Benefits of Building A New Home Over Buying Used
Benefits of Building A New Home Over Buying Used
When looking to move into a new home, you may be faced with the decision of whether to buy used or build a new home that’s tailored to fit your wants and needs.
Because building allows you to customize your house, gives the most flexibility, and is a worthwhile investment, it’s often the most desirable path to take. Below, we highlight some of the reasons building a home has substantial benefits over buying a pre-existing house.
Ultimate Customization
When it comes to building a new home, there are many factors to consider. Among these factors, location ranks highly. The upside is that once you find your desired location, you won’t have to sacrifice your satisfaction with the home itself. If you were to purchase a used home, finding one in your desired location that checks every box is no easy feat. Once you choose the lot for your build, the home you create to your exact specifications will check every box without much sacrifice on your part.
Another benefit to customizing your next home is that it allows you to work more easily with whatever budget you choose. As you begin the process of your new build, an essential first step is to determine your budget, as it will set the precedent for all other decisions later on in the process. Obtaining a mortgage pre-approval will allow you to establish your financial framework and decide which aspects of the build are most important to you. Since you’ll have an exact budget set up for the cost of the home, and after factoring in the cost of the land, you can choose which features on your list make the most sense for you and your family and adjust accordingly. For example, if you have pets or children, a fenced-in backyard might be a top priority. If a fenced-in yard puts you above your budget, you can then decide if you want to forgo something that isn’t as necessary, like a fancy lighting package or appliance upgrade.
Flexibility of the Layout
The flexibility associated with building a new home rather than buying can be reason enough to choose building from the get-go. As you go through the process of building your dream home, you’ll find that you can create the optimal layout for you and your family. If you’re looking to grow your family, you can include an extra bedroom to serve as a nursery. You can also include features like an in-law suite, wet bar, or a bathroom with an exterior entrance for easy pool access. All these features will dictate the layout of your home and might not be found in already built homes that are for sale.
You can also consider how often you and your family like to entertain or host visitors from out of town. If you do a lot of party hosting, you should consider an open floor plan to allow for optimal entertaining space. If this is the case, you can also configure your layout around a large kitchen. By incorporating a large kitchen with a spacious island, you can use the space for entertaining, meal preparation, as well as extra seating for your guests.
Investment Opportunity
A new build is both an investment in your family’s happiness as well as a financial investment. In terms of finance, building a home can set you up for success if you plan to sell your home later on or if you unexpectedly need to relocate. New builds tend to have more modern amenities and styling that older homes for sale do not. Because of this, your home will hold its value and be a favorite option for prospective buyers should you decide to sell. Building with us, our buyers can see a higher instant equity in their homes compared to other on your lot home builders due to our processes. Unlike purchasing an older home and partaking in a costly renovation, a new build is the only way to ensure your home is 100% modern and up to date. Older homes that are renovated often still have the original foundation, flooring, roofing, etc. and can develop costly problems in these areas in the future.
A new build is also an investment for your family’s future. As you go through the process of customizing your home, you can choose dimensions and customization options that make your home perfect for raising a family. Building a new home allows you to create a space for your family to grow, so you won’t need to find a new house as you age. A new build is often considered a forever home, and as you create a space perfect for your family, you’ll begin to see the many reasons your family will want to stay in this house as long as possible. Customizing a new home gives you the freedom to add any features you choose, so there won’t be nearly as much sacrifice compared to purchasing an already-built home.
