When it comes to purchasing a home in or around the Melbourne area, there are a few key options you can choose to explore depending on your preferences. Many people just purchase a home without any consideration for the land that it sits on. Others choose to purchase a block of land first and then worry about building a home separately. One technique that is gaining popularity in recent years involves purchasing a house and land package from a quality home builder like Mimosa Homes. House and land packages in and around the Melbourne area are an attractive proposition for a wide range of different reasons.
What are House and Land Packages?
A house and land package from Mimosa Homes, as its name suggests, is where a developer has bundled together both a block of land and the house that will eventually sit on it. As the homeowner, you get the benefit of being able to select the land based on your preferences, at which point you can then pick from a number of pre-existing or customized designs from which to build your house. In most cases, a house and land package literally consists of two basic elements: you’re buying the land outright and are also paying the cost to construct and own the home as a part of the same deal.
One of the major reasons why house and land packages are so popular has to do with their flexibility. Finding the home of your dreams can be difficult to say the least, especially if you have something pretty specific in mind. With a house and land package, however, you’re taking complete control over every last element in the equation – including the environment. Provided that you’ve found the right piece of land, you can build the home of your dreams on it with little to no issue. The sky is truly the limit in this situation.
You can also pick a house and land package in an area that you truly enjoy. At Mimosa Homes, we offer house and land packages in well-developed neighbourhoods that are close to shops, public transportation and more. Anything that you need you will most definitely be able to find.
Benefits for Investors
If you’re looking to purchase a home that you will then rent out for the purposes of investment, house and land packages have a number of very clear benefits over buying an existing home outright. For starters, you get to build a brand new home from the ground up and it has been proven repeatedly that a new home will always attract better tenants than a pre-existing home. Secondly, you can save thousands of dollars almost instantly due to the fact that you don’t have to pay stamp duty on the home (because it doesn’t technically exist yet at the time of purchase) and are only paying on the line, thus making your investment propositions even more attractive as early in the process as possible.