Finding or building your perfect property can be a hard decision to make. Building your ideal home may be your dream, but you do need time, expertise and money. You may discover your dream home in an established suburb, or find a house that can be renovated into your home of your dreams. Which path is best for you?
The easiest purchase is the existing property. It is faster and can be a cheaper way of getting into your own home, or upgrading to a larger home. Finding the perfect home may be something you have to compromise on though as the picture in your head most likely won’t match what you find. Also existing homes can come with hidden problems, so be sure to do a thorough inspection before purchase (or engage a specialist).
You may have your heart set on a specific suburb that has no vacant blocks, so buying established may make perfect sense, but will cost you in time for your dream home to become available. The big plus in buying established is that everything is done which means that once you find your dream home you can move in faster and make it yours.
If you have more time and a larger budget you may want to design your ideal home. You can buy something designed or have something very different created. Depending on who you build with, you can create a custom home to meet your needs, embracing cutting edge trends, or adapting to environmental and sustainability requirements.
First you need to find a block in your ideal location. Consider additional costs such as land clearing and preparation expenses for new developments, or demolition costs to remove the existing property in established areas. The key is finding a good builder to manage the project, from the legal side such as council approvals, the design, the details and decisions to be made. Time and dollars are required for this approach.
The third option is to purchase a property that is good enough, then renovate to make it your own. Depending on the extent of the renovation required, you may decide to manage it yourself as an Owner Builder, or engage a specialist to manage the project and ensure all compliance matters are managed. A renovation project also requires extra time and dollars depending on the scale.
Deciding between the purchasing, building or purchasing and renovating comes down to your personal situation, circumstances, budget and financial restrictions.
Speak to us for property transaction advice and let us manage the process for you to ensure everything relating to the settlement is taken into account. We represent and look out for the best interests of you the buyer. Give us a call if you have any questions right now.
As your personal Settlement Agent in Perth, we know when you purchase a property it is an exciting yet stressful time. Our professional conveyancing service approach to settlement allows you time to look to other matters whilst we get on with the settlement in question. Begin by requesting a free quote today…
Our priority as your Settlement Agent in Perth is to meet your needs and our conveyancing team will keep you informed as the settlement process proceeds. Our professionalism as your settlement agent in Perth, and our conveyancing team, ensure a satisfactory completion. Begin by requesting a free quote to start the process…