When you mention about building a new home to your friends and family most of the time you will get the advice of not going down that path. People will tell you horrific stories they had heard and will try to convince you to buy an established house rather than building your own.
Luckily there are also positive and successful stories. The first one may be that building a new home is cheaper than buyer one for comparable size:
- You only pay stamp duty on the block of land instead of the whole house price
- For the cost of a 3 bedroom old house you can build a 4 bedroom brand new house
- Your new house will likely be cheaper to run beacause of new construction standards and insulation
Other huge benefits of building your new house include:
- You get to live in a house designed to suit your unique needs and living standards
- You enjoy all inclusions that are brand new!
- Old houses are likely not well insulated therefore cost more to run in terms of heating and cooling
- You design the style of the house so that decoration fits with your taste
- You can get all the things you need such as power points, phone points, network points, TV points, water points installed during construction for third of the price compared with new additions to an existing house
- and more…
Still wondering whether you should spend more money to buy an established house or spend much less by going down the path of building a new home and live in a house that suits your unique needs? Find out all questions your might have about building your new house here.
Related articles
- Building A New Home (buildinganewhome.com.au)
