Building a home vs buying established

For those taking the leap into home ownership, it’s the age-old question: should you build or buy your dream home?

Keep reading as we’ve broken down the top 5 benefits of building so that you don’t have to. While there are pros and cons for each, we don’t think you can beat the chance to build your own home from scratch and while you’re at it, avoid spending your weekends at over-crowded inspections and high-paced, stressful auctions.

What to know about buying an established home

Buying an established property can be a renovators dream or a couple's nightmare. Unlike building new where you can make changes to your floor plans prior to commencing, any structural changes down the line can be a costly and stressful endeavour. Older homes are full of character but can also be full of surprises. They are not built with the modern specifications they are today so there can often be hidden issues, dodgy handiwork and not to code construction that leads to costly renovations to resolve. For the budding renovators out there, the commitment to years of (often costly) renovations will be an exciting challenge, but for many – especially those working full-time or raising a family, building a new home will save them painstaking hours of tearing down remnants of their old home - and the shag carpet and brown kitchen tiles with it!

What to know about building a new home

When building, you have the freedom and flexibility to choose from a wide range of floor plans, as well as the opportunity to customise them so they reflect your lifestyle, needs and personality. This means you have the power to create a home that not only suits you right now, but one that will evolve with you and your changing needs over the next 5, 10 or 20 years.

So, what are the top 5 benefits of building?

Personalisation

The opportunity to customise and take creative control. At Simonds, not only do we have a wide range of home designs and floor plans to choose from, but the chance to customise these with our upgrade options and Gallery selections means you can tailor your home to meet your specific needs, and add your own personal touch.

Fixed prices

Costs are laid out from the start. When purchasing an established home you’re wanting to renovate, there’s always the risk that unforeseen problems will arise, causing costs to pile up quickly and blow-out your budget. Generally speaking, when building, the costs are all laid out from the start and you’re not forced to enter unknown territory. Our fixed-price house and land packages provide you with even greater confidence that you’re building within your budget.

Government schemes

More savings in your pocket. Stamp duty concessions along with the other government grants and incentives on offer could mean that you make considerable savings when choosing to build a new home. And with a few extra dollars in your pocket you can say yes to that alfresco dining upgrade!

Lower ongoing costs

Less maintenance upkeep. It sounds like a no-brainer and it is. When choosing to build, you’re taking a lot of the guessing out of your new home. As no-one has lived in the house before, you’re less likely to have pesky surprises arise later down the track and you’re not burdened with the wear and tear caused by the previous owners or neglectful tenants.

Lifetime Structural Guarantee

When you are building with us at Simonds, you’ll have even more peace of mind as you’re backed by our industry-leading Lifetime Structural Guarantee. We stand by the quality of our homes and we want you to be confident your new home will last for many years to come.

Still on the fence about whether building or buying is the best option for you and your family? We recommend having a chat with one of our home ownership experts as they’ll be able to guide you through the process & tackle these important decisions.

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