Benefits of buying new

Oct 18, 2021

A newly built or off-the-plan apartment means that come settlement, you’ll have a pristine space that is yours to enjoy. There are many more benefits that can come with buying new, check out our top reasons on why it could be right for you.

Buying a brand-new apartment is a great option for aspiring homeowners. Caydon’s Principal, Joe Russo, says that buying new opens a world of possibilities that simply aren’t possible in a pre-existing home.

“Buying a brand-new apartment means you can have input on the design and interiors to suit your unique preferences. When you buy off-the-plan you can even select the exact apartment you want, and you’ll have longer to save while construction takes place,” he says.

Read on for just a few of the benefits that come with buying an off-the-plan or newly built apartment with Caydon.

It makes financial sense

Buying new can save you money – particularly for those looking to get a foot on the property ladder. If the apartment is your first home, you might be eligible for significant stamp duty concessions or exemptions, as well as a First Home Owners Grant which applies to newly constructed residences.

Caydon developments are all located in enviable inner-city pockets within 10km of the CBD, where the value of property can rise quickly.

More time to save

As previously mentioned, the construction of your apartment gives you plenty of time between putting down your initial deposit and paying the remaining amount upon completion.

This could be an opportunity to continue building up your savings, while also allowing plenty of time to work with your mortgage broker or preferred lender to decide on the best financial solution for you.

You’ll enjoy the latest technology

New apartment buildings are designed with the latest technologies, which makes them far more energy efficient and sustainable over pre-existing apartment blocks. For those looking to lower their carbon footprint, a new build is a great option.

Caydon places a high importance on minimising environmental impact by incorporating features like solar power, energy-efficient appliances, high-quality insulation for thermal and acoustic benefits, large windows to capitalise on natural light and motion-sensor lighting in communal spaces.

You won’t have to worry about maintenance

Established properties can sometimes come with hidden issues relating to plumbing, fixtures or energy efficiency. Caydon apartments have a 90-day rectification period after settlement as well as a seven-year builder’s warranty and a one-year warranty on fixtures and fittings.

Often, Caydon developments have an on-site building manager who ensures any repairs are attended to immediately, while the body corporate will be there to look after regular maintenance and cleaning of the building exterior and shared spaces.

A brand-new space

There’s nothing quite like the feeling of a newly built home. One of the key benefits to a brand-new apartment is that your space will be pristine – everything from appliances to joinery and light fittings will be newly installed and you’ll be the very first to enjoy them.

If you’re ready to buy a brand-new Caydon apartment, explore our range of available properties.