MyPackage.com.au was launched in 2006 as a dedicated address for all things "new" in property. You will discover a huge selection of House and Land Packages to suit every lifestyle need.
Here it's easy to compare options from a wide selection of Home Builders offering New Home Packages across Melbourne's new Land Estate locations and on blocks of land and small developments in established suburbs.
A House & Land Package is a term used loosely with different meanings, but essentially it's the purchase of a new home either to be built of newly complete on a specific block of land. To understand more refer below "More about House & Land Packages". As you progress through the stages of researching your new home you will work towards understanding important things like; your budget, suburbs of interest, home design requirements and wish list, land size, time frames, builders of interest, display homes to visit etc.
Life's better in a brand new home... but take the time to research and ask lots of questions and ensure your new home perfectly suits your family needs. Its most rewarding, enjoy it.
More about House & Land Packages
1. Where to Build
Explore the regions around Melbourne and then narrow down your search to preferred suburbs within regions of interest. You may wish to perform a land search and explore land estates in each region and then explore House & Land options from builders in those new land estates.
2. Which Home Builder
Choosing the right Home builder is a most important decision. You need to select a builder who has a good reputation and builds a good quality home. But that is only part of the decision. Some home builders will simply be better suited to your needs on other important things like time frames, budget, flexibility and design changes etc. Its a decision where you need to weigh up lots of different things depending on your priorities.
3. Which Home Design
Most people struggle to visualise what a home will look like by simply looking at a 2 dimensional floor plan. It's well worth visiting display homes and villages to really get a feel of the type of layout and floor plan design that will suit your lifestyle needs. In display homes you can get a feel for a homes size i.e. 23 squares and compare this to your needs. Display homes also prompt you to think about fit out options and the different standard levels of inclusions each builder offers in their price. Visiting display homes will educate you on the questions to ask when considering House and Land Packages.
4. Time Frames
Every builder will vary in this area. Consideration to when the land is available to be built on, known as "title release date" should be factored into which package you buy. If you need to move in quickly, these is no point selecting land that is 6 months away from title release. Some builders will also provide a quick build time frame, whilst others will provide a guide only in how long the build will take.
When comparing builders, its important you compare apples with apples. To do this you will need a carefully review the total prices of very similar homes from different builders. Ask to include accurate estimates on everything, including floor coverings, site costs etc. You should also consider the build time frames and its impact on interest repayments and any additional costs. One aspect of the total cost that is sometimes a little more difficult to understand up front is the site costs component. Ask the builder to explain these and whether they can be fixed or are variable etc. Generally sloping blocks or land on lower soil classes will have wide varying cost components. Its just important you are able to factor these into your budgeting.
6. Payment Process
The type of House and Land Package being offered will impact the payment requirements. Ask questions about whether a deposits are needed for the block of land and the build and when progress payments will be due. Its common for some packages to require deposits and progress payments, whilst others may require only a deposit and payment on completion etc. Talk your lender about these options and your needs.
7. Which Block of Land
After you have explored different regions, then suburbs and the land estates within the suburbs, it gets exciting when its time to decide on a specific block of land. In the case of a House and Land Package what's really important is that the block of land complements the home. Consideration to outdoor areas, sun orientation, site costs etc should be considered carefully.
Understanding these 7 points above will provide you with a solid footing. Remember one of the benefits of building is that it provides a range of options to ensure the process and end result matches your needs perfectly, enjoy it.