There are two contracts involved in the purchase of house and land packages: one to build the house, and the other to buy the land. The details contained in both contracts can be quite complex, so it pays to bring in a professional to help you make sense of such information. Be sure to have a building solicitor or conveyancer explain the contracts to you before you sign.
Along with professional help, here are a few house and land package tips that you’ll need to keep in mind before you seal the deal:
- House and land packages can vary between builders, so it is important to know what you want in a house and land package before you shop around. Each house and land package will come with a different design, price, and inclusions, along with other options.
- When it comes to house and land packages, a homeowner can choose to forgo dealing with a real estate agent and deal directly with a builder. Nevertheless, engaging with a solicitor throughout the process can be helpful.
- New owners of house and land packages in Western Australia only pay stamp duty on the land and not the house. Locking in land and construction prices with a fixed contract will take care of any extra expenses that the house can incur.