Insights from Building Eight Homes: A Builder’s Journey

In the latest episode of the Home Building Hub podcast, hosts Colin Bischof and Darren Brennan sat down with Ben Stewart, an experienced builder who has constructed eight homes. Ben shared his valuable insights on the process, highlighting the importance of careful planning, learning from mistakes, and maintaining a strong commitment to the investment journey. The episode offered practical advice for both first-time home buyers and seasoned investors looking to navigate the home-building market effectively.

One of the key takeaways from Ben’s experience was the significance of understanding standard inclusions in a home build. He emphasised that buyers should clarify what is included in their contracts, such as landscaping, fencing, and even small details like toilet roll holders, to avoid unexpected costs. Ben also stressed the value of turnkey solutions, where everything, including blinds and landscaping, is included in the package, allowing all costs to be rolled into the loan. This can save time, reduce stress, and help buyers avoid potential disputes with neighbours over items like fence specifications.

Another critical lesson Ben discussed was the importance of timing and long-term thinking when purchasing off-the-plan properties. By securing land before it is titled, buyers can lock in today’s prices, with the potential for significant appreciation over the build period. However, Ben warned of the risks associated with delays in land titling or changes in personal circumstances that could impact the ability to settle. To mitigate these risks, Ben recommended planning for worst-case scenarios while expecting positive outcomes.

Finally, Ben underscored the importance of resilience and a clear “why” when investing in property. Building wealth through real estate often requires short-term sacrifices, such as delaying holidays or large purchases, to meet financial commitments. He advised potential investors to focus on long-term goals and not to be swayed by outside opinions, especially from those without recent experience in the market. By staying informed, surrounding themselves with the right professionals, and maintaining a clear purpose, home buyers and investors can maximise their chances of success.