Melbourne is the capital of Australia. It is the second-most-populous city in the country with a population of 5 million, which is 19% of the country’s population.
The city is still one of the most livable places in the world, thanks to its amazing public transport options, available jobs, and low crime rates. It also offers a comfortable lifestyle, world-class universities, and fantastic arts and culture scene.
Furthermore, if you are planning to start a business in Melbourne, you are making a smart move. The city has small business grants available to businesses that could be beneficial to the city. Once you have started your business, your next step is to settle in the city by having your own house, which should be easy as there are many affordable house and land packages in Melbourne.
Acquiring a house and land package is one of the most convenient options if you want to own a house. All you need is to follow these simple steps to boost success in acquiring the package:
Table of Contents
Research
This is an essential step in buying a house and land package. You need to have a good understanding of the house you want, the size of land, and features you would like to have in your future home.
Researching could help you decide whether you want a house and land package or turnkey package. Also, you may want to research the location of your prospective house to know the amenities it offers, such as shops, hospitals, public transport, and schools.
Moreover, you should also do some research on developers and builders and see who can give you the best deals based on what kind of house and land you have in mind.
Talk to the developer
Once you have completed your research, you can now talk to the developer to know if they are the right one for you. Take a look at their rates, build time, and see if there are hidden costs within the contract. It is wise to have a financial advisor to check the documents to keep you from any nasty surprises.
Organise your finances
Regardless of the type of package you want, you will need either a land loan and construction loan or a regular home loan. You can work in organising it once you get a quote from your builder for you to know how much you will need.
On the other hand, you can visit a lender and get pre-approved. This way, you will know how much you can borrow that can help you with budgeting. Try talking to different lenders and find the best deal.
Check the construction
By choosing from the available house and land packages in Melbourne, you will know exactly how your new house will look, since you have chosen its design and the features that come with it. However, things may go wrong due to misinterpretations. Check the construction often to monitor the progress and make sure that everything is in the right place. By doing this, you can stop any mistakes from happening that can be very expensive to fix or can’t be fixed at all.
Sign and move in
Once everything is complete, all you need is to sign some documents, and then you can move into the house. Once the paperwork is one, you can get the keys and start living in your new home.
By following this simple guide, you should be able to choose and get the best house and land package and start living a new life in Melbourne.
