When you’re ready for a new home, the first question you have to ask yourself is whether to build or buy. There are plenty of perks to buying an existing home, and if you’re looking into urban areas with high population density, you’re short on time, or you need to get into the perfect school district, buying may be your only choice.
But before you jump into the real estate listings, consider these 4 reasons to build your new home instead.
When you choose to build, you don’t have to just cross your fingers and hope that the home you’re dreaming of will just happen to be on the market. You can build exactly the home you want—or come as close as humanly possible, with the right contractor and the right budget.
The floorplan? Your choice. The building materials? You get to pick what you want to go where you want it. Whether it’s a natural stone exterior, ecofriendly wood, or gemstone countertops, it’s up to you.
The bottom line is that building means you don’t have to try to fit your needs into someone else’s decisions. If you’re ready for that dream home and you don’t want to settle, building is the right choice.
That said, building a new house doesn’t have to be entirely custom, and you can save a lot of money by building a home in a development that offers a set of plans with enough variation for you to find what you need.
If you don’t want to have to make every decision, this may well be the route for you. You get enough customization without having to stress over the details.
You can lower the cost of a new home quite a bit by building, and not just because construction can cost less than purchasing an existing one. With new materials and ever-improving technology, a newly built home can be much more energy efficient, which will keep your costs lower over time.
Efficiency means lower utility bills, and those savings will add up as months and years go buy. And unless you’re required to connect to city water systems, you can save a lot by choosing to have a well and septic tank installed.
Plus, the all-new appliances and home systems will last longer than their used counterparts, so you’re saving on replacements, too. And chances are, even if something goes wrong, you’ll be covered under the builder’s warranty (but always make sure—never assume when it comes to warranties and insurance).
If you’re building a new home, it’s almost guaranteed that you’re not downtown. Being farther from the city center can mean room to stretch and less of that hectic, crowded feeling. That might mean a longer commute, but it also means a more peace and quiet. It can also mean new, state-of-the-art schools, shopping, and amenities.
With all the benefits of building, you may be asking yourself: why would I buy again?