Buying vs Building
Deciding whether to buy an established property or buy land and build a new home is a big decision. Here are some of the benefits of building your very own dream home.
FIRST HOME BUYERS ASSITANCE
As a first home buyer, you may be eligible for grants which are only available to those who build or purchase a new home, and for exemptions or concessions on stamp duty. When building new you only pay stamp duty on the cost of the land, not on the price of the home and land (which is the case when buying an existing home). These government incentives can make a big difference to your budget, making building a new home a lot more cost effective and meaning it can happen a lot sooner.
VALUE FOR MONEY
For many, the thought of building a brand-new home can be daunting. There is a perception it can be more time-consuming and there are lots of decisions to be made. However, building new can also deliver very good bang for your buck. You may be surprised by just how much you can get in terms of size and inclusions when you build a home from scratch, plus renovations can often blow out your budget due to unexpected additional work that often needs to be carried out. New homes also employ the latest construction techniques, modern materials and take into account environmental sustainability – all of which can save you money.
PERSONAL STYLE
When looking at established homes, chances are the choice of tile and fittings in the bathroom, colour of kitchen splashbacks and countertops, roof tile and bricks may not be to your liking. Sure, these can be replaced or modified over time, but even cosmetic renovations can be expensive, so you have to be sure to have room in your budget for those things down-the-track. When you build your home, you choose every inclusion, ensuring your personal style is evident throughout your home – inside and out.
LAYOUT
When you purchase an established home, nine times of out ten, the layout will be a compromise. Of course, this can be changed through renovations, but they can be expensive (and often more expensive than you think!). When building new, you get to choose a design that fits your lifestyle now and into the future.
LIFESTYLE
Many first home buyers choose to build in new suburbs. When you choose a new community, you are usually sharing the experience with others who are in a similar situation, making it easier to bond and feel at home in your new location. And when you build your home, you don’t have to think about renovations or repairs – you know you can move straight in and start living and entertaining from the moment you get the keys!
LOW MAINTENANCE
If you’ve stretched yourself to get into a new home, the last thing you want is to be outlaying money on maintenance. It’s not uncommon to see existing homes with $50,000 to $100,000 of faults the homebuyer didn’t expect. A distinct advantage with building a new home is knowing you won’t have to put any money towards upkeep for the next few years. At Wilson Homes our team is passionate about creating a beautiful home for you that is built to last and last and last so you can bring your passions to life, that's why we guarantee it structurally for 30 years.
ENERGY EFFICIENCY
New homes are more likely to be built to a higher energy efficient standard, meaning big savings in
running costs. When you build your home, you can consider things such as passive solar orientation, building materials that assist with energy efficiency, installation of PV panel systems, grey water systems, etc.
QUALITY ASSURANCE
When you choose a reputable builder such as Wilson Homes, you know you’re getting their uncompromised standard of build. You can monitor each stage of construction through our MyHome customer portal and rest assured knowing the kind of quality materials and techniques which have gone into building your new home.
