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What to Look For When You Buy a House and Land Package or Off the Plan

New house and land packages in Newcastle, Lake Macquarie, real estate buyers agent and investment property training

Buying a brand new home often means signing up to a house and land package, or if you’re buying into a townhouse or apartment complex, buying off the plan.

In both instances, however, it’s not quite as simple as it sounds, as no two house and land packages or off the plan purchases are ever the same.

We’ve put together a checklist of things to look out for and consider when buying a house and land package or off the plan.

The community

When the government releases land that is eventually sold off by a developer, like Stockland or Clarendon, they’ll be creating an entirely new community or suburb (formerly and sometimes still referred to as an estate).

Although this new community may be adjacent to an already established suburb, it will contain many new homes — often upwards of a hundred. The best new communities are those that are self-sufficient. Consider the following:  

These considerations also apply to buying off the plan townhouse or apartment complexes.

The lot

In most house and land packages, land sizes range from around 300 square metres up to 600 square metres. Smaller lots are usually located the public spaces, like shopping centres and transport. The same rule is often true in townhouse or apartment complexes.

Choosing a lot in a new community isn’t much different to looking at the land with an already established dwelling on it. You should consider:

If you’re buying an off the plan, you don’t need to be as concerned with the grading or underground rock, but you should pay attention to the location of your unit or townhouse in the complex, as well as aspect.

The builder

When buying into an apartment of townhouse complex, checking the builder’s previous work will ultimately help you to decide whether a complex will be a good buy or not.  

In buying a house and land package, you sometimes have a little more freedom to pick and choose your own builder (although sometimes this isn’t the case, as many developers like Stockland will also build the homes).

Enquire about:

Check the builder:

There are lots of things to consider when buying a house and land package or off the plan. For help finding your new home or investment property in the Newcastle, Cessnock, Port Stephens or Lake Macquarie areas of NSW, contact EzyEstate.

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