It’s a perennial issue; Buy or Build? And there’s no simple answer.

Every parent wants their children to grow up in the most suitable and comfortable home. Indeed, that is why they work hard to provide decent accommodation for the entire family.

However, there is one big question that every needs to ask themselves during the process. Is it better to buy an existing property or build a new one? The only way to answer that question involves taking a look at all the pros and cons of buy or build.

buy or build

Buy or Build: Buy

The Pros of Buying a Home

Firstly, we’re going to take a look some of the plus points you might encounter when purchasing a house. There are lots of developers building new homes in every corner of the United Kingdom.

For that reason, it doesn’t take much time to find something suitable and complete the paperwork. People who choose to purchase a property will have a relatively stress-free experience.

They get to see the home before they spend money, and it comes will all the essentials included in the price.

When you ‘buy off the plan’ you may have the opportunity to move walls, change windows, choose colour schemes, and really personalise the home.

The Cons of Buying a Home

There are lots of downsides to buying a house, and most of them relate to suitability. It’s hard to find a property that meets all your needs and requirements because the designs were created by other people. You also have to move all your belongings.

Still, many developers have become aware of that problem. That is why they now allow buyers to purchase the property before it’s finished.

The individuals can then ask the architects to make any necessary changes to the design before construction takes place. New homes are also pretty expensive.

Buying a home may also mean you can’t buy in exactly the suburb or location you desire. Perhaps homes are tightly held in desirable areas or a home may be out of your budget.

buy or build

 

Buy or Build: Build

The Pros of Building a Home

If you decide to build a house, you will keep full control over the process. You will pay an architect to create the design based on your requirements and stipulations.

So, it’s possible to get something perfect for your family unit, even if it’s small. You also keep some control over the location of the property because you have to purchase the land first. Have you always wanted a games room or a home office?

Well, you can have whatever you like if you build.

The Cons of Building a Home

Contrary to popular belief, purchasing a house isn’t much cheaper than buying an established property. That is due to all the hard work and regulations. For example, you will have to purchase some land first.

You then need to get permission to build, and that can take a while. After that, you’ll need to pay an architect, buy materials, and find tradespeople. Also, the job can take as long as six months in some situations.

 

buy or build

After reading the pros and cons, you should not find it much easier to make your decision. I’m not going to tell you what to do because the right path forward is an individual thing.

It all comes down to how much money you have to spend, and how long you can afford to wait. Also, there’s little point in building a house if you lack imagination. Whatever you decide, I’m sure you’ll end up with the perfect property eventually.

buy or build

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