Guide to Buying a House and Land Package

Buying a new house and land package can be a daunting process for homebuyers, and with hundreds of thousands of dollars at stake, there really are hundreds of thousands of reasons not to rush into anything you’re not 100% sure of.

If you’re interested in the home and land packages around Brisbane and would prefer to buy a new house land package as opposed to buying an established property, Planbuild Homes is here to help. We’ve been building premium homes across South East Queensland since 2003 and have a reputation as one of the most trusted names in the industry.

Get Loan Pre-Approval

Before you start exploring the new land and house packages on the market in great detail, get loan pre-approval so you know precisely how much you can afford to spend and you’re not wasting your time looking at properties that are out of your price range. Whether you choose to apply through a mortgage broker or go it alone by approaching banks and lenders on your own, ensure you’ve got enough in savings to cover the deposit (minimum 5-10%), do your research so you know what you’re looking at in fees and LMI (Lenders Mortgage Insurance), as well as the areas around Brisbane that you’ll be focusing your home buying attentions on.

At this stage of the process, we also advise visiting several display homes so that you fully understand which inclusions come as standard. At Planbuild, our display homes feature the inclusions we offer as standard to make it easy for homebuyers to see exactly what our new home prices represent. We can provide you with an inclusions list, if you desire, which details the construction process, along with all the materials, fixtures and finishes included in our home and land package.  

Also, before you’ve applied for mortgage pre-approval, we also advise ascertaining your eligibility for the Queensland First Home Owners Grant which could provide you with $20,000 or $15,000 (depending on the date of contract) towards buying a new house and land, if you’re purchasing your first home to reside in. If you require advice and assistance with this, Planbuild Homes can help.

Choose a Home Design

With so many home designs to choose from — we have over 30 new home designs at Planbuild — it’s also important to have a solid idea of the home design that you’re interested in before you get too far involved in the home buying process. While you needn’t decide on everything at this stage, it’s wise to know whether you’re looking for single or double-storey homes and four or five-bedroom homes. This not only narrows down the selection of home designs, as it also affects the price of the home and land packages that you’re looking to buy.

This is another reason why we advise visiting a display home near you, as you can get a real feel for what your new home will feel like to live in. We have display homes on the northside and southside of Brisbane at Upper Kedron, Pimpama and South Ripley where you’ll get an idea of the size, the generous inclusions which come as standard with Planbuild home and land packages, and also access the experienced advice of our New Home Consultants.

Explore Your Options

As mentioned earlier, there are hundreds of thousands of reasons not to rush into things and it really is beneficial to fully explore your options with regard to buying new house and land packages in Brisbane. There are so many home designs to choose from and you also have to remember, for example, that a design which looks ideal on one block may not be the best choice for another due to the size and shape of the block and other considerations.

You should also make sure that you’re satisfied with the location of the new house package you decide on with regard to community, schools, shops, parks and other amenities, along with transport options and, of course, your current place of work. Additionally, the area in which you buy in should be the right choice in terms of future resale value, after all, when you buy a house and land, you’re making a major investment in your financial future.

Planbuild Homes is a leading Queensland builder with home and land packages across some of the most in-demand areas of Brisbane and South East Queensland. If you are planning on buying a house and land package, we welcome the opportunity to help you navigate the process, starting with a consultation with a Planbuild New Home Consultant. To schedule a suitable time, call Planbuild Homes on 1300 301 211.