One of the most sought-after real estate products that we sell here at North Luzon Properties is the house and lot package. While some have a good grasp of what a House and Lot Package is, others may still have questions and doubts regarding this type of property listing. The confusion might have come from the fact that we got used to knowing that a house and lot for sale could either be an old house being sold by the owner or a newly constructed house with a generic design being sold by a developer. In those two examples, none comes close to the definition of a house and lot package.
What is a House and Lot Package?
For us at North Luzon Properties, a house and lot package simply means that the lot and the construction of the house are packaged into one price. In addition, the house construction that we provide along with our partner developer is customized housing. Customized housing means that the house to be constructed will be according to your chosen design, you will be sitting down with the in-house architect and discuss the features you want for your house, such features must fall into the standard features anything beyond the standard features, i.e. use of electronic locks instead of standard lock, you will have to pay extra.
How is this Different from an Old House for Sale?
The main difference is that in a house and lot package, your house is brand new and according to your design, while an old house and lot for sale not only was built not according to your design, it is also old which means interior design may be dated and not modern and natural wear and tear might have already occurred especially in the electrical and plumbing. Where such degradation of the plumbing and electrical system of the house may cause problems later on.
For a house and lot package, not only is your house brand new, but you will also be able to customize your house from the design of the entire house to the choice of tiles for your floor. Which is something you cannot do to an old house. While you can renovate an old house, you will not be able to change the existing structural design of the house. Which means you will be living in the dream house of another, not yours.
How is it different from a Brand new House and Lot?
One of the strengths of our house and lot package is the customization of the house design according to the clients’ requirements. Most developers selling newly constructed houses have their houses pre-designed. This means your choices are very limited, not to mention that your house will look exactly the same if not similar to the other houses within the subdivision. There is a level of uniqueness for every house and lot package that was constructed by our partner developer.
Benefits of Choosing a house and lot package
- Your Home, your design – our partner developer provides customized house construction, which means your house will be constructed according to the design that helped create with the in-house architect and to which you agreed to. No generic house design and definitely you will not be living in the dream house of another.
- Brand New – Since your house is newly constructed, the materials used are of course brand new, which means you will not be worrying about any wear and tear anytime soon.
- Pay according to the current prevailing price – if you purchase the house today, the total contract price will not change even if there are any increase in the cost of materials a month or two down the road, except of course if you ask for additional features in your house outside of the coverage of the contract. In this case you will have to pay an additional fee as assessed by the in-house architect.
- Property will appreciate – like any other real estate property, it appreciates and most would peg a conservative appreciation of a real estate property of around 10%-20% per year. Since you bought the property when the house is still going to be constructed, once construction is done, there will already be a sure appreciation on the value of the property on top of the increase in value every year.
While every type of real estate property may have its own value depending on the buyers’ purpose, the house and lot package is the answer to the features that may be missing in the other types of properties. Thus, making the house and lot package a better and obvious choice.