To Buy or to Build?
If you are looking for a new place to live there are a lot of different ways that you can go about finding it, with one increasingly popular approach being to buy an older place, knock it down and build a new home in its place. The following looks at the pros and cons of taking the knock-down rebuild approach.
Make Your Home Exactly the Way You Want
One of the biggest advantages of a knock-down rebuild is that you can have your new home built exactly the way you want, rather than having to settle for a place that is in the location you want but isn’t exactly the style of home you are looking for. So whether you are dreaming of a grand mansion or a holiday kit home by the beach, if you are having trouble finding that ideal home, the knock-down rebuild route may be just what you need.
When deciding on whether to build your own home or to buy, there are a number of things to take into consideration. You may be looking to buy and have not considered building, or you may be in the position where you are sold on the idea of kit homes and are looking for the right block of land. Either way, there are a few little extras you should be thinking about:
The purpose of the property
Firstly you need to think about the purpose of this real estate. Is it for an instant boost of income or for longer term growth? For a complete stress free experience you may want to lean towards building because of the low maintenance costs. You may also find that you will land yourself a better type of tenant if you plan to rent out the property.