When the time has come to bring your property ownership dreams to life, one of the big decisions you will face is whether you should build new or buy an established home.
As one of the most significant purchases you will make in your lifetime, it is important to be equipped with all the right information from the outset, which will guide you towards an informed decision.
Cedar Woods WA State Manager Ben Rosser said that building a new property can deliver substantial benefits for first home buyers.
“Building a new home that you can stamp your mark on from day one is an attractive option for many Australian buyers – and with good reason,” he said.
“There is no shortage of options for new builds, with something to suit almost every lifestyle and budget, including affordable, low maintenance apartments, townhomes that offer privacy and indoor/outdoor living, and house and land packages within thriving communities.”
“First home buyers who build their home can also benefit from Government Grants that can go a long way in helping them get their foot in the door sooner.”
Read on for six great reasons to consider building your first home.
1. Move into a home that is truly yours
Getting the keys to your first home is an extremely exciting milestone, and there is something extra special about being the first to live in it. This is an opportunity to make your mark on your home from the very beginning – rather than living with other people’s past design choices or wear and tear!
2. Get a financial boost
Building is a great way to make the most of the government assistance available to get you started on your property journey.
This can include access to the First Home Owner Grant, stamp duty concessions, and potentially lower deposit requirements – all which can get you the keys to your first home sooner. These grants and concessions vary between states, so make sure you keep up to date with what is available to you.
The Cedar Woods First Home Buyer Finance eBook is a great resource to find out more about
what you might be eligible for. Enquire below to receive Cedar Woods First Home Buyer Finance eBook via email.
3. Save time and effort on maintenance
Speaking of wear and tear, preloved homes can require some TLC, some of which could leave you significantly out of pocket. Your new build will have structural guarantees as well as product warranties on fittings, which gives you the peace of mind knowing that you are covered, so you can keep your money for decorating your new place.
If low maintenance is particularly important for your lifestyle, ‘lock up and leave’ apartments or townhomes could be a good option to consider.
4. Soak up the new home feels
There is just something about ‘brand new’ that appeals to a lot of buyers. From fresh paint to new appliances, your new home will have a clean and modern feel – no dated curtains or carpets in sight!
5. Choose your location
If you are looking to buy in specific suburbs, you may find yourself limited with choice and needing to make compromises to secure a property. When it comes to new builds, you will have a range of location options, with homes in residential communities, in vibrant neighbourhoods, and urban renewal communities, which are well located and connected to all the amenities you need.
6. Homes to suit your needs
Just as all households are unique, there is no one size fits all with housing. Your individual lifestyle, family’s needs and long-term goals are all crucial factors to weigh up when choosing your future home. For your new build, you can choose not only a variety of locations to suit your needs, but also from a range of housing types, including apartments, townhomes and standalone homes.
If you have decided that a new build is right for you, it is crucial to take the time to do your research, particularly when it comes to choosing a reputable developer. This could include visiting new developments and display homes, as well as reading customer testimonials, to ensure your new home is in good hands.
For everything you need to know about financing your new build home, Cedar Woods has put together a handy eBook, packed with tips and information to get you started. Enquire below to receive Cedar Woods First Home Buyer Finance eBook via email.
Western Australia
Solaris Private Estate - Forrestdale
