Ignite FB Tracking PixelDecisions: Should You Build or Buy? - Mary Kay Daughters/ Jeff Brown
Hoffman International Properties LLC
Mary Kay Daughters/ Jeff Brown, Hoffman International Properties LLCPhone: (203) 829-8113
Email: [email protected]

Decisions: Should You Build or Buy?

by Mary Kay Daughters/ Jeff Brown 01/02/2022

When buying a home, you can either build a new residence from scratch or buy an existing home already built. This can be a tough decision to make. Here are a few pros and cons of each to help you move forward with your decision.

Buying an Existing Home

There are several advantages to buying a home that’s already built. When it comes down to it, there are two primary benefits: cost savings and convenience. The planning and scheduling needed for a home-build process can be extensive. However, buying an existing home is a more straightforward, more comfortable home-buying approach. After getting pre-approved by a lender, you’re free to shop around for a new home and make an offer.

Schedules

Are you on a tight schedule? If so, you may decide to buy an existing home instead of building a new one. Many homebuyers enjoy a new property that’s move-in ready.

Costs

Mostly, it’s more cost effective to buy an existing home instead of building. However, no matter what approach you take, it’s easy to get a clear estimate of your mortgage. Speaking with a real estate agent can also provide more details on the costs in a particular location.

Convenience

Buying an existing home is usually far more convenient compared to building a new property. While every situation is different, the home-building process usually includes a plethora of planning with many hoops to jump through. If you want a more convenient, straightforward approach, purchase an existing home.

Building a New Home

Building a new home can bring a slew of advantages, but it’s a less convenient home-buying option. After deciding where to build your home and purchase the land, you must find a builder and choose every element of your new home.

However, there are some advantages to consider.

Eco-Friendly Products

Building a new residence means you can add Energy Star rated appliances that are better for the environment. These upgrades can help you design a more sustainable home for the future. You can also use alternative building materials that are more eco-friendly from the beginning.

Customization

One of the leading reasons people choose to build a new home is for personalization. Unless you complete a massive renovation project on an existing home, this is the only way to get a space that’s fully customized.

No matter which you decide to do, you'll want to have a solid team backing your moves and keeping you informed. If you build your home, esnure that you understand the codes, requirements and permits needed. If you buy, double check that there aren't any strange items attached to the house such as liens or odd contractual obligations made prior to you gaining ownership.

About the Author
Author

Mary Kay Daughters/ Jeff Brown

Thank you for visiting our website! We're the Realtor team of Mary Kay Daughters & Jeff Brown. Please be sure to look at our “Promotion Event Tab”, at top of page, for typical property marketing event examples. As members of the Greenwich, Darien & Connecticut State MLS Boards, we are your single-source Realtor team who has Shown, Listed & Sold many dream-homes, throughout Fairfield, Litchfield & New Haven Counties. 

We work hard to develop an understanding of your lifestyle & living goals to: 1). Assist you in finding & buying your dream home. 2). Estimate the market value of your home with a free Comparative Market Analysis (CMA), in order to sell your home. When Buying, we make your home search fun and keep your property information organized. When Selling, we use special marketing techniques and as a professional photographer, act as your personal public relations property promoter! 

Whether you're in the beginning of your real estate search or, you know exactly what you're looking for, or you want to sell, you'll benefit from our experience and area knowledge. Call, Email or Text us anytime! We would be honored to put our real estate experience to work, for you!