Your First Home: Build or Buy?

Your First Home: Build or Buy?

Moving onto your own piece of land is going to be one of the best moments of your life. If you have managed to save up enough money to buy your own real estate property, the most important decision that you need to make is whether to build or buy. You can either buy a pre-constructed, well-designed home from contractors and builders in Christchurch, or you can just buy a piece of land and then hire a contractor to build your house from scratch. Both options have their own advantages and disadvantages, so it’s important for you to think long and hard before making a decision.

Buying a Pre-Constructed Home

There are plenty of contractors that have show homes in Christchurch. If you decide to buy a pre-constructed home, the first thing that you will need to do is find a reputable developer in the city. Most developers will give you a walkthrough of a model home. You can see the attention to detail and the quality of material used in the place before making a decision.

Private contractors and developers often provide warranties and guarantees with every home purchase. If you already own a piece of land, you can also hire a contractor to construct a similar house as one of its show homes. The company will give you a square metre rate depending upon the type of place you choose.

Buying a pre-constructed house is generally a better idea for people who want to play it safe. You can browse through different model houses and show homes and choose one that best suits your needs. Most contractors have houses to sell in different neighbourhoods throughout Christchurch, thus giving you lots of choices. Pre-constructed houses are also likely to cost less as compared to hiring a contractor for new house construction.

Building Your Own Home

If you have just bought a piece of land, you can also hire a contractor to build your own dream house. You can choose from previous designs, or opt for a completely new house design. The construction company will work closely with you in order to come up with a unique and stylish house design that best suits the needs of your family.

Obviously, custom-designed houses give you lots of flexibility. You can choose the material for the flooring, the paint on the walls and any woodwork that you want done around the house. The contractor will show you a variety of different options, and will also inform you of the difference in prices.

Budgeting is important if you have decided to hire a contractor to build your own home. Most contractors don’t provide a lump-sum quote for house construction. Instead, they will give you a ballpark figure, since prices of materials tend to vary. However, you should know that house construction takes a bit of time. It will take at least two to three months for the house to be built. Therefore, if you have to move out urgently, this might not be a good option.