When it comes to buying property, the decision of what type of home you want is one of the hardest you will have to make.

With so many options available, all with their own positives and negatives, how do you decide? Well, as property experts it is our job to help you through your property journey by offering our advice to best assist you in achieving your property goals.

Everyone looking to purchase property is at different stages of their lives and it is important to weigh up not only the stage you are in now, but where you see yourself in two, three, five and even ten years’ time, this can shed some light onto the size, style and features you may want to consider.

All property types have their positives and negatives but it comes down to the individual and their needs. Here are a few things to consider…

House (Pre-existing)

Positives

• Room for more (growing families)

• Flexibility with renovations/ extension

• Usually bigger block sizes

• High demand

• Higher rental income

Things to consider

• Affordability

• Wear and tear from previous owners/tenants

• Structural maintenance

Unit

Positives

• Popular locations without the price tag

• Low maintenance

• Great investments

• Affordability

Things to consider

• Restricted with renovations/ extensions (title dependant)

• Size

• Close to neighbours
  

New Build

Positives

• You design exactly what you want

• Everything is brand new and meets all regulations

Things to consider

• You first need to purchase land

• Can be a lengthy process

• Involves gaining council approvals and restrictions

Off the plan

Positives

• You have time to get you finances in order

• Options to customise

• Everything is brand new and meets all regulations

Things to consider

• Time to build/construct

Which ever way you decide to go, it is important that you do your research to work out what is best for you. Don’t hesitate to get in touch with us if you want any further advice or information.