To Build or To Buy?

August 31, 2022

Now that the supply of homes is rising back towards normal levels, the market is starting to stabilize, and you might be thinking about selling your home and finding the home you’ve always dreamed of. It is always wise to have a professional real estate agent to walk you through the home buying process. By having an honest conversation with your realtor about what you want and need in your next home, they can help to make that dream home a reality and start the process for you. Because of the shift in the towards a more balanced market, you can be more firm on your “wish list” and be sure you’re making the best investment.

To Build, or Not To Build?

You will have to decide whether to move into a preexisting home or to build one in a new neighborhood or from scratch in a specific location. There are many different ways to go about building a home, and there are specific reasons why it can be a better option for you. When building from scratch, you can customize to your tastes and lifestyle and choose to make the home more energy efficient or able to stand the test of time by protecting the roofing, windows, and landscaping however you see fit. Your new home will have that brand new feel, and you’ll be the first owner! You can make all the decisions on what appliances to put in the home and how to arrange the rooms, and hand select finishes, hardware, and fixtures. A new structure should be easier and more cost effective to cover with insurance, because there shouldn’t be many (if any) issues taking place for the insurance company to worry about. The downside is that it takes a lot of time, planning, and energy to build your own home, and you might not be able to live in the new home for quite a while, so you’ll have to potentially rent another property in the meantime. 

Why Should I Buy?

Buying a home that has been lived in can oftentimes offer a charm that you can’t create for yourself in a new home. Unique architecture and improvements made to the property over time can be enticing reasons to purchase a property. There are more existing homes on the market than brand new ones currently, and the pricing is more reasonable as a result. There may be repairs that need to be made or changes you’ll want to make before moving in, but generally you should be able to move into the home sooner than if you were building your own home.

As your realtor, I will take stock of your wish list items and be on the lookout for properties that match your wants and needs, and walk you through every step of the process so you can be confident that you are making the best real estate investment possible. Contact me today to start the process!

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