Homeownership is a huge milestone to achieve and an equally important responsibility. There are several cost-effective options to consider when welcoming a new property. Although building a new house from scratch may seem more expensive, it is a strategic way to save up your money in comparison to investing in a pre-existing home. We have provided a few explanations that point out how you will be able to cut costs in the long run.
Choose Where You Want
By having the freedom to select the exact location of where to build a new house, you are able to ensure that the place is according to your personal standards and the moving stage is easier. You have the ability to carefully shortlist a handful of communities that reflect your ideals and also work well with the whole family. The wear and tear of vehicles, along with unstable petrol prices and transportation costs can easily add up. You can avoid these hassles by picking the right place that is situated close to workplaces, schools and shopping areas.
Moving On Up
When starting fresh in a developing place, you may find yourself settling in an area that is still in the process of becoming a proper neighbourhood. There might be a few adjustments at the beginning of building a new house such as finding shopping centres and restaurants within driving distance. However, it can be a proactive move as the property value may increase with more establishments continuously being constructed. New estates, schools and stores are a priority to get up and running which can assist in bringing the community to life.
A New Slate
While an existing home can be tempting, it may come with obsolete utilities and old systems. It is important to upgrade alarms, have systematic air conditioning and reliable appliances. By installing all of these brand-new and knowing where they’ve come from, you are able to save a lot of funds that would have gone to repairs and services over the following months. There may also be more deals and offers for new homeowners in particular that can give you more value for your money.
No Additional Costs
There are no modifications to worry about when building a new house as you are able to get the foundations and design correct the first time around. An existing home may require renovations to take place in order to make it best suited to you and your family. Builders and other contractors may be pricey and can bring along additional fees. This won’t be a problem as the interior and exterior structure of the entire house will be in line with your decision-making, ensuring that no repairs will have to take place.
Eco-Friendly
There is also the opportunity to help contribute to the wellbeing of the environment when constructing your property from the ground up. With a more energy-efficient home, you are able to budget your monthly electricity and water bills before they accumulate to an endless cycle over the years.
Considering building a new house? iBuildNew has expert advisers to assist you in the decision-making process and guide you towards the right builders! Get in touch on 1800 184 284 or book a call our team!
- We’ll ask the right questions to better understand your needs
- We’ll create a recommended shortlist ideally matched to you
- We’ll answer specific questions or concerns related to home building, land purchasing or financing