YOU ASK; WE ANSWER: SHOULD I BUILD A NEW HOME OR BUY AN EXISTING ONE?

YOU ASK; WE ANSWER: SHOULD I BUILD A NEW HOME OR BUY AN EXISTING ONE?

Are you looking to buy a new house soon? If so, one of your choices is constructing your own brand-new home or buying an existing one. Building a new house on the right piece of land might sound enticing, but what if you could have a larger, more luxurious existing home in the same neighborhood for a much lower cost?
As you might imagine, there are pros and cons to each kind of home. Today's blog post will explore whether you should build a new home or buy an existing one.
 

Building Your Ultimate Dream Home

Let's get obvious out of the way first. If you can afford the combined cost of the land, the house, and all of the furnishings, then building a new home is a fantastic experience. It is the chance to completely customize everything about your home, to have your family put their handprints on the foundation. You can design the garage, media room, bedrooms, bathrooms, kitchen, and everything else exactly how you want it. The house will truly feel "yours," as it's built in your vision.
 
Aside from the higher cost, there are other potential downsides to building a new home. Building a new home can be stressful between permits, booking contractors, and wrapping up all of the necessary paperwork and construction time. It can also take much longer than buying an existing home outright.
 

Well-Kept Existing Homes Have Lots Of Upsides

Buying an existing home has its upsides as well. It will almost certainly be a much faster process than trying to build your own home from scratch. If you can find suitable listings, you can typically purchase and move into an existing home within a few weeks. You can also customize it to your liking, although not to the extent you would go with brand-new construction. It's also likely to be less expensive, although that depends on various factors, including the city you're buying in, the real estate market, the size of the home, and more.
 
The choice comes down to budget, timing, and personal preference. However, our professional real estate team is here to help if you decide to build new or okay with a lovely home that already exists. Contact us at your convenience, and we'll gladly share local home and land listings.

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Howard’s strengths as a real estate advisor lie in his ingenuity, vision and attention to detail. He understands the strengths and unique qualities of each property, allowing him to maximize value for his sellers and find value for his buyers.

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