Home Sweet Home: Buying or Building?

Written by  //  December 4, 2015  //  Home Construction  //  Comments Off on Home Sweet Home: Buying or Building?

Your career is on the rise, and it is time to stop renting and get a place of your own. There is more than one way to do it, and usually the choice comes down to buying your own place, or building your dream house. Now, both of these two options have their own pros and cons, and they both have certain criteria which have to be met and certain things which have to be done. To understand better what I am telling you, have a look at the things listed below as your guide into this mess.

Buying

Pros

The best thing about buying your own place is the freedom you get from being independent. Once you have decided which youse you will be purchasing, all that is left is to arrange the payment and negotiate the deal, and you will be able to move in in 4 to 6 week time. Existing homes are all situated in mature neighbourhoods and are already a part of the larger home-owner group. Therefore, your new yard will probably be cleaned and well maintained due to the law of the community protecting the landscapes. This will save you a lot of money and effort on cleaning your newly purchased landscape, and save you from all the necessary landscape upgrades.

Looking form the financial stand, you might find a better deal by buying a new home rather than building a new one. If the house is of an old-craft, its materials will be much better and more enduring than all of the newly built houses, since these materials will demonstrate superior craftsmanship. Also, the house will come with all the appliances and fixtures, and that will also save a lot of money and time needed to buy every single one of them.

Cons

The only thing that might be wrong is the description of the house and its appearance, not matching your exact dream-house vision. Whether it is the ceilings, the floor or just the design, something can always be an eyesore. This is where the renovations come in, which can be pretty expensive at the time.

Especially with the older houses, which have to be equipped with all the modern amenities to keep up with the contemporary trends, renovations can cost even more than buying a new house. This is what worries most people when the decision has to be made.

Building

Pros

This part offers a great sentimental value to the house, and you are able to build everything in the way you wanted to, from the floor to the ceiling, every single part. This will get you the dream house you always wanted, and will satisfy your criteria. Not only that, but all the materials used will be “up to date” when it comes to safety, and the house will be the energy-saving type.

Also, you will get to choose where to build your new house, which gives you the option to research and choose the best neighbourhood for your dream palace. Even building over a demolished house can save you some money in the long run, since you might not have to take down the entire house, say the people who own and operate Perfect Contracting.

Cons

The worse scenario is the building time gone too far, or the project closing due to the expenses exceeding your expectations. This is what can happen if the plans are made to fit a certain period of time. If you want to avoid this situation, always leave and extra time for additional work and keep your budget a bit open to cover those unexpected hidden expenses.

If you find yourself in a totally new neighbourhood where everything is flourishing, you might be awakened by the sound of demolition, loud trucks and noise. If the area you are building your new house in is popular, you won’t be the only one building there. Cost of decoration and additional expenses such as getting a pool might slow the process of moving into your new home, so consider taking one step at the time.

No matter which option you decide to go for, there will be many obstacles on the way which can be surpassed. The most important thing is to keep your goal set, and to have enough time and money to cover everything. This is why you should do a good research before you start building or buying your new house.

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