House and land packages are a popular option for homebuyers in Waikato, offering a simplified building process with pre-selected land and home designs. But are they really worth it, or should you consider custom-building instead?
In this guide, we’ll explore:
What is a House & Land Package?
The Pros & Cons of House & Land Packages
Cost Comparisons: Package Deals vs. Custom Builds
Hidden Costs to Watch Out For
Who Should (and Shouldn’t) Buy a House & Land Package?
What is a House & Land Package?
A house and land package is a deal where a builder or developer bundles a section of land with a new-build home. These packages typically fall into two categories:
Fixed Price – Turnkey Funded Packages
You pay a fixed price and move into a completed home. The builder manages the entire construction process. Ideal for buyers who want a hands-off experience.
Important Note: These packages include additional interest costs built into the price. These costs cover the commercial lending expenses incurred by the builder and their financier during the project.
Land + Build Packages You purchase the land first, then sign a build contract for the home. More flexibility in design, materials, and customization. Typically requires progress payments during construction.
Pro Tip: Always check what’s included—some packages don’t cover driveways, landscaping, or fencing.
The Pros & Cons of House & Land Packages
Pros: Easier Process – Less hassle finding land and securing a builder. Faster Move-In – Shorter timelines compared to a fully custom build. Cost Predictability – Some packages offer fixed pricing. Developer Infrastructure – Packages in master-planned communities come with parks, shops, and schools nearby.
Cons:
Less Customization – Limited options for home design and materials. Hidden Costs – Some packages don’t include essentials like landscaping, driveways, or blinds. Location Trade-Offs – Some developments are further from city centers or have smaller section sizes. Developer Restrictions – Some master-planned communities have strict design guidelines that can limit flexibility.
DEN Property: We offer customized house and land packages to balance flexibility and affordability.
Cost Comparisons: Package Deals vs. Custom Builds
House & Land Packages (Average Costs in Waikato)
- Basic Turnkey Package: $700,000 – $900,000
- Mid-Range Package: $900,000 – $1.2M
- High-Spec Custom Package: $1.2M+
Custom Builds (Average Costs in Waikato – 2024 Pricing)
- Basic Home (100-150 sqm): $3,400 – $3,900 per sqm
- Mid-Range Home (150-250 sqm): $3,100 – $3,600 per sqm
- High-End Home (250+ sqm): $4,000+ per sqm
- Larger Home (with base specifications): $3,200 – $3,500 per sqm
Hidden Costs to Compare: Land development fees (subdivision, power, drainage) Driveways, fencing, landscaping, letterboxes Upgrades to meet developer design guidelines
Pro Tip: Don’t just compare sticker prices—look at what’s included in the contract vs. what’s an extra cost.
Hidden Costs to Watch Out For
Even “fixed-price” packages can come with surprise costs. Here’s what to check:
Land Preparation Costs – Some sections need extra earthworks, retaining walls, or drainage. Developer Design Guidelines – Many master-planned communities require specific exterior finishes, fencing, and landscaping. Provisional Sums & Allowances – Some packages include low provisional sums for materials, which may not reflect final costs. Additional Features – Driveways, letterboxes, curtains, and clotheslines are often not included in package deals.
DEN Property: We clearly outline all costs upfront so there are no surprises later.
Who Should (and Shouldn’t) Buy a House & Land Package?
House & Land Packages Are Best For: First-home buyers who want a simpler, hassle-free build. Buyers who are happy with a standardized home design. Investors looking for a set-and-forget rental property.
A Custom Build Might Be Better If: You want a fully customized home. You have specific design or sustainability requirements. You’re looking for a larger section with more outdoor space.
Pro Tip: Consider your lifestyle and long-term needs before committing to a house and land package.
Final Thoughts: Should You Buy a House & Land Package?
House and land packages offer convenience, but they may not suit everyone’s needs. The key is understanding the total costs, level of customization, and long-term value.
Want expert guidance? Book a FREE consultation to explore your options. Visit our showhome to see the difference in quality and design.
Call +64 21 373 342
Email myhouse@denproperty.nz
