Should you Buy or Build a House

When trying to start a family, it’s important to consider whether you want to buy a ready-made house, or build one for your own. It’s a tough call considering that you’ll be investing money and time for both. Make sure you think about it a couple of times before coming up with a major decision.

Here’s what you need to know about buying a ready-made house to building one from scratch:

Consider the Cost

Will a cheaper already built house save me more than building a new one which may cost a little more but have more space for a lawn or a future garden or swimming pool? Consider the cost per square foot of loans in your area.

Additional Features

If you try to build a new house, you’ll be paying for added features that you want like tiled flooring. However, with ready-built houses, you may have to pay for the maintenance of a basement or attics even if you don’t want them.   

Consider the Maintenance
Ready-built houses may require more necessary improvements such as a roof or leak repairs and mold removal as compared to new ones.  Home remodeling or preservation may cost a lot. From cleaning an air conditioning unit to replacing shingle roof, calculate the cost before you make that big purchase.

With a new home, the upkeep is incredibly lesser which is one of the advantages of building one for your own.

Energy Cost

When purchasing outdated houses, expect appliances to be outdated as well. This will again require you to purchase everything new, from light bulbs to heating equipment and refrigerators that still emit chlorofluorocarbons need to be replaced immediately.

With modern construction, energy efficiency is always considered. Replacing hundreds of electric lights with natural lighting is more preferred. From building materials to equipment, everything is preferably eco-friendly.

Whether you decide to purchase an old or build a new one, at the end of the day it’s your choice. Do a thorough research of the market and don’t forget to trust your gut.