Building a Home versus Buying an Existing Home
It’s an argument that seems to go around without any end in sight. It can be easy to think buying an existing house is the easier option, but there are numerous downsides to this approach. Building a house also has its drawbacks, but many substantial advantages – here’s why.
Location is Paramount
Regardless of whether you are building a new home or buying an existing one, location is the most important feature to consider when you purchase property. What is the proximity of key services you use frequently, like the gym you like, beaches and the schools your children go to? Is there a forest nearby you can ride a mountain bike in or a shopping precinct with great breakfast cafes within walking distance? The location of your property will determine many aspects of your future life, perhaps most importantly your daily commute to and from work. Do your research on these factors and what is important to you before you purchase land or property to avoid future headaches.
Repairs or Leisure
After you have purchased property and finally moved into your new home it would be great if you could hang up your hat and not worry about the house for a long while. It can be a long drawn out process with many nuanced and frequently bothersome steps to reach the position of a home owner, the last thing you want to arrive at is a house that needs a serious makeover when you move in. Roofs, plumbing and electrical systems can all wear out over time, foundations can shift and heaven forbid rats could establish a colony in your floor space. The invisible costs of an older property can stack up quickly, making the bargain you thought you had purchased an expensive hassle to maintain. Considering how expensive it can be to purchase property in the first place, you might even find yourself in the unfortunate situation of needing to do repairs but being unable to afford them.
A New House is Peace of Mind
A new house comes with warranties on parts and labour and should be great straight out of the box, so to speak. It won’t tackle you with unforeseen costs and it can be built according to your specific design requirements. This means you can keep your hard earned dollars for the things which are important to you, like your next holiday or that new bike you have been dreaming about for years.
Talk to New Living Homes about a New House Today
New Living Homes are one of Sydney’s premier house designers with a large range of predesigned houses that can be built on your land. We also have house and land packages available all over the Sydney region. Call us today to book a display home inspection on 1300 366 766 or ask us questions online.