Should You Build Or Buy Your Dream Home?

So you’ve been pondering a house move recently? Perhaps you’re looking to upgrade or to down-size? Whatever the reason, you’re in for a rollercoaster of highs and lows! You’ll be excited to find something that’s just perfect for you, yet the process can sometimes be a little drawn out. Rest assured, with the right organisation and a little patience; it’ll all be worth it in the end. An increasing amount of people are choosing to build their own homes as opposed to outright buying one. Perhaps you’ve been pondering the idea yourself? To help you make the decision a little easier, let’s make a comparison of the two options. 

Buying your next home 

Convenience and cost: Buying your next home is both convenient and cost-effective. Once you’ve sorted your financing, you’ll be free to view the homes that you please. You can make offers, attempt to close the deals, and once the processes are all complete- you’ll be able to move in without too much waiting around. Perhaps you’re on a time frame to move? In this case, buying an existing property will be more appealing. Most of the time it works out cheaper to buy a home as opposed to building one (when all the different costs are factored in). If you’re looking to make a saving now, an existing home could be the way to go.

Homes with character: Many people prefer an existing, older home because they like the history and character that comes with such a property. You might be drawn to a particular neighbourhood with period houses and features. Sometimes older homes and the neighbourhoods in which they exist can have a real community feel to them. Of course, this all depends on taste. Some people prefer to buy an existing new-build home. One of the perks of an existing new build home is that you’ll get a modern and minimalist look with new appliances often included! 

Building your next home 

Building your next home is a longer and more drawn-out process than buying. You’ll generally end up paying more and waiting longer until you can move in. Despite this, there a plenty of benefits to building a home. 

Personalize: When you are building a new home you are in control, you can personalize, design and customize the property as you see fit. There’s no chance that you’re not going to end up with precisely what you want because- that’s the whole point! There’s something really special about designing your own home and having something brand new that no one else has ever lived in. Some people find this idea a real bonus. If time isn’t an issue, you can really allow yourself to plan and customize each aspect of the process. Building a new house really allows you to create the home of your dreams.

Energy-efficient: Newer homes are far more energy-efficient than older properties. They reportedly produce up to 60% less carbon emissions than older houses. You’ll be going green and saving lots of money on your energy bills each year. As our society has become far more health-conscious, greener materials are used in new building processes. From your plumbing to your electrical features; you’ll be taking a step towards sustainability and taking care of your health too.

Personal involvement: When you’re building a new home, you can get more personally involved in the process. You can oversee plans and have discussions with the architects and builders ongoing. Soon it will start to feel like your own little project! At times, you might be wanting to ensure that your plans are being followed to the finest details. When you don’t have the right kind of professional knowledge, it can be difficult to tell. In this case, companies like The New Home Inspection Hub can offer New Home Construction Inspections. Such services can be highly beneficial to make sure that all is on the right track. 

 To conclude 

 All in all, if you’re looking to move sharpish, it’s better to opt for an existing home. Building a home should be considered as more of an ongoing project, it can’t be rushed, though the results are worth it. Cost-wise you could make some savings with an existing home. Having said this, building the home of your dreams could be a real investment (as it will be worth a real pretty penny when it’s finished)! You’ll have a greener and more energy-efficient home if you choose to have a new home built.

No detail will be spared in getting what you want. What’s more, with a good home building inspection, you’ll be protecting your investment too.