There is a booming investment in the real estate industry in the modern world. There are many advantages tagged to Land Packages deals. From homeowners to investors of apartments, everyone wants to have a share of the cake. Well, it’s not a bad idea at all. If you are looking into owning a home, consider having a house and land package.
Saves money on stamp duty
If you have ever built a house, then you understand the requirements. The package comes with a significant saving value as you only pay duty for the land. The house is still not yet built although a part of the lands component. When it comes to building, there is no other stamp duty paid. If you buy separately, then two different stamp duties are paid. Another way to look at it is when a developer is doing the work for you; You do not even realize there is a stamp duty to be paid at all.
Most packages come with recommended designs of either the house for home owners or a block design for investors. So there is no hassle to have architects do complicated designs trying to fit something on the land. The plans are very convenient, and all required is to start the building at once. The plans offer maximum output for investors ensuring there is no waste of any land.
Extras in the package
Most land packages offer other additional benefits which are commonly called home living essentials. They offer tips o how to make your home an enjoyable place to live in. They will also provide gardening tips and designs for landscaping. Others included are the upgrade packages which contain ways of moving the home to an extra stage if you want to sell it. This is a plus for investors who are building to sell.
As a package the tax benefits are greater as the cost of building and furnishing will be deducted to the total cost of the house. It gives a more significant advantage to investors whose profit margin will be high. For new homeowners, they also have a lot to smile about courtesy of the same benefit.
After completion of construction, there is everything to smile about for those looking to rent out the house or home. The designs and outcomes are like wow! There are no more old fashion rules of thumb. The houses are very attractive and full of innovation. With the advancement of technology and home plus essential packages, you can be sure every tenant will be happy.