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- Posted by: Yvonne F. Berg
For many people, owning their own property is a life goal. It is becoming more and more popular for people to choose to buy land and design their own home rather than purchasing an already existing property.
Whilst the opportunity to design the property of your dreams can be incredibly exciting, it can also be daunting. If you don’t know what you’re doing, it can be easy to fall into traps and make costly mistakes. Therefore, it is important that all new home builders in Perth are well informed and well prepared before beginning their project.
Keep reading to find out everything new home builders in Perth should know.
Understand the finances
The first thing anyone needs to consider when purchasing anything are the financial aspects. New home builders in Perth will need to first establish how much they can borrow from a financial lender as well as how much they can afford to borrow.
Costs to take into account when designing a new property include:
- The cost of land
- The cost of an architect
- The cost of materials
- The cost of labour
- Deposit, stamp duty, transfer duty.
Knowing the numbers and sticking to your budget will prevent you from over committing to a project that you are unable to afford.
Don’t compromise on quality
There are a huge range of companies that help new home builders in Perth to create their dream home. However, as with most things, not all are made equal. These companies will differ in price, what they offer, and also in quality.
Whilst it can seem tempting to opt for a company that offers a cheap deal, it is generally not worth compromising on quality. If something appears too good to be true, it probably is.
It is important not to forget that once the property is complete, you will be living in it. Therefore, you want to feel safe and secure knowing that it is of a high standard and you have not scrimped on important features.
Reputation of the builder
The professional you hire to erect your property will have a huge impact on the final result. Due to this, it is important to find a professional with a good reputation. If you are a new home builder in Perth and have family or friends who have recently designed a property, ask for their recommendations.
It is important to be upfront with the professionals you hire and ensure that they understand exactly what it is you want and what your expectations are. Don’t be afraid to ask questions or get them to run you through the process so you know what to expect.
Build to resell
Regardless of how much you may love the property you are building, it is always recommended that you future proof your investment. This is especially true for new home builders in Perth; there may come a time when you decide that you want to move on and sell your property.
One of the main things to consider is upgrades, will these add value to your home, or put it simply put your house into a price bracket above that of the area? If something is not adding value or is pushing your home too far above the price for the area, it may not be worth it.
Furthermore, consider elements such as colour scheme. Try to opt for neutrals and shades that will be appealing to the mass market. This should make the process of reselling the property much easier.