Buying vs. building

Buying vs. building


When it comes to your next home, there are many things to consider.

Choosing whether to buy or build is an important decision that all home buyers must make. But with pros and cons to each option, working out what's right for you it isn't always simple.

Here are some important things to consider to help you decide whether to shop for an existing home or to build new.

Buying an existing home

For some, buying an existing home can be an easier option. In most cases, the house will come fully built and ready for you to move in as soon as you get the keys.

If you have a long wishlist of what you want in your home, you may find it challenging to find a home that meets all your needs.

However, there is always the option to renovate the property before you move in, or further down the track.

Building a new home

While building can be a longer process, it can provide an opportunity to create a home that ticks all your boxes, is energy efficient and complies with modern building standards.

With many new housing developments across the country, you may be able to save money by scoring a competitive house and land package.

Keep in mind that you may need to pay more for the finishing touches like landscaping, driveways and fencing.

Finding the right finance

Whichever option you choose, it's important to secure the right home loan for your individual needs.

To discuss your lending options or find out whether you're eligible for any government grants, contact your local Mike Pero Mortgage Adviser.

Or, for support to find your next new home, contact your local Mike Pero Real Estate Agent.


Mike Pero (New Zealand) Ltd Copyright © 2020 All rights reserved | Lending and policy criteria and terms and conditions apply. Content on this website is general in nature and is not a recommendation, opinion or guidance to any individuals in relation to acquiring or disposing of a financial product. Readers should not rely on this content and should always seek specific financial advice appropriate to their own individual circumstances.