Real Estate: Buy Or Build? What’s Best For You?
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Last Updated on by Noni May
Are you thinking about relocating? If so, you might be browsing online galleries and making calls to real estate agents, but have you considered alternatives to buying a new house? More and more people are choosing to build their own home. If you’re looking for an opportunity to design your dream home and potentially save money, this could be an option for you.
The benefits of building
Building your own home isn’t the simplest or quickest option when it comes to moving house, but it does offer a raft of benefits. If you’ve found that your ideal home isn’t available within your budget, or you’re looking for something that is slightly different to properties you’ve seen during your search, building gives you flexibility and freedom. You have control over the look of the house, you can design the interiors as you wish, and you can set a budget. It’s not easy to oversee a building project, especially if you have children to care for, or you work full-time. The good news is that working with experts like Silicon Valley Builders can ease the burden and increase the chances of finishing on time and on-budget. As well as having the platform to create a unique home, building can also save you money. If you get a good deal on the land, and you’re careful with your budget, you could reduce the cost of relocating substantially.
The advantages of buying
The majority of people start looking at houses that are already on the market when they think about moving. Buying a house is a relatively simple process, and in many cases, you can move straight in once all the legalities have been sorted and you have the keys in your hand. With a building project, you may be waiting months, even years, to get into your new home. Another advantage of buying is the ease of budgeting. When you buy real estate, you pay a sum to a vendor plus fees. When you build a property, you need to factor in the cost of the land plus materials, labor, fixtures and fittings and all the finishing touches. It can be difficult to estimate the cost at the beginning, and in some cases, owners end up blowing the budget. There may also be bumps in the road that put the moving date back and increase costs.
Which option is best for me?
There are pros and cons of building and buying and one option may be much better suited to one buyer than another. If you can’t find the perfect house, you’re not in a hurry to move, and you’re keen to put your own stamp on a property, building is a great idea. Buying a house may be a better option for those eager to enjoy a quick, stress-free, seamless move and homeowners who don’t want to get involved in DIY, decorating or design.
If you’re looking to move house in the coming months, have you explored all the options open to you? Will you build or buy your dream home?
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