Building a Home vs Buying an Existing House
It’s an Australian dream to be able to get out of the rentals and own your own home. Even the Reserve Bank of Australia recently announced that “owning a house costs 30% less than renting” at present.
Many people looking to get into the housing market find themselves asking which is better; building a home, or buying an existing house.
At Stroud Homes Brisbane West, we know everyone’s situations are different – we all want different things, have different budgets etc.
As home builders we are somewhat biased, but there are a number of things you should consider that do tip the scales in favour of building a new home:
Previously called the First Home Buyer’s Grant, the Great Start Grant is a Queensland Government initiative designed to help first time home owners get into their new home. You get up to $20,000 cash towards building a new house, unit or townhouse. To find out if you’re eligible, visit the Great Start Grant website.
Part of another Queensland Government initiative; new home owners receive a First Home Concession when building a new home, essentially eliminating the Transfer Duty. Visit Stamp Duty QLD for more information.
We all know the older model car you buy, the more repairs you’re likely to be in for. It’s much the same with houses.
An existing home could end up costing you thousands in repairs and maintenance for wear and tear, as well as hidden structural issues.
A new home from Stroud Homes comes with a 7 year structural warranty and a 25 year guarantee on the frame.
New home buyers are often concerned with how long it will take to build their new home. At Stroud Homes we have a 16 week build time guarantee.
That means we’re on site, building within 7 days of council approval, and in the unlikely event we go over the 16 weeks, you’ll be paid $350 for every week until you’re handed the keys. So you could be in your dream home faster than you expected.
When you build a new home with Stroud, not only does your home come complete with all new fittings and appliances throughout, but they are also covered by warranty. Take a look at the long list of standard inclusions that come with our new homes.