Choosing whether to build or buy established when purchasing property can be a big decision to make for home buyers.
Deciding between the two ultimately comes down to your personal preference, circumstances and financial restrictions.
Buying established
People who buy established properties usually find this option to be cheaper or more convenient than building new because all of the hard work is done.
Another drawcard of buying established is that there is no lengthy wait time before moving in.
Buying established can also be a great way to buy into an older suburb that has very few blocks of land left.
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Building
On the other hand, those who prefer to build from scratch say the extra cost and effort is worth it in order to have a home that is tailored to their specific wants and requirements.
Building a new home also provides the opportunity to include some of the latest trends or environmental features that may be absent from established stock.
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If you’re torn between building or buying established, it’s worth speaking with a local REIWA agent – they’ll be able to provide you with more information about the locations you’re interested in and help you to decide
which option is best suited to your situation.
