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Should You Build, or Buy Your Next Home?

Should You Buy a Brand New House or Build?

Mon 29th June

If you’re planning to buy or build your next home, there are a range of variables to know when building a custom home. There are builders, estates, floor plans and sales brochures aplenty, but building your home with a custom design can offer a number of advantages. When it comes to comparing the process of building rather than buying an existing home, there are several considerations to factor in.

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A matter of choice    

  • If you’re buying an existing home, you can see exactly what you’re getting. The bricks and mortar are right there in front of you – but you can’t easily change many aspects of the home’s design without renovating.
  • If you’re building with a project home builder you’ll be choosing a pre-designed plan, with some ability to customise and choose your preferred finishes. Any significant changes can cost more.
  • If you’re looking to build with a true custom home builder you get full control over the process and a fully personalised home design, planned for your lifestyle and vision. While there isn’t an absolute answer to the question of how much does it cost to rebuild a house, it is often less expensive that people assume. In June 2020, the Federal Government also announced a new stimulus package worth $25,000 which could benefit those building a new home.
  • With a knock down and rebuild, you could have a new bespoke home that suits your block without having to change your neighbourhood or address.

The many benefits of building over buying

It’s easy to see that building a bespoke, brand new home provides a number of advantages that buying simply can’t. There’s the chance to create a custom home that’s thoughtfully designed and built for your family, land and lifestyle. There’s the little-to-no-maintenance required in your brand-new home. There’s also the opportunity to use innovative new materials and energy efficient measures so you can look forward to a lower carbon footprint and lower energy bills.

Maintenance, renovations and rebuilds

It’s worth considering the potential of any land and home that you’re about to purchase, or indeed that you might already own. Many home buyers automatically look to older homes because they might have a lower asking price, but it’s also key to factor in the costs of any major maintenance, repairs and renovations that might be required in that existing home. You can save money by carrying renovations yourself, but even then the process can cost you your time.

If you’re purchasing an older home that’s seen better days and requires major work, then it can be worth considering a knock down rebuild in Australia as an option. In fact, in many cases the cost of demolishing an older home and rebuilding a custom home in its place could be comparable to major renovations – and you’ll get a brand new custom house out of the process! Other benefits can include better views than your old outlook, a better layout for your unique block that gives you more space, and a more energy efficient home. Of course, it’s important to work with the best custom home builders in Sydney to ensure your design and build process will go smoothly with a fixed price contract.

The experience and the unique result

Owning a home is still the Australian dream, and that dream home will be unique depending on your family, where you live, how you spend your days and how you relax when you’re at home. A home that’s perfect for one family won’t necessarily be perfect for another. That’s the true benefit of a custom home or custom rebuild: a design that’s designed from scratch, specifically for you and your loved ones.

There simply is no comparison when you consider the quality and stunning home design you can achieve with custom home building. Your home can stand out from the crowd as well as suiting your lifestyle perfectly. Plus, the personal experience of going through the custom design process and watching your dream home being built can be incredibly rewarding.

Wincrest Bespoke are luxury custom home builders in Sydney with a reputation for crafting beautiful bespoke homes. We welcome you to get in touch to discuss how our services and expertise might suit your first home build.