The Two Main Types of New Home Builders
Posted on: 13 January 2020
Owning a home is an intrinsic part of the Australian dream. For many people, building a brand-new home is a great way to achieve this ideal. It's an exciting and rewarding project and a great way to ensure that your new home looks beautiful and meets your household's functional needs.
After finding a suitable block of land or a suburb where you'd like to live, the next step is to find the right home builder. This can sometimes feel a little daunting because there are so many companies that offer these services. To help you make the best choice, here are the two main types of home builders and what kind of homes you can expect to build with them.
1. Speculative builders
Speculative builders provide their clients with house and land packages, often in a subdivision that they have purchased and developed. This is an excellent option if you're a first-time buyer because it's a hassle-free and streamlined process, with all the paperwork and legal side of things being dealt with by the builder.
Choosing a speculative builder doesn't allow you much freedom to customise your home because you can normally only choose from a limited number of plans. However, you will be guaranteed a fast build time and a very affordable price tag.
Buying this type of home is generally a sound investment and a great way to start climbing the property ladder. Buying a new build home in a newly established estate can see its value rise significantly as construction in the area finishes, gardens mature and more amenities are added.
2. Project builders
The second type of home builder is project builders. Like speculative builders, they generally offer a set range of plans and styles to choose from. However, there is much more room for tweaking layouts, materials and specifications in your home with a project builder. You're also less restricted with land choice and are free to find a block of land in your ideal location.
Sometimes known as volume builders, project builders are able to keep costs reasonable and deliver a quick build time. This is because of the economy that bulk-purchasing and employing regular contractors provide.
Most project builders also have display homes in new housing subdivisions so that you can get a better idea about the aesthetics, materials and finishes that the builder can achieve in your home. The display home staff can also help you to change and adapt their standard plans to better meet your household's needs.
To learn more about new home building, contact a residential contractor in your area.
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