Building has its own pros and cons (see our Building section for more about what’s involved in the building process).

Pros of building:

• The home, fittings and appliances are brand new
• You aren’t inheriting someone else’s problems
• You get the kind of home you want (within your budget constraints)
• You can get personal satisfaction from being involved in your home’s design and build process.

Cons of building:

• Building process takes time and effort, and it can be stressful 
• Many building projects take longer and cost more than planned
• You’ll also have to landscape the section
• It can be hard to tell how things will look from the plans, so the finished product may not be exactly what you’re expecting
• Sections are more readily available in new areas – and it can be hard to know what the area will be like.  New neighbours may also build out your view.

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The content on our site is for information only. You should obtain professional advice relevant to your circumstances. Our lending criteria, terms, conditions and fees apply to all loans. Contact us for more details.