When you explore investing in a brand new property you’ll begin to see how a lot of builders, developers and land owners work together to develop a vacant block of land into an estate.
It’s very common for house and land packages to have a contract for the land and then a contract for the building of the house, particularly if you buy early in the development phase.
A single contract for a new house and land package usually means that the builder has completed the build of the house on a new block of land and they are able to sell it all in one contract.
There are plenty of reasons this happens and one of them is when they build a number of houses in the same area when enough new house sales have been made to warrant it. That’s the case with this property at Cessnock NSW
Continue reading “What is a house and land package on a single contract?”