Living on acreage is a dream lifestyle, so does a new or old home make a big difference? We can assure you the answer is: it makes all the difference.
Choosing to buy or build is a personal decision, and each has its own pros and cons. The choice is impacted by budget, timelines and personal preferences. But, in our years building luxury homes, we’ve come to realise it’s the vision for your home that trumps everything else.
People who buy acreage property do it because they love the lifestyle: the privacy, the views, and the connection with a laid-back local community. They have a vision for the way they want to live.
Can you buy that vision off the market, or do you have to build it from scratch? Let’s take a look.
The pros and cons of buying an existing acreage home
You might think buying a home is quicker and more convenient than taking on a building project. But, unless you strike it lucky, it’s often not as straightforward as you think.
You’ll still need to decide what size home you want and which location you like. Then you attend open homes and auctions and submit offers. Once a contract is signed, you’ll wait for settlement which is typically 30 to 60 days.
Most home buyers spend an average of three to 12 months searching for and settling on a home.
One upside of buying an existing acreage property is that there may be more properties on the market than vacant land. Having said that, many acreage homes are an older style and people instead choose to knock down and rebuild.
The drawbacks of buying an existing home are worth taking into account. For instance:
- You may need to compromise on the features you’d like in your home.
- Maintenance and renovation costs can be high (especially for older or poorly built homes).
- You might find hidden defects or major issues that didn’t show up on building inspections.
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The pros and cons of building your own acreage home
People with a vision for their acreage lifestyle usually prefer to build their quintessential dream home from the ground up.
The best part about building your own home is that you get to make it entirely your own. You can choose from existing designs and tailor them, or have new plans drawn up based on your vision.
That kind of customisation allows you to infuse your home with your unique sense of design, style, features and finishes.
Building a new home ensures you get the highest quality build using premium materials. You know exactly what you’re getting, and you get a builder’s warranty to take care of any issues.
You can choose your builder and watch the magic happen without having to manage the project yourself.
Optimising your land
Here are a couple of other factors to consider. First, building your own home allows you to orient your home so it catches the best light, breeze and views. You can leave space for other features, such as a granny flat, stables or animal pens, orchards and vegetable gardens.
You can add a bed and breakfast, a wedding space for hire, or sheds for a boat or caravan. Building your own home gives you the luxury of using your space however you like.
Secondly, it’s likely a new home will earn greater capital growth over time than an existing building that is already years or decades old.
How to choose a home design
For many of our clients, an acreage home is a statement. It’s a work of art that they create and live in. It is harmonious with nature and offers a lifestyle of peaceful luxury.
You can start by looking at home designs and identifying the styles you like most. We specialise in building luxury homes on acreage that are customised for you and exceed your expectations.
Browse our range or contact us for a chat and to ask any questions. Our friendly team are always ready to help you in any way we can.
