If you take pride in finding a bargain, I’m with you! We work hard for our money and want to ensure we’re getting the best value when we spend it. But here’s the question: Does the lowest price always mean the best value?
If an item breaks down quickly or doesn’t function properly, does it matter how cheap it was? You’d probably still feel ripped off.
Clearly, value is about more than just price. It also means durability—getting the most use out of an item and ensuring it stands up to wear and tear. Even if it costs more upfront, a product that lasts longer ultimately offers better value for money.
Look around your home. Which items do you value for their performance? Were they the cheapest?
The old saying rings true: “You get what you pay for.”
Now, let’s consider the biggest purchase most people make in their lifetime—your home.
Building vs. Buying: What Are You Really Paying For?
When it comes to buying a home, emotions run high. If you’ve decided to build rather than buy an established home, you’ll likely find yourself visiting display homes, where builders use clever marketing tactics to appeal to your senses—sight, smell, touch, and sound—while tempting you with the latest upgrades.
Before you sign a 30-year mortgage that takes up a third to half of your income, pause and ask yourself: What exactly am I getting for my money?
With an established home, what you see is (mostly) what you get—although hidden surprises may lurk behind the walls. That’s why building and pest inspections are essential.
Currently, established homes tend to be cheaper than new builds. However, new builds come with better energy ratings.
Why Does Energy Efficiency Matter?
A well-designed new home is cheaper to run because:
- Insulation, construction methods, and materials reduce heating and cooling costs.
- Modern appliances are more energy-efficient.
- There’s less need for renovations or upgrades in the near future.
That all sounds great—but only if quality materials are used!
The Hidden Costs of Cheap Building
What about the quality of the materials? How are they installed? Their impact on your health? Their long-term environmental effects?
Many assume builders take care of these concerns automatically. But in reality, it depends on the builder’s values.
If a builder is offering a cheap price, they’re also sourcing cheap materials—bringing us back to the original question of cost vs. value.
A builder who prioritises quality may charge more upfront, but their focus will be on factors like:
- Energy efficiency
- Sustainable materials
- Long-term durability
How to Compare Builders & Get the Best Value
If you’re planning to build, always get at least three quotes and compare them side by side. To help you do this, we offer a FREE home build comparison sheet (insert link).
This tool will help you:
- Ask the right questions when speaking with builders
- Get a clear picture of the total cost of your build
- Compare inclusions from different builders to ensure you’re getting the best value
Don’t just go for the lowest price—go for the best value. Best Value comes from quality materials and excellent tradesman-ship.