3 Must Knows Before Picking your House & Land Package In Brisbane
July 28, 2023
Location is the first and foremost factor to consider when choosing house and land packages in Brisbane. After all, you want to build your dream home in a safe and conducive environment. There is a plethora of locations in Brisbane to choose from. If you’re looking for newer or developing locations, we recommend exploring some areas such as Springfield, South Ripley, Yarrabilba, and Shoreline Redland Bay. However, before settling for any location, conduct thorough due diligence to understand the proximity of key areas such as commercial hubs, schools, hospitals, public transportation, and upcoming infrastructure projects.
Find your budget
One of the critical considerations you need to make before purchasing a house and land package is the price. You need to establish how much you can afford and are willing to spend to avoid overspending or oversaturating your budget. It is, therefore, advisable to speak with a mortgage broker or lender who can help you understand your borrowing capacity. A pre-approval from a bank of your choice can also help you get more prepared. Mortgage brokers are a great way to highlight various loan options and help you compare different banks. By shopping around, you can find the bank that offers the best terms and conditions for your needs.
After establishing your budget, you can start browsing land estates in Brisbane that are within your reach. Moreover, take note of the future growth potential in the surrounding area. You can research the suburb on sites such as realestate.com, which provides valuable insights such as property values, median growth figures, population, and rental costs. Additionally, consider an area’s master plan, as well as any existing or planned transport, infrastructure, and schools. Assessing these factors will give you an idea of the value of the location and the potential growth in your investment.
Learn about future value
Another factor to consider when purchasing a house and land package is the demand in the area. Areas that are growing or are in high demand will likely provide an excellent return on your investment. However, don’t forget to consider local amenities such as shops, healthcare services, sporting clubs, parks, and other local services and facilities that add value to the area and can make the difference in making your home more desirable. The region needs to be attractive to potential buyers in the future, and also meet your needs for while you live there.
Consider the potential resale value of the home before buying a house and land package. In other words, consider the design and layout of the home. Research what people are looking for in homes in your area, such as the number of bedrooms and bathrooms, open-plan living, entertainment areas, and so on. A beautiful and functional design can add considerable value to your investment. And your choices about fixtures and fittings can also add considerable value to your home and your lifestyle.
House & Land Options
One of the first considerations when purchasing a house and land package is whether the package is turnkey or non-turnkey. A turnkey package typically includes everything required to build your dream home, including site costs, driveways, landscaping, and interior finishes. A non-turnkey package, on the other hand, may not include these additional costs, which can make the final price unpredictable. As a first home buyer, a turnkey package may be a better option as it guarantees that all the necessary costs are considered and included in the final price.
Some house and land packages come with preset designs, which don’t allow for much customisation. However, it’s important to remember that many first-time buyers are also looking for homes that reflect their personal style and lifestyle. Bella offers house and land packages that can be altered to allow for customisations and floor plans. This means that buyers can choose the home design that best suits their needs and preferences.