Three Reasons to Build Your Home Now

One of the most common dreams that many people have today is to have a home that they can call their own. However, above just owning a home is to own one that they have built. By taking this extra step, having a home custom-built, the home buyer can then have one that they know doesn’t have any problems and is tailored to their lifestyle, desires, and needs. For some time now, the home building market in Australia has been a little stagnant. With the world’s economy the way it is, money for new home construction is not available and there was little approval for those new homes to be built. However, times have changed and it is now a great time to put those dreams into action and be in that newly built home before the year is out. Why?

New Home Approvals Have Increased

Now is a great time to get that new home built, as approvals to build or renovate houses and apartments gained 3.1% from January, according to the Australian Bureau of Statistics. Economists had expected a gain of 2.5% on the previous month, when approvals fell 2.0%.

This approval rate is also coupled with The Reserve Bank of Australia cutting interest rates by 1.75 percentage points since November 2011 in a bid to revive activity in weaker parts of the economy like home building. The latest cut, in December, took the cash rate to 3%, matching a low reached in 2009 in the aftermath of the global financial crisis.

New Homes Rebounding in Price

Another reason for building a new home now is that the actual appraisal of the home will continue to rise as the economy rebounds. This means that the money you are putting into a new home construction today is an investment that will continue to gain in return if you ever think of selling the home.

New Homes Are Advanced in Innovations

There have been many innovative advances in new home construction in just the last five years. Many homes now can be built to very advanced technical specifications. In our day of smartphones and iPads, contractors can install features which cater to these devices so you can easily turn on lights, arm your security, work heating and cooling functions, and even run a bath for you so it ready when you get home from a long day of work.

Besides the technical aspects, building materials have also evolved in the last few years. Insulation is much more efficient and easily installed. Whole house heating and cooling can now be done with much smaller appliances, but with much more efficiency and with a smaller footprint on the environment. Roofs can last longer, siding can now withstand hurricane winds, and decking lasts for 50 years. All of these great innovations, and much more, can all be built into your new home.

Building a new home is a good idea right now. With people to help, like BuilderSelector, not only is now a great time, but you can also get priceless help and guidance to save you money and plenty of heartache.