There are certain concerns when you buy a vacant lot compared to buying a house and land package. You have to build a house from the ground up and this would entail a certain level of commitment and skill. Before you get started you’ll want to look into financing your new home. On the bright side, you would have everything in your preference. Your house is customized to your own specifications.
However, building a house from scratch is as tedious as it sounds. If you are not ready to commit, there are already house and land packages. While you have already seen land for sale around Whittlesea, try to assess the benefits of buying house and land packages, and have fun as you go along.
Cost and Location
There are many advantages when you buy a pre-built home. There would be a lower initial cost since you do not have to pay for an architect to design the house. Starting from the ground up entails a commitment to the project and requires you to be very clear and detailed about what you want.
Another advantage is the location. The reality is that many of the available locations in urban areas have already been purchased by realty developers as projects for their housing communities. They have the same priorities as you do—near a school, near the supermarket, a safe and secure area, and they have the resources to acquire them. You narrow down your choices if you seek a vacant lot. Some realty firms sell vacant lots, but this does not happen very often. You can also seek help from professionals like Jason Cohen Nexus Real Estate who can offer you the best deals in the market.
Since this is a planned community by a recognized developer, you can be assured of the proper suburban planning and zoning. You would know that the land was specifically prepared for residential houses. That said, it is already a developed community with police and security arrangements, free from environmental hazards that are not permitted near residential areas. There are provisions for parks and playgrounds, with family-friendly restrictions such as speed limits being implemented.
Personalization with Peace of Mind
Contrary to what is usually presented, there are also options for personalization for ready-made houses. There are builders who can work with the buyers and they can be given options to personalize the house, which could include the floor plan of the interior, placement of the walls or divisions, and even the floor tiles. There could also be inputs on the colors, kitchen design, and the bathroom fixtures.
You can still have a fun home-buying experience, and if you purchase from a trustworthy developer, you can also be assured of proper insulation and be at peace that all necessary precautions are in place.
Buying a house and land package can give you clear terms of financing and payment. In contrast to building your own house, there are stages of cost to consider, and there could be different terms for each stage.
For the house and land package, both contracts are lumped together in a bundle and there is a fixed price for both house and lot. This makes the process especially straightforward if you need to get hard money loans with Pine Financial Group, as there will be fewer areas to divide the money into, thus making it a quicker process. The financing is delegated to the property developer and usually, they would let you or your tenants move in right away.
With these advantages, choosing a home can now be fun as you can just choose from the top developers in the land. Planned communities usually have arrangements for security and comfort and that is something you can also enjoy.