A significant benefit of choosing a house and land package over an existing build is the cost. For many contracts, you’ll only have to pay stamp duty on the land, as you can’t factor in the cost of the value of the not-yet-built house. As well as this, you’ll have a precise upfront cost set out in the contract, making it an excellent option for those on a tight budget or with pre-approved finance.
You also save time on designing a house from scratch, as you use an existing design from your building contractor.