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House and land FAQ
Here’s a few As to some Qs you may have about house and land packages.
Let's start at the beginning, what's a house and land package?
Basically they’re a packaged deal, kinda like Oprah and Gail … or, Sunday roast and crackling. House and land packages feature a block of land from the developer and a new home from the builder. The two components are then bundled together into one all-inclusive ‘package’. This means that you get all the deets on the full cost of your build from the start. We call this transparency smarts. Or, x-ray vision smarts.
What's included in the cost of a house & land package?
- Choice of six rendered front elevations
- Full internal wall paint throughout
- WA-made cabinetry
- Deluxe 900mm stainless steel kitchen appliances
- Choice of matt black or chrome fixtures
- 6* NatHERS energy rated design
We’ve also factored a reasonable amount in for siteworks; however, this amount is variable and subject to change.
How does buying a house & land package work?
It may feel like you need house and land PhD smarts to de-code the buying process, but it’s actually pretty simple. Basically, a builder and a developer come together to market their two offerings (house and land) as a single bundle-buy (house plus land).
These ‘bundles’ are often more attractive to buyers as it takes the guesswork *cough, stress work* out of building a new home. Sure, they may be marketed as a bundle-buy, but house and land packages involve two contracts at the time of signing. Only a builder has the right to sell you the home and only the developer has the right to sell you the land. H&L PhD complete. Simple.
Are house and land packages cheaper? Fill me in on the savings
Yep, you’re onto it. The savings smarts are hard to ignore with H&L packages. It all starts with buyers (aka, you) knowing the full cost of their home from the start. You also get the best possible price for the house AND the land, without the hassle of negotiations. Oh, and stamp duty only has to be paid on the value of the vacant land. It’s a pretty sweet set up!
What’s the deal with negotiating on house and land packages?
Well, the deal is … there isn’t one. Unfortunately house and land packages can’t be negotiated as they’re fixed cost bundle-buys. Wait, don’t cry. Each component (the house and the land) has already been negotiated down to its BEST price by the parties involved (the builder and the land developer). This means that it’s already presented to you in the most attractive price package possible. What can we say, everything we do is for you, boo.
Do I have to pay stamp duty on house & land in WA?
Yes, but only on the land. Better yet, you only have to pay stamp duty on land valued over $300,000. So, if your block is valued under that amount – which is very possible when purchasing from WA’s new estates – no duty is payable. Score.
Are house and land packages eligible for the $10k FHOG?
All our house and land packages under $750,000 are eligible for the FHOG. So, if you purchase one of these – and meet the seven criteria req to receive the $10,000 First Home Owners Grant (FHOG) – the money (and stamp duty savings) are yours, all yours.
Can you create a custom house & land package juuust for me?
*If you’re not sure of the budget, our in-house finance smarties, Loan Co, can help you out obligation-free.
*Advertised adjusted price includes $10,000 First Home Owners Grant (eligibility criteria applies). Terms and Conditions apply. Smart Homes for Living (Smart Homes), Building Contractor Number 10805 is part of Ventura Home Group Pty Ltd. Smart Homes is not the owner of the land and cannot guarantee its price or availability. Smart Homes has been authorised by the landowner to advertise the land as being available at the purchase price specified. The price advertised is an estimate of the costs to build with Smart Homes and separately purchase the underlying land from the owner of the land. The estimated price is therefore subject to change once all site works plans are completed and the current market value of the land and other relevant costs are taken into consideration. The elevation and images depicted in this advertisement are solely for illustrative purposes and are based on display homes, and may include features not included in our standard building contacts. The information and estimated pricing is correct at the time of posting, but subject to change without notice. Please read the terms and conditions on our website for further details.