When it’s time to begin the search for a new home, there are two main pathways you can take: You can choose to buy an existing home, or you can design and build one of your very own.
In this article, we’d like to explain some very strong reasons why you’ll love building your new home, instead of buying an existing one.
Embarking on a building project can sound daunting but – if you partner with a quality, experienced builder with a guaranteed on-time completion – it’s an option that makes a lot of sense.
Let’s run through some of the advantages of building your own home below.
Building a new home gives you greater control and flexibility
One of the biggest advantages to building your new home is the flexibility it offers. When you’re buying an existing home, you’re paying for someone else’s choices. You’re paying for their taste in countertops and bathroom tiles, or for the floorplan that they decided was right for their family when the home was built 30 years ago.
In short, when you build, you control almost everything:
- You can choose your floor plan
- You can choose how many rooms you need
- You can choose your added extras
- And more
Building your home is like starting with a fresh canvas – you have complete control over everything. Unlike buying an existing home, your customisation options are very limited… unless you choose to dramatically renovate, which can be very costly.
Building your home with an experienced home builder like Territory Homes allows you to design and build a home that is contemporary and perfect for your family. It means you’ll end up a product that’s right for you, not someone else.
When you build a home, you’ll pay for your block of land and then you’ll pay your builder in several, pre-arranged stages. When you’re buying an existing home, you may not always have an idea of what hidden costs you’re in for. Even a building inspection can’t guarantee there won’t be any nasty surprises along the way. When you build with Territory Homes, your results are guaranteed – we’ll build you a home you’ll love, on-time and we’ll involve you in every step of the process.
First Home Owner Grant
When you build a new home, you can apply for a First Home Owner Grant (FHOG) of up to $26,000. A new home is categorised as ‘one that has never been previously lived in or sold as a place of residence.’ The FHOG can mean a healthy reduction in the cost of moving into your dream home, making it easier to get into a top-quality product.
There may also grants available for other home owners, too. Speak with us if you’d like to know more about these.
Tax Advantages for Investors
If you’re looking for a new property for investment purposes, building new makes a lot of financial sense. There are healthy tax breaks for investors who are leasing out new homes, meaning you’ll end up with more cash back in your pocket.
New Building Standards
Anyone who’s lived in the Territory knows that climate conditions here are unique and can be challenging to live in. While building codes have remained reasonably strict for several decades, recent technological advances mean that newly built homes are stronger and more likely to stand the test of time than older ones. Territory Homes pride ourselves on building homes to withstand intense local conditions.
When you build a new home, you get greater control over energy-saving features, which are even more important when you’re building a home for Territory conditions. Territory Homes homes already include many energy saving features as part of our Signature inclusions such as led lighting, solar hot water systems etc. and our homes always meet a minimum 5 star rating for energy efficiency.
Everything from the position of your home on the block and which way it’s oriented, whether or not you include solar power panels and more are important factors in making your home more comfortable for the long-term. They’ll also end up saving you a lot of money and improving the resale value of your home too.
Express your Individuality
Your home is a big investment and you want it built right. You also want it to reflect you and your family, who you are and what’s important to you. You may find that buying an existing home leaves you struggling to make your family fit the shape and style of your new home, and not the other way around. One of the key reasons to choose a new home over buying an older one is to get it customised to your tastes and to end up with the perfect home for you and your family.
When you work with a builder like Territory Homes, you’ll pay for your new build in installations rather than up-front. For many, this is a more attractive option than outlaying for the entire cost of your home at once.
Create an investment for your family
Working with a builder to create a quality home that will stand the test of time is an investment in your own future. Territory Homes homes tend to be worth more than the build cost from the time they’re completed, creating instant equity. Over the years, this just grows as the quality we factor into all our projects means your house will still look as good in twenty years as it did on completion.
Want to learn more about planning your new home?
We specialise in helping First Home Owners, Growing Families, Investors, and Downsizers/Retirees design the home of their dreams. Can we help you too? Feel free to browse our new home designs or get in touch to arrange a Free Design Consultation and explore if we may be the new home builder you’re looking for.