Wondering when the right time to purchase your home is something new homeowners often think about. Many people often put a hold on decisions and wait until the timing is ‘just right’. However, if you are in a position to buy, then there is no time like the present to start building up equity – and House & Land packages offer the perfect entry into the home ownership market.
North Home’s General Manager of Operations, Sarah Verheyen, provides some valuable insight into why:
The equity advantage
One thing remains constant when purchasing your own home: the value of building equity this will provide. The ongoing endeavour to time the market perfectly can often lead to analysis paralysis, causing potential buyers to miss out on the chance to establish their foothold in the property landscape. According to Sarah, “Waiting for the stars to align can sometimes leave you stranded at the crossroads of opportunity. Embracing the present moment allows you to start building equity sooner, setting you on the path to owning your own home and personal wealth creation.”
Why buy a Home and Land Package?
When it comes to the journey of homeownership, few paths offer the convenience and peace of mind that a home and land package delivers. As builders, North Homes carefully consider all details of the block pairing the best designs to the land to maximise space and its natural orientation, saving customers from the complexities of co-ordinating with builders and contractors. This streamlined approach means you are already purchasing a package that builders know they can construct with the best aspects in mind, eliminating the stress often associated with the construction process.
Sarah emphasises the significance of personalisation when it comes to home and land packages. She explains, “While many elements are standardised, home buyers retain the power to infuse their personal touch into the design through colour selection and finishes. Starting with one of our architecturally designed homes offers a clear advantage in terms of design, inclusions, style, not to mention management of the entire project over purchasing land alone, where constant decisions need to be made about design and construction which can often lead to budget blow outs.”
Verheyen further highlights the favourable stance taken by lenders toward home and land packages, especially for those with a higher Loan to Value Ratio. “Banks find comfort in the presence of a contracted builder within the package. The combination of land and build contracts provides a comprehensive view of the final cost, which lends itself to reduced risk from the lender’s perspective.”
Embracing the benefits of home & land packages
Beyond the support and ability to personalise your home, the peace of mind offered through fixed pricing on packages is a huge benefit to new homeowners. Home and land packages have all been created to adhere to local compliance standards and adapted to the site conditions, so there are no surprises.
Additionally, North Homes, have a range of thoughtfully designed packages and offer an array of floor plans and facades, enriching your options through their style selections that help you tailor all choices to your preference.
Whether you’re embarking on your homeownership journey or expanding your investment portfolio, the allure of North Homes’ thoughtfully curated home and land packages in premium estates awaits. As Sarah Verheyen affirms, “the time to act is now, and the possibilities are boundless.”