Building a New Home vs. Buying an Existing House – Today’s guest blog is by Kevin T Coyne, Esq. Attorney And Counselor At Law. The opinions expressed by the author in this and all guest blogs are not necessarily those of Home Builder Gainesville.
Building a New Home vs. Buying an Existing House
Investing in real estate always pays off and buying your own house is a major milestone in life. The residents make the house a home, yet having a say in the layout and décor definitely helps. Everyone has big dreams when it comes to visualizing your personal space, i.e. a place you want to live in with your family and grow old. Some people put more thought into how their home should look and feel, while others are merely looking for the best deal within their budget. Purchasing a house is a big decision, and hence it is smart to involve a real estate lawyer to avoid doing business with fraudulent sellers.
Pros and Cons of Building a Custom Home
Building a custom home has various advantages, as it provides the opportunity to materialize your dream house. You get to choose everything from the dimensions of rooms to the design of your doorknobs. Custom homes allow a lot of flexibility and you can make slight changes at every stage of the process. Although time-consuming, the experience is worthwhile for homeowners. They can reflect their personality in every inch of the space and truly make it their own. When you build your own house, you can ensure that everything installed is brand new and fitting for your lifestyle.
Personalizing your home is fun, but you are bound to get overwhelmed by all the options and varieties. It is easy to be overwhelmed when you have to choose between hundreds of shades of similar colors or when every pattern is equally appealing. Observing the textures and varying qualities requires a good eye. A lot of mind and sweat goes into perfecting the intricate details and reaching the desired end product. However, at the end of the day you are confident about your project because everything was handpicked and personally inspected. People often go over the budget while designing their custom home, as many hidden costs are not taken into account.
Pros and Cons of Purchasing a Readymade Home
A prebuilt home, also known as a cookie-cutter home, may seem like a good choice at first. You are likely to see several identical houses in the neighborhood, and the cheaper ones are typically older. Popular areas may offer foreclosed property that is priced lower than the average market value; despite being a good bargain, these houses are problematic in many ways. Houses that were built decades ago may require several repairs and small issues may turn out to be massive defects. Readymade houses can always be renovated to transform them into the home you envision. The total cost of fixing an existing home is normally cheaper than investing in a custom home unless there are extensive damages, such as a leaky roof or tiled floors.
It is possible that you may find a prebuilt home that nicely matches your taste and preferences. While moving in an existing home is comparatively convenient and may save time, designing and building a custom home will be more rewarding in the long run.