To build or to buy? Sometimes that a million (or at least a quarter-million-dollar) question! We know that deciding on whether to purchase an establish home or build a new house is a crucial and often expensive decision. In an attempt to help you make the right choice, we’ve provided 6 reasons as for why building a new home is best!
Receive $10,000 From the Government
If you happen to be an eligible first home buyer, the Australia government will grant you $10,000. Yes – $10,000 dollars. Australia’s First Home Owner Grant was introduced back in 2001 to help encourage and assist first home buyers in building a residential property.
A Home You Dreamed Of
One of the most significant benefits of building over buying is that you can create the home you’ve always dreamed of. Wanting a large waterfall kitchen bench, expansive home theatre or multiple study rooms? You can get all of that by working with a new home builder and their design team, whereas an already built home is that – already built.
No Deposit? No Worries!
Sometimes people get dissuaded from building a property is because of perceptions on deposit. Were you aware that you don’t need a deposit when building a new home? The Home of My Own Foundation has been developed to help first home buyers with an additional Deposit Grant. With their help, you can start building sooner than you can imagine!
Builders Offer Maintenance and Support
When building, most new home builders provide their clients with warranties. Common warranties go for a 12-month period. If something were to go wrong and stop working, your builder will take care of that. If you were to purchase a home, you’d be on your own for any unexpected issues.
Save on Stamp Duty!
Select (eligible) first time home buyers can be exempt from stamp duty if the land purchases is below $300,000. By not needing to spend on stamp duty, your household could save anywhere up to $8,835 in fees! Imagine all of the home decor and gadgets that could be purchased with that…
Cool and Modern Gadgets
Almost all new home builders incorporate inclusion plans for their developments. From Fisher & Paykel through to Rinnai systems, your new home will be decked out with up-to-date, tested and warranty-packed inclusions.
We know that everyone’s circumstances and situations are different. For some families, buying is best, and for others, these 6 reasons are just the beginning of the benefits of building a new home.
If you are looking to create a new custom home, first-time builders such as Move Homes are worth a consultation. A member of the well-known Prime Group, Move Homes has built over 15,000 homes for WA families over the last 50 years. With 40+ home designs, house and lands packages throughout Perth, including prime areas such as Landsdale, Piara Waters and South Guildford, Move Homes are likely to have a new home solution for you!