Forrestfield 
HomeBuilder has been EXTENDED – so should you build a home?
The HomeBuilder scheme will be sticking around for a little while longer (albeit at a reduced rate), but does that mean that you should consider building a home instead of buying an existing property so you can take it up?
While the HomeBuilder scheme can be used for those planning extensive renovations on established homes, most of the people taking up the scheme have been those building brand new, possibly because they can use it alongside first homeowner grants, which when combined can give a generous leg up into the property market.
But while building a brand new home may sound appealing, it’s important to be aware of the drawbacks of building a home over buying an already established property.
First, let’s look at the cons of building a home:
- It takes time – A big drawback of building a brand new home is that you’re going to have to wait until construction is complete before you can move on in, as opposed to an existing home where you can move in as soon your contract settles.It might take 6 months to a year before your new home is ready, or perhaps even longer if there are hiccups along the way, which brings us to the next point.
- Everything is brand new – Building a home means you get to be the very first person to enjoy all of its brand new appliances, fixtures and finishes.It also means you get to enjoy a modern layout and design, as well as high-quality products and materials that meet today’s building standards.Your new home is also more likely to be more energy and water efficient than its older counterparts, which means savings on bills too!
- Less maintenance – Homes that are built to modern-day standards are not only likely to save on your bills, but they are likely to be lower maintenance too.You likely won’t have to worry about things breaking down or wearing out when you first move into a new home, and if something does it may be covered under a builder’s warranty.
- You can customise – If you’re building a new home then you can make it exactly the way you want it.That means you can have a say in things like layout, colours, materials and more to make a home suited to your tastes and that works perfectly for you and your family.
