The Beginner’s Guide to Buying a House & Land Package



The Beginner’s Guide to Buying a House & Land Package

Are you in the market for a new home? If so, you may want to consider purchasing a house and land package. They are a popular choice, especially among first-home buyers and investors.

For first-home buyers, the loan needed is a construction loan, which splits the borrowed amounts into stages, starting from a smaller loan and increasing from each stage, thus reducing the amount payable at the start of the loan. It can be a great option, provided you do your homework first.

In this guide, we’ll take you through everything you need to know about purchasing a house and land package in Sydney. From finding the right property to budgeting, keep reading to find out what you need to know.

Benefits of buying a house and land package

Are you still wondering whether a house and land package is right for you? Here are some of the benefits that make home and land packages a popular choice in Sydney:

You’ll have everything you need all in one place

One of the main advantages is you won’t have to worry One of the main advantages is house and land packages: you won’t have to worry about finding land to build on separately from the house. Everything is put together for you, saving you a lot of time and hassle.

It’s a great way to save money

House and land packages are normally priced significantly less than already established properties in the same area. A purchaser can get a brand-new home built for much less money than if they bought an older house in the same suburb, making this a cost-effective option.


You can choose what you want from your home

When you buy a home and land package, you’ll usually have a say in your home’s design and the block of land it will sit on. House and land packages come in different styles and sizes to suit various budgets and needs.

Whether you’re looking for a small starter home or a large family home, there will be a plot that meets all your needs. You can choose your finishes, from flooring and tiling to light fixtures and tapware. It’s your chance to create a home that’s unique and perfect for you.

It’s an excellent investment

A house and land package can be a superb option if you’re looking to buy an investment property. The discounted price often means you can expect strong capital growth over time, particularly as the area develops.

What to look for when buying a house and land package

Convinced a house and land package in Sydney is right for you? Here’s what you should be looking for when choosing one:

The location

The location is one of the most important considerations. Make sure you choose an area that’s right for your needs.

The house design

Another thing to think about is the design of the house itself. Make sure you choose a floor plan and facade you love, as it is difficult and expensive to make changes after the house is built.

The inclusions

When you buy a house and land package, it should come with everything you need to move in and start living. But the inclusions often differ between builders. So, it’s always worth checking exactly what the package includes.

The price

Of course, you’ll also want to ensure you’re getting a good deal on your house and land package. Compare prices from different builders before making your final decision.

How to find the right house and land package

The first step is to decide on a budget and an ideal location. Once you’ve done this, you can start looking at what’s out there. We recommend looking at the different house and land package options on a builder’s website and then talking to an experienced design consultant to discuss the particulars. It’s also a good idea to attend some builder’s display homes so you can get a feel for the quality of the house construction and what your builder has to offer.

Things to consider before signing on the dotted line

When you’ve found a home and land package you love, do your due diligence before signing on the dotted line and entering into a build contract. For example, you should ask the following questions

What’s included in the house and land package?

What is the total price of the package?

What is an approximate timeframe for the house to be completed after construction begins?

Can I make any changes to the design or specifications of the house?

It’s also a good idea to get a copy of the plans for the house. You can then check that everything is as it should be.

How to budget for your new home

Your budget is one of the most important things to consider when buying a house. You’ll need to know how much you can afford to spend on your new home before you start looking at different options. Some of the costs to consider include:

The price of the land

The cost of the house

Stamp duty or other legal fees

One benefit of buying home and land packages in NSW is that you only pay stamp duty on the land component. This can save you a significant amount of money compared to buying an established home. 

It’s a good idea to talk to an experienced mortgage broker before you start looking at home and land packages. This will give you a clear view of your budget and what loan amount afford.

What are the next steps

Once you’ve bought your home and land package, there are a few things your builder will need to do before you can move in:

1. Submit a development application to the local council. This step is necessary for any new house build.
2. Once a DA has been approved, ensure any conditions attached to the DA are complied with, arrange engineering details for the approved plans and organise a construction certificate.
3. Once construction ends, arrange a walk-through of the home with the new home owner and finally hand over keys to the new home.

After the final inspection, you can move into your new home!

When it comes to house & land packages, Champion Homes is a great choice. Our Freedom packages deliver you more home for less work, providing you with a range of high-quality design choices for single storey, double storey, corner lot and narrow lot options. All come packed with more inclusions for fantastic value.

And with our extensive experience in building home throughout Sydney, you can have a piece of mind knowing that we’ll deliver you designs & quality you can trust. 

If you’d like to learn more, contact us to set up a free, no-obligation consultation with one of our dedicated H&L specialists.

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