Buying and or building a home can be the best or worst decision you ever make in your life and while it can be an exciting journey, it’s not always as easy as it may appear on HGTV. In fact, if you have never been a home owner, purchasing a home could be a daunting task–especially, if you’re not prepared for what lies ahead. Before stepping into home-ownership it’s important to educate yourself about the process of home buying to ensure you have thorough knowledge of the market before making a decision that can impact you and your family’s lives forever.
“Should I build or buy a home?” is one of the most popular questions many new home buyers ask as they begin their journey. While it may seem like you should be able to answer that question pretty simply, it is actually very complex and a question that requires several other follow up questions. In order to ensure that you are successful in your journey to home ownership here are just a few questions you can ask in your initial process to ensure you are making the best decision possible.
Do You Know What You Want?
Do you really know what you want in a new home or will you only know what you want when you see it? If you are not sure what you want then perhaps buying an already established home is for you. If you are one of those many people who has created their dream home in their minds already then floor planning and 3d rendering will save your life. One of the best investments you can make when planning to build your home is to have a 3 dimensional model of your home created in order to keep you from simple regrets such as building a room that’s too big or small.
Can You Do the Work on Your Own?
Many people are eliminating the middle man for a plethora of services and opting to do the work on their own. Taking your home building into your own hands (especially if you have the license to do so) could save you and your family money on labor and repair costs if done correctly and who doesn’t want to save money right? One suggestion that many “Do-it-Yourself” experts make is to leave very technical jobs to the professionals. A few of these jobs include: roofing, installing HVAC systems, plumbing etc. Attempting to do these tasks on your own–especially if you are not qualified, could cost you more money in the future if you’re not careful.
Will You Need City Services?
Do you prefer living with a well and/or a septic tank or would you prefer to live in a place that is regulated by the city? If you are confident that you would rather be regulated by the city, then buying an existing home will work far more in your favor than building one.
What Other Options Are Available?
There are several different options available to those who are interested in building or buying a home but it all boils down to knowing exactly what you want and how soon you are wishing to accomplish it. Even if you begin your home search and set on finding the perfect property that already exists, you could easily end up deciding to build in order to get the home of your dream. On the flip side, you may intend to build and later decide an existing home is better. Whichever option you decide, it’s always best to work with an experienced professional such as a real estate agent or a general contractor to ensure the process goes as smooth as possible.