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Should You Buy or Build?

Monday, January 24, 2022   /   by Capprice Kitchen

Should You Buy or Build?

Investing in a new home can be an overwhelming process all on its own, then add in trying to figure out if you should buy an existing home or build a custom one into the mix and your anxiety levels will soar. So, I’m here to help make that decision a little easier by giving you the pros and cons of each!

 

Pros & cons of building a new home ??

 

Pros

* You have control over the design.
* You can customize any aspect of the home to ensure it both reflects your taste and fulfills your needs.
* You won’t have to deal with competing buyers over the house itself — once the land is yours, you’re set!
* A newer home = less ongoing maintenance costs.
* You don’t have to worry about toxic materials that might be found in an older, existing home.
* It can be more environment-friendly since newer homes are typically built with energy-efficiency in mind.

 

Cons

* Unexpected costs might come up during the build.
* Requires a lot more effort and time.
* It can be very stressful.
* You’ll have to landscape from scratch = more costs.
* Before you can even start building on your new plot of land, you’ll have to prepare it, including preparing utilities and having a road built onto it.

 

Pros & cons of purchasing an existing home ??

 

* Less time waiting for construction.
* More options available in developed areas.
* You’ll have some landscaping already done for you.
* You always have the option to renovate the home to make it more to your liking when you have the time.
* Is typically less expensive than building.

 

* Can be time-consuming and stressful searching for a home (working with a realtor can alleviate some of the stress involved!)
* You may run into a bidding war competing for the house you want, which can cause even more stress.
* You likely won’t find the exact floor plan you’d like and will need to compromise on some features.
* Older homes have more maintenance issues and are less energy-efficient.

 

Want to talk through your options? Contact me and let's chat! 


  buying a house, building a house

Capprice Kitchen with Pineywoods Realty
904-535-3997

IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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