Investing in a home means investing in your family’s future. It’s a significant investment that demands proper planning and execution. Be sure to proceed with a clear roadmap and secure a satisfactory home ownership journey for yourself and your family. Before you get started, you must get clarity on diverse fronts –
Your financial position - how much can you afford to spend without draining your resources or overburdening yourself.
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Your lifestyle needs and home ownership goals – a clear vision regarding what your home should look like and the lifestyle you want.
Why Choose Custom Build Over Established Properties?
When investing in a new home, one of the foremost things you need to determine is whether you wish to build a home from the ground up or purchase an existing property. While buying an established home can be a convenient option, allowing immediate move-in, building a house from scratch can prove to be an affordable and satisfying process.
Build the Home of Your Dreams
Finding a home that matches your vision and perfectly fits your needs can be complex. You might not find a property that aligns on all fronts, even after multiple searches. If you decide to settle for a property that comes closest to your expectations and then renovate it to make it compatible for you and your family, it will be costly and time-consuming. Stay clear of all such complications by investing in a custom build. Find a lot about your dream location, plan each aspect of your home and see your dream home come to life.
A Profitable Bargain
Here’s how you can save a significant amount of money –
- You must pay stamp duty on the lot, not the entire property.
- Several territory-based financial grants and concessions are available to people building a new residential property.
- Existing properties typically require a 20% down payment, whereas buying land may only require as little as 5-10%.
- You won’t encounter any repair or maintenance for a long time.
- You can invest in sustainable and energy-efficient methods of today and do your bit towards preserving the environment while saving on your energy bills.
Home Ownership Checklist
As experienced land developers who have overseen and completed several projects, we have brought you a home ownership checklist to get you started on the correct front.
Home & Location Essentials
To turn your vision into a workable blueprint, you must first list essential home features that you need and can’t compromise on. It will help us determine the perfect lot for you and build the home of your dreams. It could include the number of bedrooms, proximity to public transportation, schools and other amenities.
Your Wishlist
Consider these as features that are nice to have but not essential – they won’t significantly impact your lifestyle if left out. Once your essential needs are met you can consider adding these features, if your budget allows. It can include anything ranging from a swimming pool and garage to built-in furniture.
Financial Health Check
Precise financial planning is mandatory to complete any home-building journey successfully. Determine how much money you have, how much you are willing to borrow and can borrow without overburdening your resources and what are the potential financing options. This will give you a clear picture and proceed with a clear financial plan.