To build or not to build…

Deciding to build your own home or an investment property is an enormous decision and one requiring great faith in yourself, but more importantly, great faith in your chosen builder.

Choosing your builder will be one of the single greatest contributor to your success and despite the daunting task ahead you’ll deserve a pat on the back at the end of the process with your new keys in hand.

But why build your own place rather than purchasing an established property? The truth is, there are many good reasons to build than there are to buying established, but on the flip-side there are a couple of downsides.

Let’s first look at some of the positives. When you build you are employing somewhere between 50 and 100 people. Concreters, plumbers, bricklayers, carpenters, plasterers, electricians, painters, landscapers, truck drivers, brick makers and more. By building you are doing your bit to bolster the local economy.

Another good reason to build is you are more likely to get exactly what you want in your home because you are designing it and selecting inclusions. When buying established you will always find fault and compromise is always on your horizon. It might be things easily fixed, such as a the colour of walls or the use of wallpaper. It may be the lack of a dishwasher or a carport rather than lockup garage. It is unlikely you will even find the perfect property where all your preference boxes are ticked.

The downside of building is finding a block of land right where you want it and the time between designing your home and moving in. The actual build doesn’t take long, but the paperwork prior to getting your slab down can be excruciating.

Over all the process appears daunting but when you sit down with a professional like you builder who can lay out the steps for you it becomes far more palatable. The most important thing in the beginning is finding a builder you feel comfortable with. Don’t let yourself be rushed by high pressure sales techniques, take your time and absorb the information you are being given. Listen for discrepancies between what each sales rep tells you and don’t be afraid to query why one might say one thing while another tells you something different.