Homes built byÂ the buyerÂ can be customized to fit their specific needs and wants
Homes built today have the most up-to-date technology and building materials, which means that they are more energy-efficient than older homes. This can be a big money saver for homeowners.
There are various costs associated with building a home including, but not limited to, cost of the lot, cost to hire an architect and builder, cost of construction work and materials, and cost of setting up utilities.
New homesÂ typically take at least a few months to build, so the buyer must find a temporary place to live while construction is being done.
Initial estimates for the cost of construction are usually too low and will go up as the process continues
When building a home, you are responsible for furnishing it with new appliances
There are many opportunities for things to go wrong during the building process
Typically, the buyer can move into the home immediately after purchasing it
BuyersÂ can find big discounts in the existing housing market
According to the National Association of Realtors, â€œthe case against buying an existing home is very thin...buying an existing home is the best financial choiceâ€.
Existing homes already have appliances, and any needed upgrades can often be negotiated during the bidding process.
Buying is a much less stressful process than building
Existing homes are established parts of their respective communities and neighborhoods
Issues with existing homes have often already shown themselves and have been resolved before you move in
Houses in developments are often of similar styles and donâ€™t allow for much customization.
If finances are your number one concern, then it is in your best interest to buy an existing house. However, if you are more concerned with having a home that is original, unique, and custom, and youÂ aren'tÂ overly worried about costs, then get to building!
To read the original article from U.S. News,Â click here.