Posted January 10 in Expert Tips & Advice

Buy vs. build your dream home: which is right for you?

Should I build new or buy established?

It can be one of the most difficult decisions to make when it comes to your dream home. And with a lengthy pros and cons list for each, it’s easy to become confused.

Is it better to purchase a ready-built property in an established suburb, complete with landscaping, so you know what you’re buying and can move straight in? Or is it worth delaying gratification to build a brand new, energy-efficient home customised to your family and lifestyle?

While the answer will depend on your family, finances and goals, our Regional Sales Manager, Melissa Ramos, examines some of the benefits of building a new home.

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1. Building allows you to personalise your home to suit your family

Many people spend years scouring the suburbs for their perfect home, only to come up short. Finding the right floorplan in the right location can mean significant and expensive renovations to have the home looking exactly how you like.

Building new also means you can forgo the meticulous search for the ideal established home and instead put your energy into designing your dream abode straight from the get-go.

‘After looking at the established market, most people quickly realise that they’ll need to compromise in areas that are important to them – whether it’s a lack of a second living space, not enough bedrooms, a rundown bathroom or a kitchen layout that isn’t suited to their entertaining or family needs,’ says Mel.

Building new ensures you can pick a ready-made floorplan that suits your family – both now and into the future. ‘Four-bedroom, two-bathroom, open plan living, and double garage homes are the most popular floorplans for growing families,’ says Mel. ‘We also offer an array of different design options for each floorplan, such as adding a butler’s pantry, guest bedroom or powder room.’

‘Being so involved in creating your floorplan and interior design is an exciting process and allows families to put their unique stamp on their forever home,’ says Mel.

However, it’s important to note that building new is a more time intensive option than buying established – you can’t move in right away. If land is a consideration, you may also be able to find a larger lot by looking at established properties.

 

 

Check out our popular Home Designs

Riviera

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Barcelona

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Pasadena

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Montreal

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Parkville

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2. Lower your maintenance costs with a new home

Peeling paint is one thing – electrical wiring issues, a new hot water system or a crumbling roof are another. With a new home, you can avoid many of the maintenance costs associated with an older, established home.

‘Many of the homes found in established areas were built more than 40 years ago, meaning it can be both expensive and stressful to repair any foundational issues,’ says Mel.

‘Our customers often crunch the numbers and find it’s cheaper in the long term to build a brand-new home, with the advantage of modern technology and durable materials.’

3. New homes are more energy efficient

Because of recent improvements in building know-how and tech, building a new home can mean more affordable energy bills. ‘We educate clients on the orientation of their block and home to ensure their design is maximising sunlight throughout the living spaces,’ explains Mel.

‘New builds also come with insulation to help achieve the required minimum energy rating. We offer our customers the option to build their home with Hebel – a concrete-style product that aids insulation – rather than brick. All of this helps to cut heating and cooling costs and can diminish your need to turn on the lights.’

Standard inclusions

As part of our premium standard inclusions, when you build with us you’ll receive double glazed windows and stacking doors which help cool your home in the summer while keeping it warm throughout winter.

Double glazed windows also have the added benefit of mitigating outside noise, creating a serene and peaceful environment for your family. Other benefits include the addition of modern technology advancements, such as energy-efficient LED lights, to ensure maximum comfort and affordability.

‘We offer a range of high-tech heating and cooling options, including cost-effective hydronic heating. Many new estates also now recommend recycled water or rainwater tanks for improved sustainability and cost savings,’ adds Mel.

Find out more about the standard inclusions

4. Build warranties provide peace of mind

While you’ll conduct a thorough inspection of an established home before signing on the dotted line, there’s no guarantee you won’t run into problems three to six months down the track.

Our homes come with a minimum 25-year structural guarantee, giving you that extra peace of mind. ‘We offer an industry-leading 12-month service warranty while your home ‘settles,’ allowing it to experience all four Australian seasons,’ says Mel

‘It’s nice to know that any minor cracks or issues will be fixed promptly during the first year, so you can enjoy your new home.’

Quality assurance & warranty

Building a home is the biggest investment somebody will make and that’s why we don’t compromise on quality.

Once a home has been signed off, our 12 month maintenance warranty and 25 year structural guarantee can commence. Our industry-leading aftercare program, Boutique Assist, spans 12 months and providing your home enough time to settle through all four seasons.

Learn more about our extensive quality assurance process during construction to our marketing leading 12 month warranty and 25 year structural guarantee.

Find out more

Warranties aren’t exactly an exciting topic, but they are an important one. Find out what to look for in your new build warranty to ensure you remain covered.

Find out more
*Eligibility is at the discretion of State and/or Federal Government, we encourage you check your relevant State Government websites for more information and speak to a Resolve Finance Mortgage Broker to find out what you could be eligible for.

5. There are financial benefits to building new

Building in a new and growing estate is often more affordable than buying in established suburbs and could be financially lucrative for both families and investors.

Not only that, there are potential tax saving opportunities when building a new home. For those looking at building an investment property you may be eligible for various tax deductions and savings whilst first home builders may be eligible for stamp duty concessions.*

‘The choice to add design elements such as an additional guest bedroom or bathroom can also help increase the value of your home and the chance of higher profits at resell,’ says Mel.

Are you considering building a new home?

Fill out the below form and one of our New Home Consultants will be in touch to help find the right option for you.

 

Have you found ‘The One?’

Share your home journey and connect with the Boutique Instagram community by using #ourboutiquehome

Our experienced New Homes Consultants can help you decide which option is right for you. Reach out for an obligation free chat today.

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