If you’re tired of hunting for the perfect house, it might be time to consider building a new home that perfectly fits your vision. Of course, the options of buying or building your home come with their own sets of pros and cons. Join us as we weigh out the benefits and drawbacks of each option to help you make a smart choice that will meet your current needs.
- Advantages Of Buying A House
- Disadvantages Of Buying A House
- Advantages Of Building A New Home
- Disadvantages Of Building A New Home
Looking for a home in North Carolina? Don’t compromise on your vision for a perfect property. Let us help you explore the benefits and drawbacks of building versus buying, and find the right solution for you. Contact us now at 252.424.8941 to get started!
Advantages Of Buying A House
Save Time & Energy
Location, Location, Location
Disadvantages Of Buying A House
The Difficult Search For The Perfect Home
Purchasing Someone Else’s Problems
Buying an older home can sometimes mean inheriting someone else’s problems. When buying a home, you don’t know the ins and outs of what’s going on with it, and there can be unexpected issues that pop up.
Even if you find a home that has everything you want, it’s still a good idea to have a home inspection done to get a scope of what work or renovations may be coming in the near future. Just remember that home inspections aren’t infallible and there may be hidden issues that only become apparent after you move in.
Lack Of Availability & High Competition
Advantages Of Building A New Home
Customize To Your Heart's Content
Building a new home allows you to customize your future living space to meet your exact specifications. You get to choose everything from the layout of the home to any energy efficient features for your plumbing and electricity.
Design every aspect of your custom home to suit your tastes, including finding colors for your walls and cabinets that will compliment each other, or creating the perfect kitchen for your cooking needs. If you’re interested in a luxury home build you can also incorporate large entertainment spaces for guests, such as pools, expansive decks and more.
Built-In Modernization
Build An Emotional Connection
Disadvantages Of Building A New Home
A Longer Wait For Your Dream Home
A new home build may come with some disadvantages, and one of the most commonly cited cons of building a new home is the time and steps involved in the process. Finding the perfect piece of land, the architect and the home builder takes time, along with deciding on every element of the new structure. Luckily, this pays off in the long run as you’ll have created a perfect space in a location of your choosing.
Home Building Tip: By working with a reputable builder and having a comprehensive building strategy and contract in place (which includes construction time duration and avoids open deadlines), you can greatly reduce the risk that your new home build will run over budget or take longer than expected.
You may consider joining an existing development to streamline the process, but this may limit your degree of choice in design elements and other features. Remember to work closely with your builder to consider access to water and sewage systems, along with any environmental and other permits!
Higher Upfront Costs
- Sales Commission
- Financing Costs
- Permits, Fees & Plans
- Foundation
- Framing
- Plumbing, Electrical & HVAC
- Interior Finishes
- Exterior Work & Landscaping
- Builders Profit
Building A New Home In North Carolina
We hope this article gives you insight and helps with your decision on whether you should buy or build a new home. If you’re interested in learning more or building a new home in North Carolina, don’t hesitate to reach out to us to learn more about the benefits and advantages of building a custom home that’s tailored to your specific needs. Let us help you build your dream lifestyle from the ground up!