Austral is a suburb near Liverpool and Sydney CBD, both of which are major city centers. The suburb is slowly becoming an attractive place for housing investments because of its promising location. Furthermore, Austral is expected to grow into a significant residential area in time, as seen in the number of planned developments in the suburb.
Concerning house and land packages Austral has many options. They are becoming highly popular for first-time homebuyers in Australia because of their value. Statistics in Australia show that house and land packages continue to outperform other segments in the housing industry, mainly because of the financing options available for first-time buyers.
Here are things you need to consider before making that big investment:
Cost
As a first-time homeowner, the cost will likely be one of your most significant considerations. With regard to house and land packages, Austral has less costly ones compared to existing properties or building your property. Still, you have to look through the inclusions and exclusions of your package.
Getting a house and land package may mean different things for each property developer, so you have to clarify this from the very start. At times, you might be attracted by the price of a package without realizing that many important things have been excluded from the price. Once you see an exciting offer, ask if the cost will include land improvements like landscaping and driveways, or other additional things like a mailbox or outside lights.
Location
As with other properties, the location should be a significant consideration in your decision. To know if an area is right for you, you have to consider your needs and daily activities. For example, if you rely on public transport to go to work or other places, then it would help to have a house near a subway. Likewise, it will also be helpful to have convenience stores or groceries nearby in case you need to make last-minute purchases.
Naturally, your ideal location will depend on many things, so you have to think about what it would be like to live in the area if you ended up getting a property there.
Design Flexibility
House and land packages often come with the option to personalize your home so that they can tailor-fit your needs and preferences. However, the flexibility in design will still depend on your builder, so you have to check whether your builder can turn your dream home into a reality.
Time
One of the things that are often overlooked when looking at house and land packages in the construction timeline. Before you commit to a builder, ask about the estimated timeline so you get a good idea of how long it will take before you can move into your new home. You can also ask about the construction plans, so you know what to expect when you walk in for inspections from time to time.
Reputation
Getting a home is a long-term investment, so you have to make sure you make the right choice before committing. If you are new to the real estate market, you may be unfamiliar with the credible property developers or home builders, so it will help to search online or ask your family for recommendations. Try to read testimonials from previous clients to see how they felt about working with a certain builder, so you can decide which builder can help you best.
Buying a house for the first time is a huge step and decision, so you have to make sure you understand and know everything before signing a contract. The thought of having a home can be exciting, but you should still take the time to understand what you are entering.
