Build or Buy?

When it comes to buying your dream home in 2023, the idea of ‘out with the old and in with the new’ has a lot going for it so we’ve put together a few reasons why building your home benefits you more than buying an established property.

1. Buying an established home can come with the risk of taking on unseen construction and maintenance issues, while renovating can uncover many unknowns that could cost you more than you originally anticipated. Building a new home adds many benefits and could be cheaper and easier.

2. Reduce maintenance – moving into your new home means you won’t need to worry about excessive maintenance as everything is brand new. New homes are built using more sustainable materials and products requiring less maintenance in the years to come.

3. Future proof for climate change – new building codes and legal requirements regulate a far more energy efficient build helping you to reduce your energy costs and take a role in helping the environment into the future. By building a new home you also have options for going even further in reducing energy consumption and the impact you have on climate change and your future budget.

4. Design your home – one of the most rewarding things about building a home is your ability to custom design it to suit your lifestyle and family including spaces, inclusions and colour selections.

5. Location, location – when building you get to choose where you want to be. Buying established in existing suburbs can cost significantly more than building in a new estate and by having the option to build where you want, you can tailor the costs to suit your budget.

6. Stamp Duty – buying an existing house requires you to pay stamp duty on the full purchase price. In most cases, building a new home only requires a stamp duty on the purchase of your land, saving you a significant amount on this cost.

7. No compromise – finding an established house that fulfills all of your existing requirements can be extremely difficult which is something you don’t need to worry about if you are building your own home.

Contact Urban Edge SA today to discuss your options and to check out our extensive range of House and Land packages.