For many Australians wanting to build their dream home, the idea of starting from scratch can make the task seem somewhat impossible. Fortunately, house and land packages are simplifying the process. Combining the purchase of land with a customised home design simplifies the homebuilding experience, providing homebuyers with a convenient and cost-effective way to secure a brand-new piece of property.
If you’re considering investing in a house and land package for the first time, understanding what to expect is critical for a streamlined process. In this blog post, we’ll explore everything you need to know about house and land packages in New South Wales.
What is a house and land package?
A house and land package is a housing product where buyers purchase a block of land and then select a home design to build on it. Typically provided by developers or builders, these packages are designed to simplify the process of building a new home by bundling the land and construction contracts into one streamlined product.
Buyers can often choose from a range of pre-designed homes or customise their design to suit their needs and lifestyle. These types of homes are particularly attractive to first-home buyers, families and investors who prefer a hassle-free path to homeownership.
Acquiring a house and land package — how does it work?
It might surprise you that purchasing a house and land package isn’t all that different from building a home on your own. To give you an idea of what your house and land package build may look like, we’ve broken the process down into five steps:
- Choose your land
The first step is selecting a suitable block of land. We developers offer land in planned communities, often located in desirable areas with access to amenities such as schools, parks and shopping centres. Mellross Homes has a range of excellent options for land for sale in Young, NSW, where peaceful living meets modern convenience. - Pick a home design
Once the land is chosen, you’ll select a home design. Our builders offer a variety of layouts and styles, ranging from cosy three-bedroom homes to spacious, family-friendly designs. We also allow you to customise the design, selecting finishes, fixtures and optional features to create a home that truly reflects your taste and style. - Sign the contracts
Depending on the developer’s process, a house and land package may involve two separate contracts: one for the land purchase and another for the home’s construction. This division simplifies the process and ensures clarity in your financial commitments. - Finance the purchase
Most buyers use a construction loan to finance their house and land package build. This type of loan initially covers the cost of the land and then provides funds in stages as the home is built before transitioning into a standard home loan. - Begin construction
Once all contracts are finalised and approvals are secured, we can begin construction. While the timeline varies depending on the complexity of the design and external factors, as a Mellross Homes client, you’ll receive regular updates on the stages of your build so you’re never left in the dark. Whether you’ve chosen land for sale in Young, NSW or are building in Canberra, Mellross Homes will treat your dream house with the care it deserves.
Mellross Homes — the go-to choice for building your dream home
When it comes to finding the perfect house and land package, Mellross Homes is proud to be a trusted leader in the industry. With over 40 years of experience, we offer an exceptional range of land for sale in Young, NSW and stunning Canberra houses for sale.
Our team will be with you every step of the way, ensuring you receive a home you’ll cherish for years to come. Explore our house and land packages today to discover a diverse range of home designs.