- $130-$170 per sq. foot
- Posted On: Jun 10, 2017
It’s the classic home buyer’s conundrum: Should we build, or should we buy?
Each option has its pros and cons. For instance, building a house from the ground up will give you the floor plan you want and it will take a few months to construct. If you buy an existing home, you might have to compromise on the floor plan, but you’ll get to move in right after you close!
The Case for Building a House
Pros: According to the National Association of Realtors (NAR), the average time an existing home is on the market has hit a new low of 29 days! With homes flying off the market so quickly, competition to find an existing home can be tough. When you build a home, the competition factor decreases.
Customization is another huge pro. You’ll get to personalize the details of your house when you’re building a house from the ground up—from the layout , cabinets and flooring to the sinks, lighting, paint colors and doorknobs!
Obviously, new homes are built to meet current building codes, are often more energy efficient, and can incorporate up-to-date technology. For the first few years, you’re less likely to deal with big-ticket maintenance issues like leaky roofs or failing heating and cooling systems in a newly built home. Plus, many of the components will have a warranty and a one year builders warranty included.
Before you decide on your next home, take time to explore your options with us.