6 advantages of buying house and land packages tips, Real estate purchase advice, Property buy guide

6 Advantages Of Buying House And Land Packages

8 July 2022

You’ve probably heard about house and land packages before, but you may not understand what they are and why they could be good for you to purchase. Here are six advantages of buying house and land packages that will help you decide if this property purchase could work well for you or someone you know.

6 advantages of buying house and land packages

1) Flexibility

Buying a house and land package (also known as an off-the-plan or spec property) comes with flexibility not afforded by other options. Since you are buying from a developer directly, there is no waiting for construction to be finished before moving in—you can start living in your new home immediately.

2) Less Competition

House and land packages are rarely sold, so competing with your own package is easy. You can price yours at a higher value without fear that someone will undercut you. And if they do, then you can just adjust your price to match theirs. You’ll also have fewer people who want to buy from you. So what does that mean? Less competition! It’s easier to sell one house than several lots because there is less risk involved for buyers. Many buyers prefer house and land packages because they don’t need to worry about getting their building permits approved or having their houses built on time—you already did all of that work for them!

3) Get The Property You Want At A Lower Price

The allure of house and land packages is not just about buying a house at a lower price; it’s about securing a property that comes with everything you need to get settled in one go. Some companies even offer turnkey, ready-to-move homes, so you don’t have to lift a finger. Check out the house and land packages Brisbane for more.

4) Quicker Completion Dates

When buying a pre-built house, it usually takes several months to complete. However, a new house built on a pre-existing lot is constructed in as little as 90 days. That’s a big time-saving! Buyers have enough to worry about without waiting months for their homes to be completed.

5) The Right, People To Deal With

Many new investors find it hard to deal with real estate agents. But if you want to buy or sell a house or land, real estate agents are a necessary evil. You will need an agent when looking for your dream property, especially if you don’t have much experience in that area. Your first contact may very well be with an agent who assists buyers.

6) Flexible Terms

The closing process for a land-and-house package is more flexible than buying a house from scratch. The seller will often allow you to choose between an interest rate that doesn’t change for several years or one with pre-determined increases. Either way, there are few surprises when it comes time to close, which can be helpful if you’re not fully versed in how these transactions work.

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Architecture

Rowanbank Gardens, Corstorphine
Rowanbank Gardens Housing Edinburgh
Rowanbank Gardens Edinburgh Housing

West Town Vision
West Town Edinburgh property development site
image courtesy of architects practice
West Town Edinburgh Property Vision

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