When you start your home search, you probably have your standards set very high. You know what you want, you know how much you’re willing to pay, and you have no intentions of compromising. As time goes by, you’ll quickly realize that you’re going to need to budge or you’ll have to build the home of your dreams from the ground up. Building a house takes time, but if you’re a patient person, custom home construction does offer its benefits. If you’re wondering whether you should build a home or purchase a resale home that’s already on the market, consider the pros and cons of each and make the decision that’s best for you.
The Advantages of Finding a Home That’s Already on the Market
One obvious advantage of buying homes for sale in Nashville TN that are already listed on the market is that you don’t have to wait for the home to be built. On average, it takes between 12 months and 18 months to complete a new construction and this doesn’t include delays that may be experienced in the building process. Aside from the time factor, it’s nice to know that you’ll be moving into an established neighborhood where home truly feels like home.
Many home buyers will find more value in a resale home. To attract buyers, home owners might spruce up the landscaping or update the windows. These improvements may not add to the value of the property, but they would add to the cost of building a home if you chose new construction. You also have the luxury of negotiating the price of a resale home, especially when sellers are in a hurry to make a deal. When it comes to new construction most builders have land and dwelling packages that are not negotiable.
The Advantages of Building
Custom building your home also has its advantages. If you have the money and you have the patience, you can design your dream home from the ground up. You’ll be able to choose the floor plan, the size of the property, the types of materials that will be used, and everything in between. With this being said, this costs money, and if you’re looking for value you’ll get more of that by shopping for homes on the market.
There’s not one right answer to the question on whether building or buying resale is better. You’ll need to consider what you want, how much you’re going to spend to get what you want, and where you’re willing to compromise to make the best decision long term.