Should You Buy Or Build?

Categories Property Investments

The problem every new family has – whether they may be yet only husband and wife, or a full-fledged family – is the issue of finding a new abode. Should you buy a new house – or build one instead? There are so many factors to think about when considering which option is better. The single most important criterion is that of price, and in that department, buying a house seems to have the upper hand: in fact, buying a house generally is cheaper than building a new one from scratch. But are we so sure? Read on below to find what advantages each has over the other!

  • Pricing – as was stated above, if you consider the prices of the real estate market, it is obvious that buying a house is often cheaper than building one. This is especially so if the houses for sale port douglas you buy was previously lived in (that is, it is not exactly new in every sense). However, the pricing tends to be somewhat biased, because most studies tend to not take into account the many extra expenses homeowners make once they buy a new property. These ‘hidden’ expenses basically include different types of repairs that you might not have noticed were needed when buying the home before. Not to add, there are also chances of receiving discounts on most materials when building a home – especially if you use local goods and services. This means that sometimes, there is a very good chance that building is cheaper than buying.
  • Design – when it comes to design, building a house is the obvious winner. This is because what you build is basically your very own blueprint. It is near impossible to find a house for sale that matches your exact wants and needs – at most, you can find something and fall in love with its design (as opposed to creating what you love). This is also why many homeowners who bought a home tend to spend a lot on re-designing their home afterwards. There is also the issue of weird construction ideals from year’s back which does not exactly click with today’s standards.
  • Time – when it comes to time, naturally, buying a house is the better option. If you are in a hurry to find new lodgings, you obviously do not have time to waste building one, which can easily take anywhere from four to six months (and sometimes, even more!). Accordingly, it might not exactly be a good idea to build a home if you do not have anywhere to live in at the moment; even temporary lodgings can become quite expensive when calculated for months (and you might already have a tight budget to begin with). For more information, please click here.real-estate-agent