Investing in a home in New Zealand is a significant decision that requires careful consideration and a close look at various home purchasing options. Investors can choose from to purchase a house and land package or buy land and build the home separately. Each option comes with its own pros and cons, making it essential that prospective homeowners gain an in-depth understanding of each approach and how it could potentially benefit them. In this article, Stonewood Homes discusses building vs buying a house to help you make the right decision for your future.
What is a House and Land Package?
A house and land package is a combined deal offered by real estate developers. It means that you purchase a predetermined parcel of land with a pre-designed or custom home. The main attraction of house and land deals is that they give you access to new subdivisions, exciting new residential areas, and a home building process that is smooth and streamlined.
What are the Benefits of House and Land Packages?
Investment in house and land packages come with a range of benefits that make them extremely attractive to all types of investors.
- A house and land package allows you to work with one builder who oversees everything from construction, to managing contractors and dealing with suppliers.
- The package involves a fixed cost that is bound by a contract. This reduces the risk of budget increases even during times when material and labour costs fluctuate
- Pre-approved designs and established supply chains make it possible to get a fully customised house built within a fraction of the time it usually takes
- House and land builders deliver homes that are compliant with the latest building codes and standards.
- Investment in house and land packages could give you access to government grants and loan schemes for new builds
Benefits of Buying Land and Building Separately
Buying land and building a house could be the ideal option for investors who are looking for:
- A fully customised home that they can build exactly the way they want
- Greater flexibility when it comes to choosing where to build
- Having control over how funds are allocated lets homeowners enjoy greater budget flexibility
- By choosing your own plot and building a unique home, it is possible to get a higher long-term valuation on your home when it comes to resale.
Looking for in-depth advice on building vs buying a house from expert home builders? Contact Stonewood Homes today.
Buying Land and Building a House in New Zealand
Whether you’re an experienced investor or a first time home buyer, choosing between house and land packages and building separately is a matter of lifestyle priorities, investment goals and ease of building. Contact Stonewood Homes today for expert advice on choosing the most suitable option for you.
