Are you planning to buy or build a home with the help of new home builders in Melbourne? Well, it’s the age-old housing debate all over again. However, which is better: to build a new home or buy a ready-made one? Arguments can be made for both. That’s why we’ve collated some helpful points for you to assess.

Is it better to build a new house or buy?

Most people have different opinions when it comes to building or buying a house. While these opinions are equally valid, one of the biggest deciding factors in any decision comes down to money.

For most Aussies, a house is typically the most expensive thing one can own in their life. Going for the cheaper option is relatively the more popular choice. So, together let’s assess the advantages and disadvantages of building a home from new home builders in Melbourne.

Pros: What Are the Benefits of Building a New Home?

When you build a home, it’s essentially a journey of finding your own lot, creating your design, and breathing life into your vision. It requires a lot of time and effort, but the benefits are exceedingly great.

Here are some of the advantages of building a home with the help of a construction company in Melbourne:

You can personalise everything.

Building a home from scratch works well if you want to realise your dream home as a kid. If you’re not in a hurry with the planning and design phases, building a home will work well for you. The personalisation options are limitless; you can build a bowling alley, a bespoke gazebo garden set-up, or an Olympic size pool – all of these features are not commonly found in most existing houses.

Additionally, you can also pick the materials you want to incorporate to ensure that you will have a home that will last for years.

You can avail of the First Home Owner Grant.

If you want to build a home, you need to have enough financial resources to complete the project. Thanks to the government’s First Home Owners Grant (FHOG), homeowners can expect to receive at least $ 7,000 from the state or territory government to assist them in paying for building their home construction.

You can create energy-efficient systems.

Aside from having full autonomy with the design of your home, you can also choose all the finishes and fixtures you want, including the lighting and cooling systems used throughout the home. Choosing energy-efficient systems may be costly in the beginning since most energy-saving appliances are expensive, but they can save you thousands on electricity and gas expenses in the long run.Cons: Should I Really Build a New Home?

When it comes to building or buying a new home, some people are doubtful; and that’s absolutely natural. You can get easily confused or overwhelmed with the whole process. That’s why we’ve come up with a list of disadvantages for you to reconsider:

Building a home requires time.

Unlike buying and shopping for real estate, building a home entails a lot of planning. What’s more, is that you’d have to wait six months to a year for the project to finish.

You may run into problems that are out of your control.

If you are thinking that building a house is simple, then you have to manage your expectations. In reality, building a house is a complex endeavour, and one should consider all the factors that can affect the results.

If the weather is bad for weeks on end, then construction will be delayed. This extends the time needed to build your home, which in turn, will cost you money. Other than that, delays could also lead to poor results.

You may have difficulties finding an affordable lot in CBD.

Do you work or study in CBD? Well, having a house that’s close to your school or workplace is essential. However, it’s difficult to find plots of land for sale near the area. Cities typically celebrate apartment living, which yuppies can easily move into. So, if you’re a young family, it’s best to consider other options, like building your dream home in the suburbs.

Pros: Advantages of Buying a Home

Having second thoughts about building a home with the help of new home builders in Melbourne? Are you thinking of buying a home instead? It’s essential that you also understand the pros and cons of buying one:

First, let’s discuss the pros:

It’s a more convenient option.

If you want to move out of your apartment and start living in your own home, you can conveniently browse through the internet for properties in the neighbourhood you’re interested in. You don’t have to talk to various contractors and make necessary building arrangements to make the transfer seamless. Compared to building a home, buying one is usually a more stress-free process.

You can pick a location that has it all.

Most residential developers carefully examine the location of their property developments, so potential homeowners don’t have to worry about the amenities and transportation systems in the area. Buying a home means that you can choose your desired location with ease, without having to worry about any restrictions be it size or the type of property.

Cons: What’s the Real Deal?

While there are advantages to buying a new home, there are also considerable downsides you need to know, such as:

You can expect higher government fees.

Stamp duty can cost tens of thousands more when you’re buying a home compared to building one. Moreover, state governments tend to provide subsidies and grants to first homeowners who build their homes rather than buy them.

You may end up renovating or extending your house to suit your needs.

When you’re buying a house, you can’t expect that all the features you wish will be made available for you. Most unique features, like a game room or indoor bowling alley, will literally be impossible to find. Worse is that simple features, such as a small pool or two-car garage, may be hard to find in your desired location. Often, this leads to you calling contractors for home extensions in Melbourne.

Need Help with Building or Renovating Your Homes? Contact Grycon Today!

Enjoy hassle-free services with Grycon’s expertise in new home builds, restoration, and renovation. When you work with us, you don’t have to worry about the cost! We provide you with a free quote so you can prepare for the expenses ahead of time.

Ready to renovate your home? Don’t hesitate to call us today at 0413 375 455 or send us an email at [email protected].