Find your happy place: 25,000 reasons first home buyers should consider house and land packages
- Written by News Company
While buying your first home is an exciting time, it can quickly turn into a ‘tear-your-hair-out’ experience as you get bogged down trying to find the right property for the right price. That’s why many first home buyers are taking advantage of house and land packages – especially with all the newly announced government incentives out there.
A house and land package combines everything in one simple process. With Pindan you buy the land through us, and then match it with one of the home designs we’ve tailored to suit your unique lot. And the best part? You’ll be rewarded for doing less!
Here are our top 4 reasons why first home buyers should consider a Pindan house and land package.
1. You could cash in on the $25,000 HomeBuilder grant
This is really exciting news. In a massive boost to the construction industry (and potentially your future), the Federal Government is giving eligible Australians $25,000 to build new homes. The ‘HomeBuilder’ grants will run until December 31 this year and have already sparked a flurry of new home purchases.
To be eligible, you must:
* Earn less than $125,000 per year (singles)
* Earn less than $200,000 per year (couples)
* Spend between $150,000 and $750,000 on your new home
* Live in the home you build (as an owner-occupier)
* Enlist a licensed builder – which we are!
* Commence construction of the new home within three months of the contract date.
For full details on the HomeBuilder grant, click here.
In addition, each state or territory is offering additional builder bonuses plus first home buyers grants – check the state or territory you intend to purchase in here.
2. You will save on stamp duty
One of the biggest upfront costs of buying a house is stamp duty, a tax levied by the government of whichever state or territory you purchase in. The big difference between building and buying is how the tax is applied.
When purchasing an established home, the stamp duty is calculated based on the combined price of the house and land. On the other hand, when you purchase a Pindan house and land package you only pay stamp duty on the value of the land portion, which is likely to be significantly less.
This could potentially save you thousands of dollars that could be used to furnish your new home or spend on a holiday.
3. The hassle is taken away
Buying an established house involves constantly checking listings on real estate websites, attending home opens, booking inspections and just generally feeling edgy at the fear of missing out. Even if you’ve decided to build, finding a home design that will suit the block can be tricky.
With a Pindan house and land package, each home design has been selected to maximise the orientation and lifestyle for that specific block of land. You know the combined price of your home and land from the outset and it is a fixed amount contract. What’s more, your property is compliance-checked with the council, meaning you can get construction started sooner.
4. You get a brand new home
You’re not just a first home buyer – you’re the home’s first owner too! That means you’re the first to hang artwork, first to take a shower, first to fill the cabinets with kitchenware, first to run the dishwasher and air-con. Everything is brand new, clean, fresh and unused, with modern colour schemes and upgrades that you get to choose.
This is your chance to stamp your personality on your place, as well as a clean slate to care for your asset the right way, right from the start. No renovating, repairing, replacing or repainting. What’s more, many of Pindan’s house and land packages in Perth are ‘turnkey’, with everything fully finished and move in ready.