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Are house and land packages a good first investment?

Investing in land and property is a classic first investment for many people because it’s so easy to do and offers good returns, but there are so many options for where to invest your hard-earned cash that it can be hard to know what is your best choice.

Rather than choosing to invest in a pre-built rental or an off-plan development, what about buying a house and land package instead?

House and land packages get you a plot on a promising development with infrastructure in place, where you get to specify the house that gets built. Let’s take a look.

More control over the specifics

Because you get to specify each element of the house that you’re having built, you get to tailor it perfectly for the rental or selling market that you’re going after. 

You might have a demographic or price point in mind, and being able to decide everything about your new house allows you to tinker until it’s absolutely perfect from a return on investment perspective. 

Whether it’s a high spec luxury home, a home that emphasises value for money, or a home that’s perfect for families, you’re in control, and you don’t have to make any compromises.

Close access to modern amenities

Everyone knows that buying a house means balancing the house itself with the area it’s in, and even the nicest house is a bad deal if it’s miles from anywhere or has no amenities.

With a house and land package, the house is built on a planned and manicured site that is deliberately close to schools and shops while also having all the amenities you’ll need, like gas, high-speed internet and sewerage.

That makes it super attractive to buyers or renters and means you’re far more likely to get the price you want for your investment in a decent timescale.

A Shopping Precinct in a newly developed area built off of house and land packages
House & land packages are deliberately built close to amenities - Source: Australia247

It can save you money

It might seem counterintuitive, but building a house from scratch on new land can actually save you money in the long term, even if it seems like more work.

While an existing house may already have a lot of the elements you want in place, any builder will tell you it’s much harder to retrofit an existing house than to start again from scratch.

This also makes it more expensive, so if you want something that many older homes don’t have, it can cost a lot more than it would to just build it from scratch. 

You won’t have to employ an architect, and you won’t have to do any more work down the line because it will already be perfect.

You’ll also save on maintenance and efficiency too because everything will be new and will last a long time without having to be replaced. 

Want to learn more about house & land packages?

Learn more about why house & land packages are perfect for first time buyers In cairns

Don't wait to invest in your future

If you decide to take the plunge and make your first investment in a house and land package, it’s a great choice to go with the most helpful and experienced builders out there.

At Michael Hoare Builders, we can make your property dreams come true, for a greater return than you thought possible!

Give us a call on 0409 563 123 or contact us online today to speak to someone from our friendly team