A major consideration when buying new real estate is the type of building material used. From wood to brick and mortar to stone, there are a number of choices, each with their own advantages and disadvantages.
Building materials can impact you and your home in a number of ways, so it’s important to do your research and keep the advantages and disadvantages of each type of building materials at the forefront of your mind. Here are some of the most important things to consider when looking into building materials.
The Impact on Your Health
In the past, we’ve seen how building materials has had a negative impact on people’s health. Just look at asbestos and the health impact it caused. While much of asbestos has been removed, there are other building materials that pose health risks. John Spengler of the Harvard University School of Public Health warns individuals about the health risks of the use of synthetic organic compounds in building materials. The increase in use of these products has also increased the level of exposure people have to known carcinogenic particles.
Synthetic organic compounds are things such as plastic, polyvinyl chloride (PVC), and formaldehyde (used in pressed wood products, such as plywood, and glues and adhesives).
The Impact on Your Finances
The use of certain building materials drives up the cost of construction and the price you’ll have to pay for your home. Whether you’re looking at investing in rural real estate or residential real estate, the materials you select will vary in price. For example, Forest and Wood Products Australia is spearheading a new timber law which aims to reduce construction costs by 25 percent for suburban, mid-rise apartments. A decrease in these costs would drive down the costs of new real estate, which could impact the cost of other homes whether timber built or not.
The Impact of Maintenance
The building materials you choose can directly impact the level of maintenance required over the years. Due to their nature, certain materials simply last longer than other materials. Just look at concrete-built Roman architecture that is still standing although it was built centuries ago. When you select solid materials, you’re likely to have less maintenance.
Another important factor to consider is the everyday living costs associated with such building materials. Concrete floors absorb heat from the sun, reduce cooling costs, and release heat at night, which can reduce heating costs. A reduced energy bill could be an additional benefit. Every material will have its pros and cons in terms of long-term maintenance and everyday upkeep.
When it comes to building materials, do you have a preference? Apart from the cost impact, which you’ve likely considered, have you thought about the health impact and maintenance impact of certain materials?
If you have questions about building materials, new real estate, or rural real estate investment, contact us to speak to a qualified real estate agent. We’d be happy to offer advice.
You can also check out our blog for more helpful tips and information.