Top 5 Reasons to Buy a Home and Land Package
Are you considering buying a home and land package in Sydney? Deciding what type of home to buy is often difficult, with many pros and cons to explore for each option. If you’re thinking about house and land packages in Sydney, here are five reasons why we think they’re the best option for many people:
1. Stamp duty is paid only on the land component.
When purchasing a house and land package in NSW, home buyers in Sydney must only pay stamp duty on the land component. This benefit arises because the government considers the construction costs part of the home’s purchase price.
In contrast, when purchasing a traditional home, home buyers must pay stamp duty on both the land and the house itself.
Stamp duty is a tax that the government levies on certain property transactions. The amount of stamp duty that is payable depends on several factors, including the value of the property and the type of transaction. Home buyers generally expect to pay several thousand dollars in stamp duty when purchasing a home. However, by choosing a home and land package, home buyers in Sydney can save money on this tax. This exception makes house and land packages a cost-effective option for many home buyers, especially those on a budget.
2. You can choose a home that suits your preferences.
When you buy a home and land package, you are not only buying a home but also the land it will sit on. This subtle difference allows you to choose a home that suits your preferences in terms of the plot and the exterior facade.
If you have a particular vision for your home, you can work with the builder to find a home design that meets your needs. Alternatively, if you prefer a more hands-off approach, you can select from a range of preset options. Either way, with a home and land package, you have the flexibility to choose a home that is perfect for you.
There are a couple of different house and land packages available in Sydney, such as:
- The turn-key home and land package, where you buy a home that is already built and ready for you to move in.
- The off-the-plan home and land package, where you purchase both the land and the house before construction.
Each type has benefits and disadvantages, so it’s essential to do your research before making a decision. With a home and land package, you can have your dream home without all the hassle of having to organise everything yourself!
3. You can design home interiors you love.
A home and land package in Sydney allows you to design home interiors that you love. You can choose the house’s final colour scheme, accessories and finishes.
Some of the typical options given to home and land buyers include the ability to select different flooring materials, wall colours, lighting fixtures and even appliances. Working with a professional home designer allows you to create a space that is uniquely yours and reflects your personal style. In addition, a home and land package will enable you to take advantage of special deals and discounts that are only available to package buyers. This added benefit can save you thousands of dollars on the purchase price of your home.
4. Adjustments to the design are often possible.
A house and land package in Sydney can be a great way to get the home you want while also getting a little extra land. One of the great things about home and land packages, especially those with excess land, is that they are often adjustable.
In other words, as you move through the buying and construction process, you may be able to make subtle changes to the design of your home to suit your needs. For example, if you need an extra bedroom or want to change your home’s layout, it may be possible to make these changes without having to start from scratch.
This flexibility can be a great benefit, especially if you are working with a limited budget. So if you’re considering buying a home and land package in Sydney, be sure to ask about the possibility of making subtle design adjustments prior to signing your contract.
5. You become part of a new community.
Many people buy a home and land package in Sydney to become part of a brand-new community. This community aspect has many benefits, as it can offer families a sense of belonging and connection they might not find in other parts of the city.
Often, people who buy a home and land package in a new development have access to better amenities and facilities than in older, established suburbs. This perk can make a big difference for families with young children who want the best amenities on their doorstep.
In addition, new communities are often more vibrant and lively, which can be an excellent option for those looking for an active lifestyle.
In summary, moving to a new community can be a great way to meet new people and make new friends. Whether you’re looking for somewhere to raise a family or are just ready to be part of something new, buying a home and land package in Sydney comes with various community-based benefits.
If you’re still on the fence about purchasing a home and land package, we hope this article has helped to sway your opinion. There are many benefits to buying a home and land package instead of purchasing them separately. One of those is that stamp duty is only paid on the value of the land — not the entire purchase price. This benefit alone can save you thousands of dollars. You also have control over every aspect of your new home, down to the smallest detail, with adjustments often accommodated without too much trouble. Finally, when you buy a home and land package, you become part of an exciting new community alongside other people who share your values and interests.
When it comes to house & land packages, Champion Homes is a great choice. Our Freedom House and Land packages deliver you more home for less work, providing you with a range of high-quality design choices for single storey, double storey, corner lot and narrow lot options, all of which come packed with more inclusions for fantastic value.
And with our extensive experience in building house & land packages throughout Sydney, you can rest easy knowing that we’ll deliver you designs & quality you can trust.
If you’d like to learn more, contact us to set up a free, no-obligation consultation with one of our dedicated H&L specialists.