House & Land Packages and Turnkey Packages ... What is the difference?
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This blog is sponsored by Legendary Homes.
When you're on the journey to buying your first home, understanding the different types of building packages available can make a big difference in making the right choice. Two common options you'll come across are House & Land packages, and Turnkey packages. Let's explore these options to help you make an informed decision.
House and Land Packages
What Are They?
House and Land packages involve buying a block of land and then building a home on it. These packages are typically offered by developers who have land available and work with builders to provide a range of house designs.
How Do They Work?
- Choose the Land: You start by selecting a block of land from the available plots in a development.
- Select a Home Design: You then choose a house design that suits your needs and budget. Builders usually offer a variety of designs, from standard layouts to customizable options.
- Construction Phase: Once the design is finalized, the construction begins. You'll have a contract with the builder and pay for the construction in stages as the building progresses.
Pros:
- Customization: You have the flexibility to choose your preferred design and make modifications to suit your taste.
- Location Choice: You can select a specific plot within a development, giving you some control over the location of your home.
Turnkey Packages
What Are They?
Turnkey packages offer a more straightforward path to homeownership. These homes are built under a fixed price contract, where you pay a deposit and then wait several months for the construction to be completed. Once finished, you pay the balance and receive the keys, ready to move in.
How Do They Work?
- Sign a Fixed Price Contract: You enter into a contract with the developer at a fixed price, which includes the cost of the land and the house.
- Pay a Deposit: Typically, you pay a deposit upfront to secure the package.
- Construction Phase: The developer takes care of the entire building process. You don't need to manage the construction or make progress payments.
- Settlement and Move-In: Once the house is complete, you pay the remaining balance at settlement, receive the keys, and move in immediately.
Pros:
- Convenience: The home is fully finished, including landscaping, driveways, and often appliances. There's nothing left for you to do but move in.
- Fixed Price: The price is set from the beginning, so there are no unexpected costs or surprises.
- No Mortgage Payments During Construction: Buyers do not need to pay the mortgage until settlement, easing financial pressure during the construction period.
Legendary Homes Turnkey Packages in South and West Auckland
At Legendary Homes, we specialize in Turnkey packages designed to provide you with a hassle-free path to homeownership. Our detached homes in Karaka, Pukekohe and Huapai are perfect for first home buyers who value convenience and quality. Starting from $750k, these homes are built to the highest standards, featuring modern designs, spacious layouts, and high-quality finishes.
Why Choose Our Turnkey Packages?
- Prime Locations: Karaka, Pukekohe and Huapai are vibrant, growing communities with excellent amenities, schools, and transport links.
- Guaranteed Construction Timeline: We guarantee to finish construction within 6 months from the date the Building Consent is issued, ensuring certainty of settlement for buyers. This building period is included in the contract and guaranteed by the Registered Master Builder Association.
- Quality Assurance: We take pride in our craftsmanship, ensuring every home meets our strict quality standards.
- Fixed Pricing: Enjoy the peace of mind that comes with a fixed price. No hidden costs or unexpected expenses.
- Financial Ease: You do not need to pay the mortgage until settlement, easing financial pressure during the construction period.
In conclusion, whether you choose a House and Land package or a Turnkey package depends on your needs, timeline, and budget. If you're looking for a ready-to-move-in home in a thriving community, our Turnkey packages in South & West Auckland might be the perfect fit for you.
Visit Legendary Homes today to explore your options and take the first step towards owning your dream home.
Contact:
April Zhou
Mb: 021 977 363
Em: sales@legendaryhomes.co.nz