Generally speaking, our state has a higher proportion of homeowners who’ve built their home, over those that have moved into a pre-built dwelling. But that is beginning to change, as the building materials supply chain gets longer and more costly. Here are a few other factors you might want to bear in mind when deciding to either buy or build.

Pros for Buying:

• CONVENIENCE – Once you have a pre-approved loan amount, you can simply shop around, pick a home, and make an offer
• YOUR SCHEDULE – If you’re on a specific timeline, buying is the fast track, especially if you’re willing to compromise a little on your ideal home
• LOCATION FIRST – For some, the address is one of the first considerations – we might need to live near work, school, friends and/or family – which is much easier to achieve when buying an existing home
• CERTAINTY – One of the biggest pros to buying is a con to building – an existing home removes all the uncertainly around availability of construction materials and labour, which is in very high demand 

Pros for Building:

• FULFIL YOUR DREAM – This doesn’t mean you’re looking to build a palace – it simply means you are able to build the home that is ideally suited to you and your lifestyle
• GOOD FOR YOU AND THE ENVIRONMENT – For the most part, building from new will already incorporate the latest and most environmentally friendly materials – with options for you to take this consideration to even greater lengths
• TIME TO SAVE – Because building a home takes time, you have time to save as the full amount to be paid is only upon completion and when the builder hands over your keys