So you want a new home, but are unsure if you want to build or buy. Building a home at first may sound harder than ever. In reality, the dream to build your own home is more attainable than you think. Here are the pros as well as the cons of building or buying a home.
Building
Pros
- Endless customization
- Low Maintenance
- Pride for creating your own home from the ground up.
- Ability to incorporate the latest technology in your home (appliances, fiber optic, etc)
- In or near new areas of town
Cons
- Delays in the building of your home (weather, lack of materials, etc.)
- May be further from major areas of town
- Temprary housing as you wait for construction to complete
Buying
Pros
- You can move in almost immediately
- Larger margins, which gives you the ability to negotiate costs more
- Upgrade costs can be delayed
- Easy to visualize living there
Cons
- What you see is what you get
- Need for repairs and maintenance
- Typically smaller rooms
- Decorating/upgrading costs