Why building new outweighs buying old
Property is one of the most important investments you’ll ever make. That’s why it is smart to spend some time and energy on searching for an investment that ticks all the boxes, before you make any financial commitments.
The main things to consider are usually the location, affordability, securing finance, and deciding if you should buy an existing home or build a new home – which is often the hardest. We believe that building new is the right way to go. Have a look why:
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Ultimate customisation
Are you searching for a certain layout, style or finish? When you build a new property, you have the opportunity to start with a blank slate and can create what you want from the outset. When you build, you have the freedom to pick everything from the location, the block, the home’s design, and the important details like certain wall colours, landscaping, and customised fittings. Unfortunately, most existing homes will require costly changes, renovations and remodelling to turn them into your perfect investment.
Low maintenance
The older a property, the more maintenance it requires to keep it in a top condition. Small issues need to be fixed regularly before they become difficult and costly to repair. Every single thing in a newly built property is brand new, which means it will likely require very little, or no, repairs and maintenance. Another benefit is that a new property will be under warranty, and if anything is faulty early on, the repairs or replacement should be fully covered.
The healthier choice
When you build new, you are less likely to face issues such as toxic materials, mould, damp, lead paint, asbestos, or even allergens, which can affect an occupant's health and wellbeing. With new, energy saving standards being implemented throughout modern appliances, your new property should also have better heating, cooling and ventilation products, which is good for occupants, as well as the health of the environment.
Get the latest technology
The latest building trends are all moving towards smart technology, and ultimately changing homes into smart homes. Not only is new technology convenient and exciting, it can make a huge difference to the efficiency of a property and drastically reduce utility bills. Your builder should be able to give you options to choose modern advanced, building materials (which are usually more durable, safer and easier to maintain), as well as a choice of technology for your new appliances, and heating, cooling and safety products.
Future value
A brand-new home should already have a higher value than an older, but similar home from the start, but when you build you also have the power to choose every detail of the home with future value in mind. This means that you can choose design features like a stylish elevation, open floor plans, ensuite bathrooms, high ceilings and alfrescos, which will be highly desirable to future tenants or buyers.
