Buy existing or build new?

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The Reserve at The Vines, with its mix of generous family and lifestyle sized homesites is a community where quality and exclusivity have been considered at every level and homebuyers can dream big about their ‘forever home’.

Whether you are looking for a place to live or an investment property, every homebuyer faces one big decision: to purchase established or buy land and build a new home from scratch?

The decision will ultimately come down to your key priorities – location, budget, personal style, size and layout.

Other factors include energy efficiency, maintenance, how soon you can move in and what community services are available.

The Reserve at The Vines, with its mix of generous family and lifestyle sized homesites is a community where quality and exclusivity have been considered at every level and homebuyers can dream big about their ‘forever home’.

According to Group Sales Manager for LWP, Tony McEntee , many investors and second or third homebuyers love the convenience of a complete house and land package, backed by the sophisticated building guidelines developed by LWP for The Reserve.

“A timeless and elegant architectural style with a palette of muted and earthy tones is encouraged at The Reserve,” he said.

Natural feature materials, such as stone and timber, and highlight elements like entries, porticos and verandahs are also detailed in the design guidelines.

“The result is a collection of homes that are both sympathetic and connected to the natural features of the surrounding golf course and bushland,” he said.

In addition, new homes are more likely to be built to a higher energy efficient standard, he added.

“The design guidelines also identify ways buyers can reduce the carbon footprint of their new home and save on running costs. Building new means you can consider solar passive orientation and building materials that assist with energy efficiency as well as PV panel systems, grey water systems and more.”

It also means you can select the cosmetic touches that will make you happy – from bathroom tiles and a kitchen splashback to roof tiles and bricks – instead of making do with a dated layout or someone else’s taste in benchtops.

While buying an established home can typically be quicker than building a new house, you might find that building might not take as long as you think.

With many titled lots available on the Perth market, including several homesites at The Reserve, and some great pre-approved house and land packages on offer, you could be in a new home within three months.

Tony said while some people found the thought of building a new home daunting, buyers often got a lot more value for money, with little to no maintenance for the first few years.

“There is generally less competition for that block of land you have your eye on and builders can build your home along with many other peoples at the exact same time, meaning you typically get more bang for your buck,” he said.

“Likewise buying in early to a development often means to you gain the benefit of facilities and services as the development grows and the capital growth that goes with it.”

To learn more about building your dream home at The Reserve, get in touch.