There are several types of properties available in the market and this includes the house and land packages as one of the options. For anyone who wants to purchase a new house, this particular type of property is indeed going to be one of the major options for the house buyers. Here we would discuss some of the basic information regarding the house and land packages which would help you understand this better and eventually facilitate you in making an informed buying decision.
House and land packages explained
This has almost become a trend in the real estate industry that the new home construction is being undertaken by the renowned property developers after purchasing the land. The developers would first build the infrastructure, water, sewage & roads and then opt to adopt any of the following:
Build the properties on the purchased land & then sell them as a full house and land package.
Offer standard or customizable home designs so that the buyers have the option of choosing that particular section of the land they want and build their new home on the land.
One of the major benefits of purchasing a house and land package is that you completely ensure that you purchase a property which suits your needs exactly. Purchasing a brand-new property is quite expensive and you need to invest more amounts to build a house on that land. So, it is better to go for the house and land packages provided by the developers because you can find your preferable land in their community.
They are mostly designed a large area into some small lands, and they can offer you some additional benefits. For example, if you want to purchase freehold land and build a house then you need to take permission from the municipality for purchasing the land and building the house separately. But if you purchase the house and land packages from the developers then you do not need to take such permissions from any authority.
Developers have already purchased the land with the permission of the municipality, and they sell the land with multiple plots. You can choose your plot according to your preferences and you can design your house by the same developer. Additionally, you do not need to invest any additional amounts for electricity supply, sewage system, irrigation, rainwater harvesting system and water lines. The developer will include all these facilities in their land, and they can offer you all such infrastructure at minimum costs.
Finding the best house and land package
The house and land packages are usually marketed to a certain type of buyer only. The property is being branded by a builder with a theme like a retirement village, eco-village or probably a golfing estate. There are also few subdivisions which end up providing opportunities for the very first-time property buyers and also investors.
There are various ways by which you can find a house and land package. You may preferably approach a developer directly or opt to check the advertisements on the top real-estate sites. Even such developers have also added some commercial plots in their land, and you can find all facilities within their community such as shops, medicine stores and shopping malls.
You clearly have an option of customizing a house and land package and build a house according to your plan or else you may also go with the optimal design which the builder has already planned.
You have control over your budget, and you can explore the financing as well as the loan options which are available in the market and developer can assist you to get the loan from their approved lenders.
So now you can search for the best house and land packages online and choose the best for your dream house.
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