A perfect home takes a significant amount of money, time, and energy but it is all worth it in the end. The important factors that one needs to consider when building or buying a home are locality, price, condition of the property, and market trends. It is the largest and the most important investment a person makes for himself and his future generations.
While going through the process of acquiring a home, the main question that comes in is whether to buy an existing home or build a new one, although both options have its pros and cons, but here are some of the reasons you should build a new one instead of buying an existing one.
Building a house saves you a substantial amount of money rather than when you are buying an existing house. You have the liberty to customize it to suit your needs. Negotiating for better rates and getting discounts from the suppliers on buying the raw materials in bulk, gives you an added advantage while building your own house.
In a pre-built house, high maintenance costs are inevitable, due to the inappropriate quality of materials used. These houses are built with faulty material that can give plumbing issues, leakage in walls, termite attack, etc. These costs are not only pricey but they continue to bring bother over the years and adding substantially to the total cost of the house.
Once you are in control of design and material as well as the expertise while building your home, the money spent on maintenance is largely just the initial amount. This amount is comparatively lower than the combined cost incurred over the years.
As you build your dream home, you would be able to customize it. It allows you to decide on the size of the house you want, the garden area, the backyard, the garage, etc. Along with that, you have the liberty to decide the number of rooms, its allocation, the interior décor, the exterior style, and the landscaping. You get total control over the features you want as well as the material that you want to be used. Building your own house gives you flexibility in terms of design and allocation. You can completely customize your house to match your lifestyle, taste, and the needs of the family.
The most convenient part of building a house is the flexibility that you have with your funds. Once you have enough funds you can build your house, but if for instance, you run out of funds you can always stop the construction and resume after you have more savings to invest again.
On the contrary, when you buy a house, you would have to pay the mortgage, and failing to do so can lead to banks repossessing the property, literally making you homeless.
Many people understand the importance of investing in long term benefits like energy-saving features and eco-friendly material. Even though this can be expensive but over a while, it will save you a lot of money.
The houses that are already build come with their strict management policy. It could be a restriction on keeping pets or adding extra features to the house, like a basement, swimming pool, tennis court, or limitation on sizes of garage or backyard, etc. When you build your own house you can add features to suit yourself in the extra space for any business opportunity like growing numerous crops in your garden. Also having some animals like chickens and pigs can be kept and nourished for the same purpose. You can even build up a small room to give out on rent.
There is always a sense of satisfaction when your own house takes its shape, from the time the first bricks are laid, until the house is complete. This kind of sense of satisfaction and ownership comes only when you are building your own house, and it does exist when you are buying an existing mansion.