Should I build a new home or buy an existing home? This is a very common question when it comes to homeownership. This is the first question that buyers need to ask. There are pros and cons to both decisions so let’s dive into them. Here are a few things to consider when trying to come to a final decision:
Building a New Home: Pros
Building your own home means you can completely customize it to fit your needs and wants. A new construction home can also be beneficial when it comes to low-cost maintenance. With updated plumbing, heating, air conditioning, and appliances a brand-new home can be beneficial in the long run. Another pro to a newly constructed home is that it is move-in ready. Because everything is brand new, you don’t have to worry about making any repairs or replacing any appliances before moving in.
Used homes may require many changes and updates. A new home will be ready the day you walk in. You also get the advantage of a clean slate to which you can add all of your unique, personal touches when working with the builder.
Building a New Home: Cons
When building a new home, you will need to secure a construction loan, which is more involved and lengthier process than getting a traditional mortgage to buy an existing home. While there are a few extra factors to consider when building a new home, at Artisan Builders we ensure a smooth process for all of our customers.
Buying an Existing Home: Pros
Buying an existing home requires less time waiting for construction. You have more mature landscaping when purchasing an existing home, which will help eliminate that expense. You also have the option to make upgrades and renovate later down the road—or immediately if you have the time and extra funds. At Artisan Builders, we can work with you to create your dream home.
Buying an Existing Home: Cons
Trying to find the perfect existing home for you can be time-consuming. You also have to deal with the risk of potentially not winning the house due to multiple offers. When buying an existing home, you may have to make some compromises because it may not have all the features you want in your home. You may also run into maintenance issues with existing homes having older appliances, plumbing, and electricity.
Buying a home is a huge financial decision and investment in your lifetime. Making sure you make the best decision for you is deeply personal and incredibly important. At Artisan Builders, we have a team of in-house consulting specialists who know how to save time and money during the custom home building process. We will deliver the finished details and dream home you desire while keeping your budget in mind. Contact us today; we would love to work with you.