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Many potential homeowner wonder, is it better to build or buy a home? Decide for yourself with some facts about building vs buying.


Build vs Buy


I think that this article, though not always clear on the matter, demonstrates thoroughly that building a new home is ALWAYS BETTER!!!

BUILD VS BUY INFOGRAPHIC
BUILD VS BUY

Many potential homeowner wonder, is it better to build or buy a home? Decide for yourself with some facts about building vs buying.


Build vs Buy


CUSTOMIZATION

One great advantage of building a home is that you can custom-design it to your specifications.  Always wanted a wrap-around deck and a super-sized master bedroom?  You can make your visions come to life if you choose to build your next home.

Buying an existing home may not offer a lot of opportunities for customization, but a bucket of paint and simple remodels can make a huge difference.  BONUS - existing homes are often much cheaper to get into up front.

HOME COST

The National Assocation of Home Builders found the average cost of building a new single-family home to be $377,102.00.

The US Census reports that the average sales price of a new single-family home is only $267,900.00.

TIME

Those that build homes are often surprised at the construction delays that happen and that their home is often completed months after (not always the case!!!) an estimated finish date.

Purchasing an existing home can sometimes be a lengthy process as well if delays occur in the lending process.  But generally, buying an existing home is much faster than building a new one.

ENERGY EFFICIENCY

Homes that are built new will have the most up-to-date technology and building materials.  This helps to cut down on electricity bills.

Older homes may need ot have their heating or cooling systems replaced, generally at a substantial cost, with more energy efficient models.

APPLIANCES

New homes require new appliances.  This can be a steep price to purchase all needed appliances at once.

Existing homes will have all or most appliances included in the price of the home.  This can mean significant savings for a buyer at the time of close, but could mean substantial cost to them later.

COMMUNITY

A downside to building a new home is that it may be built in an area that is not as developed as neighborhoods that are already established.

Existing homes are in communities already established.  It is easy to gauge the character of the neighborhood and the home will already be near shopping, employers, etc.

I think that this article, though not always clear on the matter, demonstrates thoroughly that building a new home is ALWAYS BETTER!!!

Thanks for enjoying our infographic.  Hopefully it's been helpful!

 

 

 

 


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    matt Milar

    Licensed B-100 Contractor
    Licensed Real Estate Agent
    Matt Milar has been a licensed Realtor since 2000.  He has actively been building new homes since 2003.

    View my profile on LinkedIn

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    Categories

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