If you’re trying to decide whether to buy an existing house or build a new one from scratch in Auckland, there are a few important considerations that you need to take into account. In this article, we are going to discuss the pros and cons of both options. Hopefully, after reading this you’ll be able to make a more informed decision.
Let’s dive in.
Why buy an existing house in Auckland?
There are important pros and cons to both options. Let’s start by discussing the main benefits of buying an existing house rather than building a new one.
You know exactly what you’re getting
When you buy an existing house, you know exactly what you’re buying. You can turn up to an open home and see for yourself the house and get pre-purchase inspections to be sure that you’re buying a solid home that’s built with high-quality materials.
You’ll be living in an existing neighbourhood
When buying an existing house you’ll also be buying into an existing neighbourhood with established schools, shops, etc., whereas if you’re building a new home, you’ll probably be moving into a new neighbourhood as inner-city land is very hard to come by.
It might be cheaper
Sometimes when building a new home, you require a larger deposit, and construction costs can go over budget. Of course, this can be mitigated by working with an established Auckland building company with a track record of success like Ikon homes.
Why build a new home in Auckland?
Now that we’ve covered a few of the benefits of buying an existing house, let’s discuss some of the main benefits of building a brand-new home—specifically the design and build option.
It can be cheaper
In most residential developments, the developer is required to sell a certain number of properties off the plan before construction can begin. Sometimes, this means you can get a great price if you’re one of the first buyers.
You get exactly what you want
When building a brand-new home, you can design it exactly how you want it. Even when building a new home using standardised plans, you can still choose your own specifications and easily alter the plans to suit your preferences. If you buy an existing house and renovate it, the costs can quickly add up making it more expensive than building from scratch.
It’s better for the environment
Brand new homes are built with the latest materials and are designed to be much more energy-efficient than older homes. This means you can save a lot of money on power bills over time.
It can be a great investment
When building a new home in a new subdivision, you can often earn higher capital gains once the suburb becomes more developed and demand for houses in it increases.
Why Ikon Homes?
Whether you already own a section or you’re considering purchasing a specific site for a new home, the team at Ikon Homes is here to make your dreams become a reality. We understand that building a new home is one of the biggest investments you can make, so we’ve designed a thorough process to help make the whole journey as easy as possible.
Here’s how we work:
- We start by meeting with you on-site so we can discuss your visions for your new home. We have existing home plans you can choose and make alterations, or we can start with a blank canvas and design a completely custom home.
- Our expert in-house designer will then design your house plans, making sure they comply with all town planning rules and covenants.
- We then provide you with a detailed quote for your home.
- Once you’re completely satisfied with the plans and the quote, we get all the legal formalities finalised and start the building process.
When working with Ikon Homes, we give you a full and final quote (not an estimate). On top of that, our process also saves you thousands of dollars since we don’t charge you huge fees for drawing up plans. If you’d like to hear more about our Auckland design and build process, please get in touch today.