8 benefits of building over buying
Mar 16, 2020
The 8 benefits to building over buying your first home.
More and more Aussies are choosing to build their first home, rather than buying it. Whether you’re thinking about buying, building or sit somewhere on the fence. We’re here to let you know the benefits of building your first home.
1. Modern Features
It’s no secret that we all love a modern home, with 38% of buyers focused on modern features as their number one reason to build. When you build your first home you’re building it with modern materials, cutting-edge technology and the latest facades trends that will elevate your homes street appeal.
2. Flexibility to choose floor plan
When you buy an already built property, it’s rare you’ll be completely happy with the floorplan. Imagine having the freedom to move rooms, hide your laundry or create an additional bedroom rather than study space; this kind of flexibility is only available when building your home.
3. Cost savings
Buying property is expensive, no mater where you are in Australia. Why buy an older property for $600,000 when you can build your dream home for a fraction of the price? You also have the added benefit of paying in stages instead of paying everything upfront.
4. No one else has lived there
There’s something special about being the first and only homeowners in your new home. No need to find out the history of a home; you will be the first to create memories, and everything will be brand new. Keep your home in the condition you want - no need to worry about previous owners and tenants.
5. Customised finishes/fitting
There’s nothing worse than buying a home, and realising you’ve got a mini-reno on your hands. By building your first home, you can choose all the finishings. A tile splashback or mirrored? Carpet or tiles? Raked ceilings or traditional? Whatever you can dream, Coral Homes can do.
6. Additional time to save money
A 10% deposit for a $600,000 home has you saving $60,000 before you’ve even got the opportunity to buy your first home. Building your home brand new means a much smaller deposit is required up-front, plus you’ll be able to save money while your dream home is being built.
7. Energy efficient/sustainable features
As the world has more of a global focus on sustainability and saving the environment, the need and urgency for energy efficient properties is increasing every day. By building a new home, you’ll have access to the latest technologies. Solar power, home automation technology, premium insulation materials, clever floorplans designed for airflow; the options are endless.
8. Builder guarantee
Think of a builder guarantee as a warranty; you’ll be able to contact your builders and maintain a relationship after you finish your build. When you build a new house, rest assured that you’re in safe hands. We care about you, your build and that you’re living your home dreams!
If you're considering building your first home check out our First Home Buyers page for all the tips and tricks you need to know.