What Are the Pros and Cons of Building a New Home Versus Buying an Existing Home?

When choosing whether to build or buy a new home you should keep in mind the pros and cons of either before you make your decision. Read this article to find out what they are. Learn how there are specialists in both areas that are there to help you with the process.Pros for building a new home:
You can customize to your own dreams and needs. Make sure you choose colors that are neutral when selecting tiles, carpeting, wall colors and roof shingles. This will make a difference when you go to resell your home.
Your new home may be more resalable in the future because of the customizations and will have the most up to date building codes for your area. This will make your home safer and save you money when you go to buy home owner’s insurance.
You can use a professional to take over the day to day headaches of overseeing of building your new home. They will send you pictures and a report on the progress of your new home construction.Cons for building a new home:
You will have to wait 4 to 6 months for it to be built before you can move in
Unless you hire a new home specialist or use a general contractor you will need to learn about the construction, licensing and permitting process.
If something major was to go wrong with the building of your new home, do you know what actions to take with the builder?Pros to buying existing home:
You can move into your new home in 30 days or less.
You can renovate while you live in the home without waiting months to move in.
A Realtor can help you through the process from helping you to find your new home to negotiating the offer and then through the final closing process.Cons to buying an existing home:
You are stuck with the deficiencies unless you spend money to fix them.
If you have to renovate you may need to get permits. You’ll be living in the middle of a mess until the job is complete.
If you purchase a resale home, it will be that much older when you go to sell, which makes it harder to sell your home.Whether you decide to buy an existing or build your new home use a professional who specializes in new home building or a licensed Realtor to guide you through the process. This wise choice is your first step to ensuring that your new home and community meets your needs.