Build vs buy. This is one of the most common questions there is when it comes to finding a new home.
With more than five million homes sold during 2018, you would think that there would be more data that could help you chose. But the answer to this debate isn’t that easy.
So what is the right answer for you? Keep reading to learn five things to consider when making your choice.
1. Determine What Features You Want
When you’re on the market for a new home, you probably have an idea in mind about what features you want in your home. The problem is, it’s hard to find a pre-built house that checks all those boxes.
When building a home from scratch, you can get everything you’re looking for. The only thing you’re restricted by is your budget. Talk to a building company like Currahee Home Builders to learn what you can get for your money.
If you’re less picky, then you can still find an existing home that has most of the options you need.
2. Consider Energy Efficiency
If you’re looking for a home that has history and character, then you can’t go wrong with an older home. But older homes often contain less energy efficient materials and building methods than newer homes. If you want an energy-efficient home, then you’ll need to spend money on renovations.
With a new build, you can be energy efficient from the start. This means you won’t have to worry about spending too much money on electricity.
3. Think About Maintenance
As homes grow older, things start breaking. If your buying a pre-built home because building costs more, then this is something you can’t ignore. But if you’re handy around the house and can fix things yourself, then this is less of a concern.
When you build a new home, this is much less of a worry. Everything is brand new, so maintenance is something you probably won’t need to worry about right away.
4. Determine the View You Want
If you drive down the street in the typical suburb you’ve probably noticed something: there usually isn’t much variation in the scenery. If you’re looking to find a home with a view or have a treeline in your backyard, you could have a harder time finding a home.
When you buy a home, you’ll be able to buy the plot of land you want to build on. You can pick the scenery you want in your home and build based on that.
5. Consider Home Warranties
Things break, and there’s no way around that. With an older home, you run the risk of being outside the warranty of your appliances and building materials.
With a new home, you’ll be covered in case anything happens. That’s one less cost in the future you have to worry about.
Build Vs Buy: Final Thoughts
In the build vs buy debate, there is no definite answer. It all comes down to personal choice and what you want for your home. Make sure you figure out exactly what you want so that you make the right choice.
Are you trying to figure out what’s going on in the area before you move? Head back to our news section to learn more.