How You’re Supposed to Take Full Advantage of a House and Land Package

Having a home that you can call your own is every individual’s dream. That’s why to afford to get one eventually; we all work hard to save money. No other accomplishment can pass the feeling of finally achieving the dream you have always wanted. Plus, if you end up with an investment in a house where you get to choose the design and features in it is even more satisfying. It means that you can look for something with specific paint, light fittings, floor plans, appliances and others that suits your liking. In other words, when it comes to how you want your house to look and feel, the choice is yours. That’s why, these days, House and Land Packages Adelaide are becoming the preferred option here in Australia.

 

 

Purchasing FarimontHomes new build-homes is often encouraged to buyers as it moves congestion out of already built-up areas. Plus, it promotes economic growth, which provides construction jobs and traffic to local businesses. A lot of freedom is what you will enjoy if you purchase a house and land package. When committing to a house and land package deal, you get access to several outstanding benefits, including:

 

  1. You expect lower deposits.

 

10% land loan deposit, 5% for a construction loan and only 5% deposit for turnkey packages are often the only requirements from buyers. For new build homes, some banks also offer lower fees.  Thus, to get the best deal, it is best to shop around or work with a mortgage broker.

 

  1. You have the potential of benefiting from bigger savings.

 

When purchasing House and Land Packages Adelaide, you should expect savings. The first one is the less stamp duty that only applies to the land’s value, not including the house that will come later. Compared to similar properties in nearby established suburbs, homes in new developments like FarimontHomes are often more affordable. Plus, over time, it can potentially catch up in the market value.

 

 

Moreover, compared to existing homes, there are several first home buyer grants offered by state governments with higher entitlements for new homes. Apart from that, for first home buyers, some states also cover the cost of the stamp duty on the land. No doubt, it translates into more savings.

 

  1. There’s also less maintenance once you move in.

 

Structural issues, roof damage, are only two of the numerous hidden surprises waiting to new owners of older homes. Fortunately, with a new home, this will never be a problem.  Rest assured, there will be no hidden wear and tear on the new house you will be purchasing. Plus, you, as the buyer will be covered if any major issues occur as new homes also come with warranties and structural guarantees.