05/10/2022
What is a House and Land Package?
A house and land package is when a buyer secures a block of land and the construction of a home in one process but two contracts.
You will settle on the land first and then through the build will draw down on your mortgage to make progress payments.
Once you have found a house and land package with the design you like, it’s time to talk turkey with the builder. Start by enquiring about the following:
1) What is included and what isn’t – display homes feature the best fittings, finishes and appliances which may not be included in the standard package
2) Layout – most buyers like to make changes but these can prove problematic for the builders
3) Construction – when will it commence and how long will it take
4) Environment features – the cost of power, water and gas is likely to keep on rising, so ask which sustainability features are incorporated into the design.
When choosing a Builder ensure to follow this checklist:
Are they licenced?
Do they have builder’s insurance?
Have they checked the lot for suitability?
Have you visited recent projects?
Urban Edge SA are licenced builders, have proper insurance cover through the build and have a wide range of House and Land Packages available.
Call us on 8131 3343 to discuss your options today.
