Whether you want to make your own changes to existing plans or design from scratch, it's your call. Take the opportunity to choose what suits – from the style of bricks, tiles, carpets, taps and door handles to the position of the power points and lights.
Save on stamp duty
When you buy an established house, you pay stamp duty on the purchase price, whereas when you build, you typically only need to pay stamp duty on the land price. This could save you a significant amount in upfront costs.
A good way to invest
Building and then renting out a new home can be an effective way to invest. You can take advantage of better capital depreciation with a new home, as you can claim deductions over the maximum life of the property.
If you buy the right sized block and it's eligible for subdivision, you could build more than one home and start to develop your property portfolio. You could save time and potentially money by building more than one home at once, or by building in a certain position on your block to allow for future development. Each council will have their own rules and regulations about subdivision, so make sure you do the research.
When everything is new, it means less repairs and maintenance around your home.