A house and land package is when a buyer secures a block of land and the construction of a home in one process but two contracts. The benefits of buying a house and land package also present a much easier process of preparing the house for rent. As it’s brand new, you’ll be able to skip a lot of the costly and time-consuming processes required with an older, existing home. For example, the house is unlikely to need any renovation or maintenance work, and there’s no need to carefully document the condition of the house prior to the beginning of a tenancy.