and land package. But – read on before you make your final decision, so you know what to expect along the way.

Moving easily and smoothly from one phase to another

From the moment you hire the builder you trust, to the day you collect your house keys – having a builder to take care of it will lead to a higher probability that you’ll get to enjoy the whole process. Serious building companies will participate partially or fully to take care of the local council regulations, permits, and any additional administrative matters. On the other hand, you have a team of in-house builders, designers and subcontractors from your selected building company, working as part of your building team.

Your obligations include selecting colours and options of fittings, finishes and general design. If you’re working with a capable designer, you can expect to get original ideas and advice on the topics. Moreover, you’ll receive support from your whole building team while only having to deal with one point of contact.

Reduced stamp obligations

If you are not aware of the financial benefits and loan possibilities of the house and land package, the following information may come as a pleasant surprise.

First, the good news is that you only pay stamp duty on the land component, excluding the house, as long as the construction has not yet begun on the property. First home buyers can also apply for the First Home Owner Grant [https://www.sro.tas.gov.au/fir....

Additionally, if you obtain a mortgage with a straightforward mortgage loan, you can get almost the full amount of money required for the land, then apply for the construction loan later and invest in your new home.

Savings on maintenance and energy efficiency of new houses

Since you are moving into a brand-new house, you don’t need to worry about ongoing maintenance for at least a few years. There is no possibility that some well-hidden damage or malfunction in the house will appear, or that something will fall apart or break easily. Any structural issues will be covered by builders insurance.

Consider making your new home an energy-efficient home. Older houses require constant upkeep and common repairs to remain in acceptable condition. In addition to that, insulation and construction materials are not as energy efficient as in the new houses.

Therefore, by having a modern, open-plan living home specifically designed to allow you to use less electricity, you will reduce the power bills and also help your community.

What are the possible downsides of house and land packages?

Typically, house and land packages are available on the outskirts of the city, since the building companies need to purchase a large parcel to complete the offer. But perhaps - the countryside and peace that comes along with it are just what you need.

Make sure that you understand exactly what you’re paying for. People often think that everything included in the contract price – when, in reality, fences, landscaping, letterboxes and driveways may not be part of the deal.

Finally, you shouldn’t assume anything. Everything that you are paying for should be itemised in a quote and entered in a plan.

With Platinum Pro, you’ll get the transparency you hope for and the highest level of professionalism. Our packages don’t have hidden costs and false promises, because we are here to turn your vision to life for the fee we established in the contract.

Take a look at our plans and get in touch about our available house & land packages.

At Platinum Pro, we'll leave your hard-earned savings in the bank longer thanks to our flexible payment plans. Check out the video below to see how our payment process works.

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