“Want to purchase a house and land package? Research carefully on every piece of real estate you are interested in. These 4 useful tips will help you get the best property and estate deal ever.”
In near future land prices will increase considerably. So it’s a good idea to invest in house and land packages in new housing estate now. These packages are an excellent way to acquire a plot of land along with a residence. But remember, some of them are not ideal for investment too. Make sure to research on every piece of land your interested in before making the final deal. Here are some useful tips that might come handy in your search for an ideal home.
1. Do the research based on new established benchmark
With so many house and land packages to choose from it is indeed a tough job to choose the right one for investment. Start by considering the new established benchmark. For instance, if an old property is worth $280,000 and a new property in the suburbs with similar scale is worth $3000, 000, the NEB variation is low at $20,000. The new property is then better to buy as you cannot add value to the old property through renovation in order to compete with the new property.
2. Search for premium locality estates
While searching for house and land packages, always go for premium localities popularly known as the “blue-chip “areas. When the government releases land in the suburb areas, usually top level of developers who have been waiting tries to dominate the landscape. After this, they allow small builders and developers to control the land in their estate, as well as sell them. To avoid the risk, some major landowners sell the land and house packages to developers who only deal with investors. This often results in a neighbourhood full of tenants rather than house owners. Remember, a non-family environment can decrease your profit potential. So choose an area where landowners and developers are targeting only owner-occupiers rather than tenants. House-proud neighbourhood takes better care of the area than non-permanent tenants. Hunter Valley house and land packages in the high-class coastal area of New South Wales are a place to look out for. You can also try out Huntlee house and land packages in the same area.
3. Ensure the quality of the housing estate
Investing on a dream home is perhaps your biggest decision. It involves all your savings and more. So you cannot take it lightly. Once you’ve chosen the perfect location and plot for yourself, make a list of amenities that you are getting. Since your house will represent the quality of your lifestyle, the standard of the housing estate is also important. Make sure that the estates are well planned with parklands, walkways, schools, hotels, shops, clubs and a grand entrance.
If possible ask your builder to give you a list of his previous clients. A good developer will be happy to provide you with that. You will get an idea about the builder’s work process and commitment by directly speaking to the past clients. You can also visit the developer’s recent projects to get an idea about the quality of his work.
4. Cost estimate of the package
Now it’s time to close the deal. After finding the perfect house and land packages NSW it’s time that you know it's worth. Your builder must be able to provide you with a cost estimate that should be stipulated in a contract benefiting both the parties. Do not forget to thoroughly check the contract for any hidden costs. Feel free to ask your builder for clarity or change.
I hope these essential tips will help you get the best package. Don’t be afraid to ask questions.Keep a tab on the proceedings so that your expectations meet with the builder’s vision.
Author Bio: Terry Fowell is the CEO of a real estate company dealing with house and land packages NSW. In this article, he tries to explain the basic queries that you need to have before investing in these type of deals. He also mentions about the booming Hunter Valley House and land packages and Huntlee house and land packages.
