Building Vs Buying: Is a New Build Worth the Effort?

Namal Thalha • Feb 07, 2021

Owning a home is one of the biggest purchases you may make in your life, so you’ll carefully consider whether to build a home from scratch or buy an already built one. If you opt for the former, choosing trusted home builders in Sydney will play a major role in the success of the project.

On the other hand, if you decide on an already built one, you don’t have to worry about any major building works. In both cases, there are advantages and disadvantages, and that’s what we’re looking at here. Read on to find out more.

Pre built Homes– The Pros

Existing community – When looking for Pre-build homes, you get the freedom to observe the surrounding community. There’s more chance to get familiar with where your locality is, and what type of neighborhood you’re going to be surrounded by. You can also go around and see what kind of nearby amenities are there – restaurants, hospitals, schools, etc.

What you see is what you get – One of the most useful aspects of going for pre-built homes is that there’s no chance of your expectations being too high – you know exactly what you’re getting because it's right there in front of you!

Room for improvement – pre-Built properties will not always be perfect. There may be homes which almost fit the bill but just need a few renovations. This isn’t necessarily bad – by adding onto a purchased home, you increase its resale value.

Existing Properties – The Cons

Requires renovation – There are several cases where a particular property you’re looking to purchase will require a lot more work than what you had originally expected. 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 homes, Pre-built properties may require maintenance work. This is expected, as not everything in the home will be brand new (plumbing, electrical, etc).

Not energy efficient – old Homes 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, carpets, and paintwork, right down to the design of the kitchen and bathrooms. New builds are built with modern features and the most advanced technology.

Comes with warranty – Most new builders offer a warranty, which you won’t get from a pre-built home.

Designed to your lifestyle – When constructing your new home, you’re convinced that the home is built for you and designed to fit your lifestyle.

Additional Perks – With new builds, Builders and Architects throw in additional perks to future homeowners such as covering the cost of carpets or landscaping.

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

Whether you decide to buy an existing home or construct a new one, it all boils down to your preferences, budget, and situation. If you’re interested in building a new home, talk to Builders Sydney who will walk you through the expenses, making sure there are no hidden charges, and that every aspect of the build is accounted for ahead of time.

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