Know What You’re Getting Into When Choosing Affordable House And Land Packages

By Author: Jayden Smith
Total Articles: 19
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More often than not, first time purchasers of homes find a builder or developer close to their neighborhood, possibly one that recommended by their friends or acquaintances; or if not, somebody whose name rings familiar. And that’s the extent of work they are willing to exhaust. They just leave everything to the developer as long as they have the assurance of owning cheap house and land packages. But of course, repairs due to poor quality materials and substandard workmanship will cost them more in the long run.

What is the package?

Perhaps the most crucial in your search knows the package offered by the developer or builder. What might seem to be affordable house and land packages at the outset is fool’s gold because of the hidden charges. You can choose to purchase the land first but then you will have to pay about 10% of the total cost and pay the rest on installment basis; the second is to purchase the house after it has been build on the land the builder owns. With this choice, you will pay 5% down payment and the full payment before moving in. But there’s a stamp duty involved which will impact on the ...
... final cost.

Making the deadline

What is your guarantee that the builder will make the deadline? Does the clause have what is known as “liquidated damages”? This type of clause will mean the builder will compensate the buyer for any damage if there are delays in the construction time frame the developer himself has specified.

Not everybody will offer this for obvious reasons because the developer will run the risk of incurring losses. But the best house and land packages have some kind of protection for the buyer even if it might not come in the form of liquidated damages, at least there’s some type of guarantee that the builder will keep true to his word.

No disappointments

Did you experience going into a fast-food chain and the order delivered to you is disappointing compared to the photograph on the menu? It’s the same with some builders where their display houses feature top of the line materials and furnishings but the home delivered to you is not quite the same. This is a common practice with some developers and even if somebody complains, they have ready excuses. That’s why the first step in choosing the best house and land packages is finding the right developer for you.

Author Bio

Author is a diverse corporate writer, editor and marketer with years of experience. Currently sharing information on best house and land packages and new house and land packages. For more info visit us at:- http://www.berstanhomes.com.au.