7 Benefits to Building Your Own Home versus Buying a House

Written by  //  May 19, 2014  //  Home Construction  //  Comments Off on 7 Benefits to Building Your Own Home versus Buying a House

Are you debating whether you should build your dream home or purchase a resale property and make it your own? If you are trying to decide which move is best for you and your family, it is important to understand the benefits of building over buying. While it does take time to build a home from the ground up, many prospective buyers say that the benefits of building outweigh the disadvantages. Here are 7 benefits of building a home that you should consider:

1. The Benefits of Customization

Perhaps one of the most well-known benefits of building is the benefit of customization. For buyers who want to purchase a move-in ready home, the idea of buying a home specifically designed with the specs that they choose is ideal. There is no worrying about tearing down walls, changing fixtures or changing the layout of the property, because it was built with your preferences in mind.

2. Low Maintenance Costs

One thing that buyers must consider is how much money that they need to save to dedicate to maintenance. If you buy a resale home, you have no way of knowing all of the maintenance costs that can pop-up throughout a year until you have owned the home for some time. A new build is new, which translates into less maintenance and repairs.

3. Selecting Land and Sites

Finding the perfect home in an imperfect area can be frustrating. If you choose to build your home, you do not have to worry about compromising on location or lot features because you love the property. Home-site selection is an important benefit when you want a strong sense of community.

4. Life Expectancy and Value

After a property is built, it often appreciates in value. If you buy the home early on in construction, you are buying when the value is low so that you can build equity. Resale homes have already appreciated in value, so you are paying more without really getting more. These older homes also have a lower life expectancy.

5. New Builds Are More Energy Efficient

Building technologies and materials have advanced over the years. New materials and practices make residential properties more energy efficient than ever. If you want to live a green lifestyle and reduce your energy costs, new builds are the way to go.

6. Many Builders Offer Warranties

If you are paying a builder to construct a structurally sound property, choosing a builder who offers a quality warranty is key. Be sure to compare the warranties, and select a respected builder with warranties that range in length between 1 and 10 years.

7. Financing Perks

Many people wonder how they can fund home building, and the answer is by financing the build. Many builders have a relationship with mortgage companies to provide a mortgage product with perks. If you choose a product with financing perks, you can save on closing costs or even interest.

As you can see, there are advantages to building your home. If you want a custom home that will appreciate in value and cost less to maintain, going for a new build is ideal. The only drawback to plan for is time.

My name is Lizzie Weakley and I am a freelance writer from Columbus, Ohio. I went to college at The Ohio State University where I studied communications. I enjoy the outdoors and long walks in the park with my 3-year-old husky Snowball.

Lizzie was found the information for this article from Stevensville New Home Builders by Lacrosse Homes.

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