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Advantages of Buying a House

Buying an established home comes with many advantages. Here’s looking at some of them.

WISWYG

When you buy an established home, you are looking at the final product with nothing left to the imagination. If you like what you see, simple steps such as a building and pest inspection as well as a property valuation can help you identify any hidden issues and take remedial action before moving in

Quick action:

One of the main advantages of buying an established house is that the process is easier. You get to have a look at the finished product and decide if it works for you or not. And the process is quick, you can move in soon after buying.

Established infrastructure:

When you buy an established home, you can actually assess the entire neighbourhood in terms of amenities and facilities such as public transport, good schools, or shopping centres and cafes are nearby.

Larger land size

As has been the trend in the market, new land blocks can be smaller. If you buy an established home built a few years ago, you might get a larger block of land compared to newly built homes. If a good-sized backyard is important to you, established properties might offer better options.


Advantages of Building a House

Building your own home from scratch can be a very fulfilling experience. Let’s look at some of the advantages:

Build it your way

The biggest advantage of building a new house is that you can design it to be exactly how you want, within the limits of your budget. You can choose the colours, materials, appliances, fittings, floors, etc. You can decide on the right layout of the house in view of your stage of life and future plans.

Save on stamp duty

In general, when you buy a house, you pay stamp duty based on the value of both the land and the house. However, on the other hand, when you buy land to build a house, you only pay stamp duty based on the value of the land. This means you don’t have to pay stamp duty on the house you build. This can help with save a significant amount of money.

Modern features

Technology keeps changing all the time. As a result, a big feature and advantage of building a home is the range of options you have to make it energy efficient. Solar panels, environment-friendly window glass, rainwater tank are just some of the features of a new house. A new home should cost less to heat and cool. Repair bills will be generally lower for new homes because all fittings are new.

Construction loans

When you take a construction loan in order to build your home, you will see that the money is released in stages as the building work progresses. This feature helps you be in control and make sure you're only paying for work that's been completed. What's more, you only need to pay the interest on your loan until your home has been built.

Like all situations with choices, there are pros and cons to both options. If you need to consult an expert, please call Reliiance Financial Solutions on 02 98937881 and we’ll be happy to discuss your options with you.

Loans by Reliiance Financial Solutions

We all have different needs and requirements. Let our knowledge and experience help you get the most suitable financial solution for you. At Reliiance Financial Solutions, we work with you, for you.

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FAQ

At Reliiance Financial Solutions, we have been privileged to have worked with hundreds of remarkable individuals and families.

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