Article by Davina Deluao
Purchasing a house and land is a major investment, which is why carefully considering all your options is highly important to make sure you’re not biting off more than you can chew. A convenient and increasingly popular choice for new home buyers are fixed price, turnkey house and land packages. As the name insinuates, these packages are all-inclusive of land, house and everything that goes with it. Once the home is built, it is ready for you to just simply turn the key in the lock and move-in. No more money to spend or work to be done.
In this article we unpacked a couple of key advantages of these types of house and land packages, and why they’re a great option for buyers looking for a straight forward, low-stress answer to building a new home.
No Hidden Surprises
If sticking to a budget is vital, having a fixed price gives you peace of mind. Fixed price packages, as the name suggests, help you mitigate the potential for budget blowouts and be well informed about all of the details from the very beginning. With fixed-price packages, you generally don’t have to worry about unexpected or additional costs popping up. Turnkey house and land packages guarantee a fixed price - no nasty budget blowouts here.
You Buy The House And Land Together
As the land and house design come together, you are able to avoid the hassle of searching for a suitable area and ensuring the lot is compatible with the house design and layout. The total amount needed for internal inclusions such as, landscaping, fencing and construction site costs, are all included in the initial price. Inclusions vary from developer to developer so just make sure you are happy with the full list of inclusions that should be provided before you sign your contract.
All In One Place
Rather than having to negotiate with a number of businesses and contractors, the property developer and builder work together in a more streamlined process that has been pre-arranged. This results in generally less paperwork, time delays and resulting stress on your end. Plus there are more resources and connections being shared to produce a high-quality home. As less inspections and appraisals are required, there is generally less time waiting between the building stage to the settlement.
Less Decision Making
While you are still able to collaborate with the builder, you’re not having to make big decisions about fixtures and fittings, layouts and appliances or getting the colour scheme right. These are pre-selected and are included in your package as ‘inclusions’. You may get to choose 1 of 2 colour schemes, your preferred floor plan and facade from a selection, but nothing too involved and stressful.
Move In Quicker
You’ll know the finish date of the build upfront. This allows you to start preparations and plan ahead for when it comes to organising how and when you can move into your new home saving money, time and stress. Once the house is finished, you can move in with no delay and with nothing more to do.
There are several decisions to factor in when securing a house and land especially, how much your budget can accommodate and how long you're willing to wait before transferring homes. For a smooth transition and gaining a complete home that's move-in ready, a turnkey property with a fixed price could be the right choice for you.