What to ask when buying a house and land package?
Being at a stage in life where you’re ready to purchase a new home is pretty exciting. With so much information to get your head around, however, it’s important to ensure your emotions don’t overshadow the task at hand. New estates in Clyde North are just some of the developments popping up lately. Before exploring these house and land packages, arm yourself with the right questions. We outline what to ask when buying a house and land package below.
What type of package should I buy?
When purchasing a house and land package, it’s important to remember that there are two different styles you can choose from. One option is that you purchase just the land on which you intend to build your home. This comprises an empty plot only, where you build your home thereafter. For those who prefer to start ‘from the ground up and have more creative control, this can be a popular option.
The other type of package available is where you purchase an established, ‘just-built’ home that’s ready for move-in. For those who want a shorter construction process and don’t want to commit to building from scratch, this can be a better choice. Option one can sometimes be more cost-effective than buying outright, while option two means you have your home far quicker than you would if you were to build. Like any decision, there are pros and cons to each choice, therefore it’s important to weigh both options up and decide what’s right for you.
What about the neighbourhood?
Regardless of your circumstances, location is a huge factor in deciding whether or not you buy a house and land package. If it’s an investment property, you’ll want to make sure you can find interested tenants who’ll pay adequate rent to cover your mortgage. With this in mind, having your home located near amenities and transport will be an important factor. If you plan on living in the home, perhaps good schools and parks for children will be important deal-breakers for you.
New estates in Clyde North are close to an array of transport, schools and amenities but it’s important to ask developers specific questions about the neighbourhood. Enquire about what future developments are planned and what cohort mainly populates the area. This will give you a true sense of where you might be living and will help you decide if it’s the right environment for you.
What’s included in the cost?
If you’re interested in purchasing a house and land package in the new estates in Clyde North, establishing the total costs is really important. Again, prices will differ depending on which package you choose, so make sure to ask your developers questions on both options. This will help you make an informed decision and help you avoid any nasty surprises down the line.
House and land packages come with a list of inclusions provided by the builder, such as fixtures, design features, and materials. Don’t make any assumptions here, this list isn’t all-encompassing, so make sure to check it properly and ask about missing items. Often features such as driveways, fly screens and landscaping can incur extra charges. Construction companies will also have different prices, so it’s good to shop around to make sure you stay within your budget.
What does the construction timeline look like?
As mentioned before, buying a newly built home means you won’t have to worry too much about construction delays and deadlines. If you’re building your home from the beginning, however, it’s important to stay involved in the construction process and be aware of what is happening and when. Your builder will give you an end date to set expectations, however, feel free to ask your developer for a rough estimate of timings too. This will give you a good picture of how long everything will take, and help you decide whether a house and land package is right for you.
There are an endless amount of questions you can ask before buying a house and land package. Don’t be afraid to embark on a detailed enquiry as it will make everything run more smoothly. If you’re interested in learning more about new estates in Clyde North, speak to the team at perchclydenorth.com.au