With so many real estate options popping up across the country, home and land packages are quickly becoming the go-to option for first-time home buyers. There is a reason why land and house packages are being snapped up, whether you are a young family, a single person, or a first-time investor looking to develop your portfolio.
What are land and house packages?
House and land packages include both the physical land and the newly built house on top, which are offered in a single transaction to customers under two distinct contracts. You can see how much each product costs on its own this way. The house is constructed on freshly acquired property in order to give housing alternatives that are of high quality and visually beautiful – and, in many circumstances, far more inexpensive than an established dwelling.
So, what is it about house and land packages that make them so attractive first-time investments? This is why:
The Perfect Home Design
When it comes to land and house packages, you can choose the land for your home based on your preferences, as well as a finished home design that suits your requirements. You can even change certain aspects of the design. This means you can collaborate with your builder to design a home that meets your specifications.
If you are looking for house and land packages in Brisbane, click here to find out more.
Stamp Duty and Tax Benefits
A house and land combo provide tax advantages. If there is no house on top of the land, no stamp duty will be applied. As a result, you will not have to pay stamp duty on the property and house in one transaction. This will help you to save more money and earn more money to supplement any house design concerns you may have.
In addition, the Federal Government just announced the new Homebuilder Grant. This is an unlimited, time-limited program in which qualifying persons can earn $25,000 to construct a new home or remodel an existing one. The contract must be executed between the 4th of June and the 31st of December 2020, and you must plan to be an owner-occupier.
To be eligible for the new Homebuilder Grant, you must meet a number of requirements, including:
- You are a natural person, not a corporation or a trust.
- You are at least 18 years old and an Australian citizen.
- The property you want to buy cannot be utilized as an investment.
- Meet the annual income limit of $125,000 for an individual or $200,000 for a couple (based on 2019-19 tax returns or later)
Easy to care for
House and land bundles are also recognized for their inexpensive upkeep. Older homes frequently require a lot of attention, including regular painting and, in certain cases, restorations if the foundations are deteriorating.
Because these homes are brand new, they will be outfitted with brand new fixtures and fittings, providing you less to worry about and reducing care. You’ll have more possibilities to spend time with your family at your new house.
There is a wide choice of magnificent homes for you and your family to enjoy whenever it comes to house and land packages that are excellent investments. We’ll assist you in locating the ideal one that falls within your budget while not sacrificing quality.