It’s the age-old question, should I build or buy an established home?
While both approaches offer benefits, the best option really depends on your individual requirements.
Building a new home can allow you to customise your design, reduce your future maintenance costs and gives you certain guarantees. However, buying an established home could help you live closer to the CBD.
So, here are a few things to consider…
Tailor a home to your needs
If you want your home designed in a particular way or with certain features or layouts in mind, building may be the best way forward. Building also gives you more flexibility regarding the materials and finishes used on your home.
It goes without saying that when you build a new home, everything that goes into it is new too. Meaning your appliances and the workmanship of the home will come with a warranty.
You can’t move in straight away
Buying an established home is usually going to see you moving in sooner than if you build. A normal settlement period when buying an established home is 6-8 weeks, whereas if you’re building it will normally take around 6 months.
Commodore Homes offers both an administration and construction guarantee, so you know when you’ll be able to move in to your new home.
Lower ongoing costs
Building processes are ever evolving. A significant reason to consider building a new home is to ensure its environmentally sustainable.It’s also good idea to request a NatHERS 6 Star rated home. This will ensure your homes efficiency is maximised and takes into consideration the orientation of your lot, energy efficient window design and cavity insulation.
Yes, it’s better for the environment, but it can also save you a lot of money, with the costs of electricity continually rising.
At Commodore Homes, every home also comes with a 3.7kW solar system which can be equipped with solar storage batteries down the track.
Proximity to the CBD
Generally, there’s a shortage of land close to Perth. So, if living close to the CBD is important to you, an established home maybe a better option.
Alternatively, find a suburb which has good access to major road networks or public transport. Then, you can get to and from the city easily and still build the home of your dreams.
In WA, stamp duty is a big cost to factor in to your purchase. If you’re buying an established home, you’ll need to pay stamp duty on the full amount of the purchase price. However, if you’re building, you’ll only need to pay stamp duty on the land component of the purchase (not the total house and land price).
It’s important to make sure your builder gives you a fixed cost for the construction of your new home upfront. This will help you avoid additional cost increases and time delays down the track.
Choosing the right home to build and where is a Commodore Homes specialty. Our expert team have a huge range of home and land packages throughout Perth for you to choose from.