Locking in your new home purchase price now will save you money. Over the last year home prices rose an average of 8%. That is an excellent return on investment if you are in that market. If you are building a home for your family or to grow one it only makes living more expensive.
The average homeowner doesn’t have the cabbage to flip houses when the market swells. We want the most home for our money. It isn’t complicated, yet somehow very difficult. New-construction home builders are doing their best to meet the demand of growing families in NSW.
You will find beautiful housing estates all around Sydney, Central Coast, Illawarra, Newcastle, and Hunter. Go for a drive and see the quality of construction in progress or visit their sample homes at a sales office. Take the time to fill in the blanks and details of your dream home in sample houses.
Within these estates, there will be completed spec homes ready to occupy. Spec homes are built with various designs focused around the most frequently requested amenities, bed, and bath count for that area and the market.
When you find the right builder, you can build anything. Does your professional homebuilder have design and engineering teams ready to create a home of distinction? Do they offer fixed-price contracts? What is the initial investment? How transparent is the construction process? Do they use 3rd party inspectors? Is their trade workforce employed or contracted?
The estate homes are sold as a package, but perhaps you already own some land and would like to build there. No worries. They will bring the materials to you and construct your dream facing the setting sun just right.
Modular homes are allowing builders to meet demands with the efficiency of a home factory. Government-incentivized home construction schemes are not meeting demand. A modular home can be assembled on a pre-poured slab in three months.
Have you seen the 3D-printed homes? The latest record for a double-wall construction poured concrete home in 24 hours. The average takes three weeks to complete the build-out of internals. utility systems, windows, etc.
If you want a home you need to be on your toes. Homes for sale spend less than 30 days on the market. When looking to buy an existing home have your funding in order. Ask your bank about any home buyer or construction programs they have. Your investments with them could reduce rates and/or fees associated with home purchases.
The First Home Owner Grant (FHOG) is a $10,000 grant from NSW for your first home. It is forgiven if you stay in the home for more than one year. There are other simple criteria to meet for this grant. You can be fully informed and apply using this government page link. Your home builder, real estate agent, or mortgage broker should know about this program.
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