How to choose house and land packages?

House and land packages are a great way to find your dream home, complete with a backyard and all the creature comforts you deserve.

The following guide includes useful information on what to look for when choosing house and land packages. Melbourne has many new and exciting opportunities opening up, so it pays to get ahead of the game and arm yourself with practical information on how to find the right house and land package for you and your family.

Want to know more about house and land packages?

It is important to understand the purpose and the benefits of house and land packages in order to assess whether this type of package is the right choice for your particular needs.

What are House and Land Packages?

Melbourne property developers use the term House and Land Packages to describe a common way of purchasing a new house as well as the land it is built on. In general, there are two basic types of house and land packages: firstly, where you purchase a new house that has already been built on the land, or secondly, where you select the block of land and then select the design of home you wish to be built on the land.

Who can purchase House and Land Packages in Melbourne?

The purchase of house and land packages is available to anyone regardless of whether or not they have previously owned a property. Property developers are generally able to customise your package to your specific needs or provide guidance as to which of their available packages is the best fit for your circumstances, whether you are looking for your first home, your dream home or your retirement home.

How to choose the right package for your family

There are many factors to consider when choosing between house and land packages; here is a list of things to consider when making this decision:

  • Location and lifestyle

    Be aware of exactly where you want to live. Do you want to live close to the shops, close to a school, close to public transport? Depending on how specific you are about where you want to live, location can have a significant or minimal impact on the range of house and land packages Melbourne has available.

    Take a tour of the house and land packages available in your preferred suburbs to get a feel for the community and lifestyle. This means walking the streets and soaking up the atmosphere, you will find that each neighbourhood has its own individual personality and you might discover that you are immediately drawn to a particular estate.

  • Budget and investment

    The cost of house and land packages is obviously a key factor on whether the package is right for you. When determining your budget, in addition to considering how much you can reasonably afford to pay, you should also look at the long-term investment potential. Not all areas offer the same return on investment, with certain locations and estates more prized than others.

    Remember to ask for comprehensive quotes of all the different types of house and land packages available from your prospective property developer, as they will advertise their cheapest price and it may cost more when you add your design and location preferences.

  • Design and features

    House and land packages come in many shapes and sizes, with the design and features of the home varying depending on the package. In addition to thinking about key factors, such as number of rooms, off-street parking, etc, you should also consider more minor details, such as landscaping, fittings, etc.

    Some packages offer standard designs while others allow for greater levels of customisation. It is important to obtain a copy of the property developer's design guidelines and review this document carefully to ensure you are happy with every detail before you commit to the house and land package.

  • Quality and reliability

    In addition to scrutinising the location and design of house and land packages, it is essential to also interrogate the quality and reliability of the company offering the package. All house and land packages in Melbourne must comply with minimum building standards as required by Federal, State and local governments, however, there can be considerable difference in the quality of materials and workmanship.

    The best way to assess the quality and credibility of a property developer is to check their past experience, which means visiting homes and areas previously developed by the company. It may also be beneficial to conduct an Internet search for customer reviews and complaints.

Dot your "i"s and dot your "t"s before you sign

Before signing a contract, you should review every detail until you understand all of the clauses. There is no such thing as silly questions, just silly answers. So if you are unsure of any aspect of the contract, no matter how big or small, such as whether the beautiful stone benchtop you saw in the display home is included in the price, don't be afraid to ask.

If you have followed these guidelines closely, choosing house and land packages can be a relatively stress-free and rewarding way to find your next home. It is possible to own your dream home, but you need to put in a little extra planning to make sure it doesn't turn into a nightmare. So take your time and choose the best property developer offering the right house and land packages for you.