Buy or BuildWhen you have come to a point in your life where you are settled in your career, know what your family plans will be and know where you want to live, it is time to put down roots. After you carefully weigh the pros and cons of buying your home versus building, you will be able to start on this exciting new phase of your life.

Buying a Home: Pros

If you are looking for charm and character the pros of buying your home versus building will be easy to see. You cannot get the same character from a new build as you can from a hundred year old home. From the garden in the back to the way that the flooring was constructed, character is a benefit of an older home.

Additionally, buying a home can be a quicker process. The home is built and just waiting for you to move in. You can take on renovations at your own convenience. You may even have motivated sellers who will help cover cleaning or closing costs.

Buying a Home: Cons

When understanding the pros and cons of buying your home versus building, you do have to consider the downsides. Buying a home means that there will be things which you do not love. You may have to do renovations, the floor plan may take some getting used to, the previous owners may have had cats or been smokers and it could take some time to clean.

Building a Home: Pros

There is nothing quite like building your own home. Whatever you have dreamed of for a home can be a reality, if you have the right contractor and the right builder. Weighing the pros and cons of buying your home versus building can help you see the potential to make this home whatever you want. You can have a home built in an upcoming community from a set of specs, you can buy an old home and have it knocked down, or you can buy land and build your new home in your dream location.

Building a Home: Cons

Some people feel like planned communities are too boring and they could not live there. Additionally, new communities have homes which may be closer together than neighborhoods which were established years ago. With new homes, everything is new, which goes for the yard as well. You will have to take care of the growing landscape, the sapling trees.

One of the most difficult things about new homes is the time and the price which the project will cost. A new home price can fluctuate depending on any changes to the plans, acts of Mother Nature which cause the process to go long, or upgrades which you want to add.

The home you choose will depend on how fast you want to move, how much charm you are looking for and how flexible you are with your budget. In the end, you will have the home of your dreams.