With the ever-changing property landscape in Perth and Western Australia, many people are asking themselves: is it better to buy or build a house in 2023?
In this blog post, we will discuss the advantages and disadvantages of both buying an existing home and building a new one.
Additionally, we'll take a look at which option could prove to be more cost-effective when it comes to property ownership in WA.
Buying an existing home
When it comes to buying an existing home, you are limited by what options are available on the market.
Besides the actual purchase price of the property itself, one must also consider additional costs such as stamp duty, registration fees, legal fees, etc.
Additionally, when opting for an existing home rather than building one from scratch you won't be able to customize your property according to your personal preferences.
On the other hand, if you decide that buying is the right option for you then you could benefit from certain luxuries such as established gardens that come with most pre-built houses.
Building a new home from the ground up
On the other hand, if you choose to build your own home then you'll have complete control over every aspect of your new property.
From selecting particular design elements such as floorplans and styles all the way through to choosing unique finishes and special features - there's no limit on what extras you can ask for with custom homes!
Of course, there are many requirements when it comes to building which includes planning permission along with obtaining various permits but here at Novus Homes we will take care of everything for you while providing helpful advice along the way.
Is it cheaper to buy or build a house in Perth?
When it comes to cost efficiency, building a home can be more cost-effective than buying an existing property in Perth.
Construction costs are usually fixed (but can vary depending on the size and chosen specifications of the house).
On the other hand, when buying a house in Perth there could be some hidden additional costs that could pop up at a later time, such as renovations and repairs.
In addition to this, building your own home with Novus Homes will also give you access to our range of innovative energy-efficient products which will help lower utility bills over time.
So which is better?
When deciding whether it's better to buy or build a house it really comes down to individual circumstances, needs and desires - however we hope this blog post has provided some helpful insight into how one can go about making their decision before embarking on their journey towards their dream home!
Here at Novus Homes we take the stress out of your building journey and our team works hard to guide you every step of the way.
Get in touch with one of our sales consultants today and find out if we are a good fit.