When considering buying a home, one of the major decisions that buyers must make is whether to purchase a new home or an established one. Both have their own set of pros and cons.
New homes are generally built to modern standards and are often more energy-efficient than older homes. They come with warranties and builders’ guarantees, which give buyers added peace of mind. They also offer buyers the opportunity to customise the layout and finishes, as well as choose colours and other design elements.
On the downside, when building a new home there may be building or material delays which can sometimes extend the build time and even add unexpected costs.
Established homes, on the other hand, have a lived-in feel and can be more established in terms of the neighbourhood, which can be particularly appealing to families. They can also come with features like a garden, mature trees, and other landscaping. Additionally, the properties may be larger and offer more yard space than new builds. These homes can also be more affordable.
On the downside, established homes may need repairs and renovations. They may also have outdated features, like old electrical wiring, lack of insulation and may need some major repairs or remodels, which can make it more costly for buyers.
Overall, the decision between a new home and an established one will depend on your personal preferences and your family’s specific needs. It’s recommended to consider your budget, location, and requirements of the property, before making a decision. Here at Amber Werchon we have a great team of professionals who can help you make a well-informed decision. Whether you are buying or selling, give our office a call on 5430 0888 or email info@amberwerchon.com.au