Why Building A New Home Is Better Than Buying?
We understand the significance of building a home. It requires careful planning and consideration, which is why we pay close attention to each stage of the building process. From choosing where to build to selecting fixtures and finishes, the Better Built Home process is a journey towards building a new home.
If you’re in the market for a new home or property, make sure you read this guide to find out why building a home is better than buying one. Project Homes Sydney
Your Choice
Remember the story of Goldilocks and the three bears? She had her pick of everything so that it was just right. Well, when you build a house from the ground up, that’s precisely what you get.
Enjoy high-end home inclusions and promotions, our signature outstanding customer service and a wide range of modern home designs in various building locations throughout Sydney; after discuss with us you can easily understand why we’ve been voted the best home builders in Sydney.
Save On Stamp Duty
We’ve all heard of it, but many of us aren’t aware of how it impacts the final cost of your home. And while it has little to do with the post offices, it has everything to do with owning your home and the costs associated with it.
When purchasing a home, stamp duty is payable based on the total purchase price, whereas only the land price is dutiable when building a house. While every homeowner will have to pay some form of stamp duty, depending on the cost of your home, this could amount to a significant sum.
Brand New
Buying an existing property means inheriting what’s already there. Whereas building your own home means getting exactly what you want. And the best part is, it’s brand new. Rather than go down the fixer-upper pathway, you can avoid older homes that are functionally obsolete for the modern comforts and luxuries of a Better Built Home.
First Home Owner Grant
A one-off cash payment of $10,000 for eligible first home buyers, the First Home Owner Grant can be used to purchase a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated. While eligibility varies from state to state, in NSW, for example, the purchase price of a new home must not exceed $600,000.
However, if you purchase vacant land and sign a building contract with a builder, the value of the vacant land plus the value of the building contract plus the cost of any building variations is combined and must not exceed $750,000.
That’s an extra $150,000 worth of wiggle room that could save you $10,000.
Are you building a new home? Contact us today.
If you require further advice or information for building a new home, get in touch with one of our seasoned home building experts. To learn more about what you need to know as a prospective home builder, check out our other blogs or visit us at simonehomes.com.au or get inspired by our range of home designs today!
