One of the most straightforward ways to build a new home is to purchase a house-and-land package.
House-and-land packages are usually offered by developers that have bought large areas of land and subdivided it into smaller lots to create a housing estate. These are often located in new suburbs, which are usually found at the edges of cities, in smaller regional towns, or in areas that were once occupied by rural properties. Sometimes, although less often, new suburbs are created when former industrial land closer to the city centre is converted to residential.
House-and-land packages are often created with a specific block of land in mind, with the house designed to best take advantage of the orientation of the lot. Alternatively, buyers may be able to select the exact block of land they want, choose from a range of approved designs, and customise the home to suit their needs.
When creating a new housing estate, developers usually create new roads and install services like water, electricity, gas and sewerage. Homes usually already have development consent, meaning minimal delays before construction can commence. Some homes are offered already built or under construction, meaning all a buyer has to do is move in.
Prices for house-and-land packages are usually fixed, meaning buyers won’t have any unforeseen costs during construction. These homes are usually more affordable than a custom-designed home because builders are usually constructing many homes in the one area at the same time, and can work more efficiently and quickly. Because house-and-land packages are often further from city centre, prices can be quite affordable compared to new and existing homes in inner suburbs.
Source: Domain Website.