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What is a turnkey house and land package?

15/05/2019
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A turnkey house and land package is often praised for being one of the easiest ways to purchase a property. With the house and land design already approved, new homeowners can enjoy the simplicity of buying one. There are usually fewer hurdles to overcome for getting a property developer, builder, and the local council on board with the construction of a turnkey house. 

Turnkey houses go by this name due to the fact that everything is already built. Features of the property, including fixtures and driveways, have already been looked after. Some house and land packages don’t have features you’d expect to be included. However, with a turnkey house and land packages, you can put those worries about features aside.

A turnkey house and land package generally features everything you need to make it home straight away. Some of these packages even come with appliances included. 

Discover new turnkey house and land packages available from The New Bloom.

 

Financial benefits

Property developers often advertise turnkey properties with a single fixed price for land and construction. Many buyers prefer this way of acquiring property because it guarantees no nasty surprises along the way. 

There are no hidden fees or unexpected issues during construction that may increase the purchase price later on. There’s just one fixed price that guarantees you’re getting what you paid for after you’ve signed on the dotted line. 

Another financial benefit of purchasing a turnkey home is the fact that you don’t have to start making your mortgage repayments until construction is complete and your home loan is settled. So you won’t have to worry about making construction progress payments before you move into your new home. 

Fully fitted and ready to move in

A turnkey property generally has everything set up, so you’re ready to move in straight away. Outdoor features of the front and back yards should already be finalised and well maintained. 

Here are just some of the features you can expect to be included in a turnkey property when you move in: 

  • Gardens

  • Driveway

  • Perimeter fences

  • Kitchen appliances

  • Front and back gates

  • Installed clothesline

  • Numbered letterbox

  • Indoor flooring including carpets

  • Lighting fixtures and light bulbs

Be sure to get a full list of all features included in your house and land package before purchasing your new home. If any cost-cutting tactics have been used, it’s likely you could be missing some of these features. Check through the full list of property features to make sure you’re getting real value for the price you’ve paid. 

What to consider before buying a turnkey package

While a fully furnished turnkey house may seem like the best option for you, there are still aspects to consider before you commit to buying one. Pay close attention to the contract you’re signing and make sure the area you’re buying in is ideal.

While you may have found your dream home, make sure it’s located in your dream suburb too. Sometimes a new suburb doesn’t always have a generous infrastructure in place yet. Check to make sure your new home is located near all the essentials you want, like public transport, shopping centres, and healthcare facilities.

 Building contracts for turnkey house and land packages can vary. Sometimes a building contract can have an expiry date on it. In some cases, builders may have a tender price for construction that only lasts for six months. So if the construction period exceeds six months, the builders may have the opportunity to charge you additional fees for construction.

New turnkey house and land packages from Bloom

The New Bloom is an exciting new community established on Thompson Road in  Clyde North. You’ll find a vast range of turnkey house and land packages available to accommodate your needs.

This new project is proudly brought to you buy Five Squared, one of Melbourne’s leading property developers that have been creating thriving communities for over fifty years.

Contact a real estate specialist from Bloom to see what house and land packages are available. You are also welcome to visit our information centre in Clyde North to discuss your dream home in person with our real estate specialists.