Should You Buy or Build A New Customized Home?

custom home builders in edmonton
8 Reasons You Should Hire Professional Builders
April 24, 2017

When you think of having a new home, you need to decide whether to buy or build a home. There are advantages and disadvantages associated with both, but going through the pros and cons that can help you decide if it is good for you to buy a home or build a home. Before you make the decision, there are certain things you need to know.

Advantages of Building a Custom Home

  • Discounts on materials – You can ask for discounts when working with suppliers. Also, you can get more discounts when you buy more. You can expect around 10 % discount on lumber and millwork. Additional savings can be expected on lighting fixtures.

  • Design control – When you build a home, you can make sure everything is planned from the beginning, so you don’t have to spend extra money redoing the home after you buy it.

Disadvantages of Building a New Home

  • Time – It can take around 5 to 6 months to build a home. This is a long time and things can change while you are waiting to move.

  • Limitations – You may have to limit the style of the home within your price range. You may also find out that making a lot of changes to the design can be expensive.

Advantages of Buying a Home

  • Ability to move quickly – In many cases, the buyer can move in the house immediately after closing. So, you don’t have to worry about a wait time or look for temporary housing.

  • Easy to visualize –  Are you able to see the floor plan and the layout of the pre-existing home? When you build a home, it can be difficult for you to visual the layout and ensure that you will be able to afford and build a home that you have dreamt of.

Disadvantages Of Buying a Home

  • Being stuck with the layout – It will not be easy for you to change the floor plan or layout of a preowned home.

  • Upgrade costs – When you move into a pre-owned home, you will have to spend a lot of money and time in upgrades. Even simple remodeling will cost you a lot.

No matter what option you choose, you will have to make a huge investment. It is better to take advice from professional home builders as they know what’s best for you analyzing your budget and preferences.

Comments are closed.

Contact Us

Contact Us