We’re often asked so many different questions when it comes to the prior purchase of a House and land Package, so what better place to provide answers to some of our most common questions?
We love House and Land packages for many reasons, from the visual delight of seeing a parcel of land transform into a beautiful new home to the immense excitement they bring to our clients. We take pride in being part of this exciting journey by offering our clients a stunning selection of House and Land Packages throughout the Waikato.
Can I ask a Building company to run some land and build numbers for me, even if I haven't committed to building with them yet? Or, is this rude as it could be wasting their time?
Builders are usually more than willing to analyse the figures and offer you valuable insights, even if you’re only at the initial stages of contemplating a build (and if they’re not, it might raise some concerns!). Because, really, how can you determine if a construction project aligns with your needs without a clear understanding of its financial feasibility? It is the building company’s role to clarify the expenses involved, ensuring you’re armed with all the essential data to make a well-informed choice.
I’ve got a piece of land I’d like to build on. Could this be used for my H&L Package?
Absolutely! When it comes to a house and land package, you’re in the driver’s seat with the freedom to use your own land. Imagine it like curating your very own art exhibit – you select the finest canvas of land and then adorn it with the masterpiece that is your dream house design! So, whether you already possess your slice of paradise or have a specific block in mind, your builder can work their magic, ensuring you find a package that harmonises perfectly with your land.
I’ve just bought an H&L Package through a Real Estate Agent. However, I don't love the Floor Plan; how much freedom do I have to change it?
You’ve got total freedom! However, you will need to discuss this with the set builder of the house & land package to customise the floor plan to suit your requirements, design, and budget, etc, before signing a contract with the agent and building company. In some instances, you may be able to select a different builder if you have one in mind that you’d like or prefer to use. However, this is dependent on the requirements of all involved parties.
I wouldn't rate myself on my skills at deciphering a better piece of land over another; what are some things I should look out for when looking at blocks of land?
When it comes to land, location often takes the spotlight. It’s the anchor for many, and rightly so. When scouting for the perfect piece of land, factors such as proximity to amenities, transportation, schools, and potential for future growth are key considerations.
On the aesthetics front, block orientation plays a crucial role. Different directionalities can significantly impact the flow of light within your future home.
To add a layer of complexity, the location of your build may bring its own unique set of quirks and considerations. These could range from soil conditions, easements, and flooding to local regulations. But don’t fret; your real estate agent and or the building company should be well-equipped to evaluate the suitability of a block you’re eyeing up, ensuring you have all the information needed to make an informed decision. To make the process easier and to save on involving more parties than necessary, we (Rise Real Estate) can act as the Buyer’s Advocate.
Why do prices vary so much throughout different areas when the floor plan is the same?
Numerous factors influence the price variation in the real estate market. Land availability, location, nearby amenities, and infrastructure all contribute to this ever-shifting landscape.
What are the payment terms and financing options?
Typically, a deposit is required to secure a house and land contract, with progress payments made throughout the stages of the construction process and a final payment due upon completion. It’s advisable to consult with financial advisors or mortgage brokers to explore the best options for your specific needs and to ensure you fully understand the terms and conditions before committing to any financing arrangement.
Some Building companies also offer a ‘turn-key’ option. Turn-key is often when you pay a set deposit once the contract is unconditional, and the builder will fund the project until its completion. Final payment will be due once the code of compliance is issued. Often, a turnkey is slightly more costly due to the builders having to opt for short-term funding.
Are there additional costs beyond the advertised price? I.e Landscaping, upgrades, site prep
Generally, each house and land package includes a standard set of plans at a fixed price. However, you can choose to enhance your home with additional upgrades, such as premium appliances, custom interior fittings, and various exterior cladding options. Please note that these upgrades may incur extra costs.
Additionally, you should consider expenses for completing landscaping, driveways, fencing, and other outdoor features that may not be included in the package. To avoid surprises and ensure everything is covered, carefully review the proposed contract or seek clarification on any details you’re unsure about. This way, you can confidently customise your home to meet your exact needs and desires.
What is a Licensed Building Practitioner?
A Licensed Building Practitioner (LBP) in New Zealand is a certified professional authorised to perform specific types of building work. LBPs must meet rigorous qualifications and adhere to industry standards, ensuring their work complies with the Building Act 2004 and the Building Code. They are accountable for the quality of their work and must engage in ongoing professional development to maintain their license.
Hopefully, we’ve answered and cleared up some questions or confusion that you may have had and if you have a question that you can’t find an answer to here, we’d love to hear from you; feel free to get in touch with us via email, phone or get in touch via our socials.
