House and land packages are an increasingly popular option for homebuyers, particularly those looking for a streamlined way to own a new home. They combine purchasing a block of land with a pre-designed or custom-built house in one complete package, making the process easier and often more cost-effective. Here’s a breakdown of how it works:

1. Choose a Development or Community

House and land packages are often offered within new residential developments or planned communities. These developments are designed to provide everything from parks to nearby schools, creating a desirable, well-integrated neighbourhood.

2. Select the Lot

Within the development, there are usually various lots to choose from, each varying in size, orientation, and sometimes location within the community. Larger lots may come with higher price tags, while smaller lots are often more affordable.

3. Pick a Home Design

House and land packages generally come with a range of home designs to choose from. Builders often offer different styles and layouts that are customizable, allowing buyers to choose finishes, colours, and fixtures while keeping the overall structure the same. These designs are created to fit well within the selected lot and meet any council regulations or developer guidelines.

4. Finance Your Purchase

House and land packages are often structured as two separate contracts:

• Land Contract: For purchasing the land.

• Construction Contract: For building the house on that land.

Each contract is financed separately, with the land loan typically settled first. Construction loans are drawn down progressively as each stage of the build is completed, allowing buyers to pay interest only on the funds used as the home is built.

5. Build Process

Once the contracts are signed, the building process begins. The timeline varies depending on the builder and design chosen, but most builds take six months to a year. Since everything is pre-planned and managed by the builder, buyers don’t have to deal with the day-to-day management of the project, making it a relatively hassle-free experience.

6. Move-in Ready

Once construction is complete, the property undergoes inspections to ensure it meets the quality and safety standards. After final checks and any remaining payments, buyers receive the keys to their new home and can move in.

Benefits of House and Land Packages

• Cost Savings: These packages often cost less than buying an existing property because they include builder discounts and tax benefits.

• Simplicity: The builder manages most of the process, reducing the stress on the buyer.

• Customization: Homebuyers can personalize aspects of the design, finishes, and fittings.

• Fixed Pricing: Packages often come with a fixed price, helping buyers avoid unexpected costs.