The idea of building your own home is something that appeals to many of us. Being able to choose the floorplan, finishes, and location are all things that you simply can’t do when you buy an existing home. However, building a home can be tedious, time-consuming, and costly. This post explores the pros and cons of building over buying.
a tedious process
It’s easy to see why people would think that building your own home would be more awkward than simply buying one. You have to source your own land and organise the building process, and this should take more time than simply buying a place, right? In reality, though, companies offering house and land packages can save you this issue entirely. This transaction will cover both the cost of the land and the construction of your new home, with separate contracts to make sure that it is as secure as possible. Most people will be able to find a plot that will work for their ideal home.
Depending on the situation, it can take a long time to build a home. However, some people will spend longer than this searching and waiting for their perfect place to appear on the market. If your current living situation allows it, you shouldn’t have an issue. But it’s important to keep in mind if you are under time constraints to move. Building a home will always be more personalized than something prebuilt, it just may take more time.
There are many varying costs when it comes to building a home. If you know what you’re doing, you could possibly save money by building yourself. However, construction materials and finishes are not the only costs to consider.
Land can be less expensive in some areas than in others. If you find the cost of land to be a barrier, consider looking in other cities or states. Ask questions like “Why do I want to stay here”? …“Why build in Utah?” when you’re going through the process of planning a self-build, but this can make it easier to save money.