Buying Vs Building a Home
Are you thinking of buying your own home? Going from renting or living at home to owning your own place is something that you should definitely be proud of. The only trouble is you’re not entirely sure about whether you should buy or build.
It is not something that can be definitively answered, so instead the pros and cons will be laid out for your consideration.
The Case For Building
Building your own home definitely has its charms – it’s almost like you’ve built the thing yourself. The sense of pride that you feel is palpable (and justified), as it’s not the easiest thing in the world to do, but it has it’s good points:
Pros
- The decorating style will be suited to your tastes
- Your home will be new (duh), and with that comes advantages – modern design and new electrical systems being two big points
- If you do it right, building your own home can be cheaper than buying a home
- A sense of pride at having “made” the house
Cons
- Building delays are pretty much inevitable, so expect some bumps in the road
- A LOT of time and effort goes into building a home – expect some stressful times
- Costs can escalate quickly if budgets aren’t kept to
The Case for Buying
Buying a pre-owned home is probably the option most people go with – the convenience of moving straight in sometimes can’t be beat. It’s not for everybody, but still:
Pros:
- You can move straight in – no waiting 8-12 months for you!
- Older houses can sometimes have a charm to them that a new house would need years of being “lived in” to achieve
- No awkward state of limbo between selling your old house and waiting for the other one to be built
Cons:
- Utility costs can be a little more expensive, what with the outdated wiring and plumbing
- Repairs are more constant – in fact overall maintenance is most likely higher than what a new house would be
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Tags: building, Building a Home, building your own home, decorating style, Home, house, plumbing repairs, something, stressful times