Turnkey vs Land & Build

Whether you are a first home buyer looking to get a foothold in the property marketing or choosing to upsize you have probably heard of house and land packages. Here is an overview of the types of house and land packages that are on offer.

House and Land

There are two main options when it comes to purchasing a house and land package. The first option is to buy the land from a developer and then purchase a home from a builder of your choice. The upside of this is that you get a personalised house design by working with your own builder.

Turnkey Fixed Price

A fixed price for land and house construction is another option. You pay one upfront price and there are no unexpected costs. Most packages include set inclusions for example stainless appliances to stone top counters, blinds and even driveways. All inclusions are set out in detail and some packages even allow additional upgrades.

There are many upsides to a fixed price house and land packages such as saving on stamp duty, choosing a customised design to fit your choice of land, getting a brand-new house with all the mod cons, and if  your buying as an investment a new home is more appealing to tenants.

Both processes require two separate contracts one for both land and construction. However, with separate house and land you will pay a builder as the stages go along.  House and land packages and turnkey fixed price are some of the most efficient and cost-effective choices when looking to purchase a home.

House and Land Advice

If you decide to go down the path of the house and land option there are ways to make the most out of your land space and also tips on how to choose the right homebuilder to meet your brief.

We Can Assist With Any Questions

Our Monument Sales Team is always available to answer any house and land package questions. Visit our range of house and land packages, here. You can contact us on 1300 040 563 or email michael@red23.com.au

At Monument Estate we offer turnkey fixed price and land packages. The Estate is just 40km from Melbourne CBD and offers a community focused lifestyle featuring leading landscape design and an abundance of local amenity.