If you’ve been looking into building your dream home, you’ll know that it comes with a long list of things to check off. You need to set a budget, choose a block of land, design your home, find builders and secure finance.
Instead of buying vacant land and looking for a designer and a builder to create your home, you can opt for a house and land package. It’s a cost-effective and convenient approach that will cut out a lot of the stress that comes with building your own home.
A house and land package is a bundle that is usually sold by property developers as a two-in-one deal: the vacant block of land and the cost to construct a house on it.
But, as is the case with any property venture, there are a few disadvantages that need to be considered when determining whether a house and land package is the right option for you. So, we are here to help you weigh up the potential pros and cons of going this route.
We’ll break it down for you.
00:00 – Intro
00:20 – Overview
01:41 – Benefits of House and Land Package
02:50 – First-Home Owner Grant
03:25 – How to Save on Your Property
03:50 – Disadvantages of a House and Land Package
05:20 – Final Thoughts
Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.
Video produced by Social Wave