To build or to buy, that is the question. There are plenty of pros and cons to both. Buying an existing house means you can move into it straight away and you can possibly find a house that’s close to where you work or downtown – if you have the budget for it, of course. You also may have to compromise on various aspects of your new home, like its layout or the energy efficiency when purchasing a house.
If you’re willing to wait a little, you can have the home of your dreams if you decide to build a home. Read on for a few reasons why building a home can be a great idea.
It’s a Sellers’ Market
The real estate market is booming in the post pandemic world. Houses are being snapped up soon after they come on to the market. This means that you will have to compete with a whole bunch of other buyers when making an offer on a house you like and be prepared to pay well over asking price.
Building a home on the other hand can mean you have more control over how much money you spend on your dream home.
Fewer Maintenance Issues
Buying a pre-owned house can mean you need to spend some money on renovations. The older the property is, the more money you are likely to spend. Depending on how old the house is and how well it has been looked after, you may also have to upgrade entire systems down the line which can turn out to be quite expensive.
Constructing your own home means you can install the systems and appliances you want and since everything is brand new, you won’t be needing renovations for a long time.
Get the Layout and Functionality You Need
When you purchase an existing home, you may have to make compromises on the layout of the house. Closed off kitchens, fewer bathrooms, and small bedrooms are all things you may have to settle for. When you build your own home, you get to plan the layout exactly according to your needs. In fact, planning the layout is one of the most fun bits about getting your home constructed.
Older houses are usually not as energy efficient as new builds unless they have gone through extensive renovations and refits of appliances in the recent past. This can lead to higher energy bills or potentially living through an expensive renovation in the near future.
A new construction will give you more control over your home’s energy efficiency as well as the potential to use environmentally friendly materials – all great things to have if you decide to sell in the future.
Potential for Better Resale Values
Depending on where you build your home, you are likely to get a better price for your house than an already existing, similar property if you decide to sell.
When you decide to build a home, you need to make sure that you find the right people to do it for you. Picking a builder with local building experience is always a good idea. An established company like Kelly Kustom Homes will help you every step of the way – whether it is designing the layout or finding the most eco-friendly materials for your budget.
As a full-service custom home builder that has been operating in and around Calgary, Alberta for two decades. We work with you to make the best choices for your future home.
Want to learn more? Get in touch with us today to see how we can make your dream home a reality!