Shall I build or buy my home?
Are you faced with the difficult choice whether you have to build your own house or just buy one ready-made and ready to go? This is a very personal matter.
It not only depends on your budget but also on your ambitions in terms of the perfect conditions you want to create or how fast you need your own house. Considering purchasing an existing home has some additional options: you might want to adjust it by renovating or extending the structure. All of this has a price tag, a time table and a long wish list. On the other hand, some people prefer the idea of a new building – a house that is tailor-made and individually planned aiming for the benefits that come with it e.g. it is new, includes your vision of living space, high re-selling value.
Buy an existing home
You buy an end product if you purchase an existing home. So you don’t have to think of everything yourself to have it done. The most important task you have is to think about the probability of renovation work and the re-decoration of the interior. Neither will you be surprised in terms of budget: it’s pretty much set. Much depends on the condition of the house you have in mind. If it is in a good condition, you know exactly how much it will cost you and in the other case, you have to calculate a plus on top of the budget in order to have it exactly the way you are pleased with.
Build it yourself
Some people dream of a new home that they can create and design all by themselves. Building yourself is the ultimate freedom, but it usually costs more than buying an existing home in terms of time, the hassle with the architects, contractors, building licenses, shopping for the right home accessories etc. If you are going to build the house yourself, you should provide enough reserves: there are often unexpected costs that surpass the ceiling you have set. On the other hand, you will get the ultimate pleasure of building something that neatly matches your design vision, your taste.
So, ultimately?
Ultimately your choice will be determined by the most hard-pressed need: are you tight in time and need a living space of your own now? Then buy a home. Are you willing to wait and want to design and construct your own home and you found a perfect lot for it? Go and build your dream house! A realtor can help you list the many aspects of both options and go through your personal priorities. That will give you a hands-on perspective to sleep over it or contemplate with your partner. Also, you can go through everything you and your realtor formulated, with your financial advisor.
Call Novo Casa Realty for expert insight to help you choose what suits you best.
There are interesting portfolios of houses, apartments or turnkey homes for sale and also lots available to start building your new house.
