It is true that we all want to get on the property ladder and it is becoming increasingly more difficult to do that very thing. Lending institutions are now requiring a much bigger deposit before they will even entertain your application for a mortgage and even then, the price of property in Canberra has gone literally through the roof. There are many existing properties currently on the market but it is a seller’s market and unless you are prepared to pay above market price then you’re going to be outbid every single time. The secret here is to find some land that is affordable and then to have someone build a new home for you.
If you don’t know where to begin then there are many new home builders in Canberra who would be more than happy to create your dream home for you at a fraction of the cost of purchasing a used one. If this sounds like more hassle than it is worth, then you need to remember that you will not have any input into a home that is already built and you’re going to have to spend many thousands of extra dollars just to get it how you want. If you decide to build your own home, then you get to enjoy some of the following advantages.
- It’s completely new – You have probably experienced that new car smell at least once in your life and now you have the opportunity to breathe in that new house smell. There’s nothing like it and knowing that nobody else has lived or died in this property before gives you a great sense of relief and satisfaction. You’re going to save yourself an incredible amount of money with regard to maintenance and repairs because this is a new property and the likelihood of anything going wrong within the next 5 to 10 years is very small.
- You make the decisions – The one thing that many homeowners complain about when they buy an already lived in properly is that changes have been made in important rooms in the house like the kitchen and bathrooms that just doesn’t meet their requirements. The wonderful thing about building your own new home is that you get to start everything from scratch and so you make the decisions with regard to the customisation of the inside and outside of the property.
Hopefully these two reasons have convinced you to go down the build your own new house route and it is something that you will never regret.