Pros and cons of building your home

Building your own home gives you the advantage of being in complete control over every aspect of your new home.

This enables you to customise it to your specific needs and wants.

Moreover, everything in the home will be new, so you won’t have to worry about fixing a foundation after you buy a home with years of wear and tear.

Seller’s market

Also, with the housing economy the way it is, it really is a seller’s market. The high prices of ready-built homes means you can probably build a house for less.

However, building a home is generally a much longer proposition than buying. Depending on the time of year and the location where you want to build, the process of building your own house could range from months to over a year.

Furthermore, it is difficult getting a plot of land to build on in an already existing neighbourhood.

Therefore, if you want to live in a specific neighbourhood, unless you get in at the very early stages of development, buying an existing home may be your only option.

Longevity

But remember, some compare buying a used home a lot like buying a used car, you never really know how long all the components will last.

Furthermore, because you had no say on how the home was designed or laid out, an existing structure forces you to conform to its layout instead of the other way round.

Thus, one of the main advantages of building your own home is you have the choice of how you want the outside and inside of your home to look. You could choose to add as many windows as you want or you may not want any windows.

Another advantage is you have the choice of where you want each room to be located and you can choose the colour of the walls and ceiling you would like.

— Compiled from Internet sources