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Owning your own home is a goal for many people. As such a big financial and life decision, there are many factors to consider, the first being whether you want to buy a house or build one.
House and land packages in Clyde provide the option of buying a ready-built home or buying the land to build on. For some, the decision may be easy. For others, it can be harder to determine which is the better option long-term.
If you’re debating whether to build a home or buy one, here are some things to consider.
If you’re considering a house and land package in Clyde to build your new home, there is a lot more involved in the process than simply buying an existing home, so make sure to consider the pros and cons.
One of the main benefits of building your home is that you can design a home to suit your needs.
Building a home from the ground up allows you to be involved in each step, from finding the land, to the design and choosing the builder. As long as your budget allows, you can include any design feature within your home that you want.
It can be hard to know where to start, but visiting display homes can inspire design elements to include with your own home.
Building your own home also means you can invest in high-quality materials that will stand the test of time.
One of the downsides to building your home is that you will have to wait for construction to be completed before you can move in. This could take between six and 18 months.
More costs are also likely to be involved when building a home, both upfront, and unexpected costs along the way. If you’ve found some design features in display homes in Clyde North you’d like to include, make sure to discuss with your builder what the overall costs will be before going ahead with construction so you don’t go over budget.
During construction, be aware that things can go wrong and delays can happen, adding to the costs and timeframe for completion.
Building a home takes time, so you need to be prepared to wait until you can move into your dream home. This could mean you have to continue spending money on rent during that time.
If you’ve been dreaming of buying your first home and have saved your deposit, buying a house can be very exciting and is less overwhelming than the process of building a house.
When buying a house, you can generally move in straight away. You may have to wait a short period for paperwork to be finalised, but that’s much quicker than waiting for a house to be built.
You have the opportunity to inspect a house before you buy it, so you know what you’re getting and can straight away visualise what it will be like to live in it.
It can be harder to come by blocks of land in popular, well-established suburbs of Melbourne, buying a house will provide you with more choice in the location you like.
When buying an established house it can be more challenging to find a home that meets your exact requirements.
You might have to compromise and settle for a house that may not have everything you want or need.
An established home may have maintenance issues that require attention. There may be some existing wear and tear, depending on how well the home has been cared for by previous owners. However, if you’re buying a new build, you will get to enjoy brand new features and appliances of new estates in Clyde North.
There are pros and cons to both buying a house and buying land to build on, it just depends on what’s more important to you and what option better suits your needs and budget.
Check out the house and land packages at Clyde to find your dream home.