Building Vs Buying: Is a New Build Worth the Effort?
November 10, 2019
Owning a home is one of the biggest purchases you may make in your lifetime, so it’s only expected that you’ll carefully consider whether to build a home from scratch or buy an already existing one. If you opt for the former, choosing trusted home builders in Auckland will play a major role in the success of the project.
On the other hand, if you decide on an existing build, you don’t have to worry about major construction work. In both cases, there are advantages and disadvantages, and that’s what we’re looking at here. Read on to find out more.
Existing Properties – The Pros
Existing community – When looking for already-built homes, you get the freedom to observe the surrounding community. There’s more chance to get familiar with where you’re going to live, and what type of community you’re going to be surrounded by. You can also go around and see what kind of nearby amenities are there – restaurants, pubs, schools, etc.
What you see is what you get – One of the most convenient aspects of going for existing homes is that there’s no chance of your expectations being too high – you know exactly what you’re getting, because you can see it right there in front of you!
Room for improvement – Existing properties will not always be perfect. There may be homes which almost fit the bill, but just need a few upgrades. This isn’t necessarily bad – by adding onto a purchased home, you increase its resale value.
Existing Properties – The Cons
Requires renovation – There are some cases wherein a particular house you’re eyeing will entail a lot more work than what you had originally thought. This is why you need to factor renovation costs into your budget, and ask whether it will cost you more than it’s worth in the long run.
Maintenance – Compared to new-builds, older properties may require maintenance work. This is expected, as not everything in the home will be brand new (plumbing, electrical, etc).
Not energy efficient – Older properties may come with higher energy bills, as they are less energy-efficient than new builds.
New Builds – The Pros
Everything is new – From the tiles and carpets, to the paintwork, right down to the design of the kitchen and bathrooms. New builds are built with modern features and the latest technology.
Comes with warranty – Most new builds offer a warranty, which you won’t get from an existing home.
Designed to your lifestyle – When choosing to construct your new home, you’re assured that the home is built for you and designed to fit your lifestyle. Depending on your builder or developer, you may even have a say in the concept of the layout, the design, down to choosing the fittings for your house.
Lower utility bills – New builds are required to comply with the latest building regulations, which means they incorporate smart home features that make the property more energy-efficient.
You own it – Design to build homes means you’ll be the first owner, and won’t have to go through a chain of buyers above you.
Additional Perks – With new builds, developers throw in additional perks to future homeowners such as covering the cost of carpets or landscaping. LD Construction clients receive a complimentary gift of a professional cleaning service and a free session with a professional colour consultant to ensure the highest quality.
New Builds – The Cons
Infamous for project delays – Clients are typically hesitant with new builds because of project delay worries. This can cause a lot of inconvenience to homeowners, and the best way to avoid it is to plan for it, and have plenty of time to spare.
Making an informed decision
With so many factors at play, the best decision is always the most informed one. Whether it’s buying an existing home or constructing a new one, it all boils down to one’s preferences, budget, and situation. If you’re interested in building a new home, talk to licensed builders who will walk you through the costs, making sure there are no hidden charges, and that every aspect of the build is accounted for ahead of time.
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