To Buy or to Build: Pros and Cons
It is part of the American dream- building your own home. Designing it just the way you want it. While it sounds nice, it may be just that- a dream. There are clear disadvantages to building your own home over buying an existing structure, but here are a few pros and cons of each.
Buying a home takes time. Building a home takes a lot more. If you are not willing or able to take on a full-time job of designing, managing construction, handling contractors, negotiating material prices, and more, building a home may not be for you.
Because you spent that summer in college putting up drywall does not mean you know how to build a home. Despite what the DIY channels and websites tell you, setting a house foundation and building a structure in line with building and safety codes is best left to professionals.
The DIY sites all tout how much money you can save by building your own home. The truth is that building costs way more than purchasing an existing structure. Construction projects always go over budget, and you are asking for a customized structure, making the chances for mistakes and miscalculations much higher.
The one benefit of building your own home is just that- it is your own home. You get to say how many bedrooms and bathrooms there are. The size of the kitchen is your whim. If you want two living rooms, you have it. If you have the budget, you can have your dream home. Existing structures are always limited in some way, so it is much harder to get exactly what you want.
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