It’s safe to say that purchasing a home is the single largest investment that a person will make in their lifetime. Naturally, you want to ensure that your investment is worth it! Taking measures to protect it requires implementing the right steps and actions, which can save you a lot of money, time, and energy in the long run.
When it comes to buying a home, there are two paths to choose from: buying a home that’s already built or building and designing your home from scratch. Each has its own set of advantages and challenges, but there are many benefits that come from building a new home. Keep reading for three advantages of building vs. buying.
1. Your Budget Creates Flexibility
Designing and building your own home gives you a little more flexibility than if you were to buy a pre-built home. Throughout the entire process of building a home, you are financially aware and know where different aspects of the design fall within your budget. When you choose to buy a home that’s already on the market, you have less control. There is no freedom to modify the floor plan, change selections, or add additional upgrades. In contrast, building a new home allows for more give and take during the design phase. You can easily determine which elements of the home to splurge on and where to save.
2. The Home is Tailored to Your Needs and Lifestyle
Buying a pre-built home often means purchasing a home that is similar, or even a cookie-cutter version, to others nearby. While cookie-cutter designs work for many, every family has its own set of unique needs. Building a new home gives you the luxury of customizing its design to suit your needs and lifestyle. Homeowners who opt to build vs. buy have the advantage of choosing their home design, tailoring it to their preferences, and being involved in the entire construction process. When it’s all said and done, your new home will have all the features necessary to serve your family now and in the future.
3. There’s No Need to Renovate
Buying and moving into a new home is already a lengthy, time-consuming process. Renovating requires additional time — and money. Designing and building a new home eliminates the need for renovations, as the home is exactly as you envisioned. Better yet, a new home comes with the latest and greatest in building materials, including plumbing and electrical. So, there’s no need to worry about unexpected and costly repairs, but if something does come up, it will likely be covered under the builder or manufacturer warranty.
While all three advantages listed above speak volumes about the benefits of building a new home, one of the biggest is having a personal connection with your home even before you move in. As an active participant in the entire process, you’re able to watch the home come together from day one and every piece speaks to your style and personality. From the floor plan to the design to the finishing touches, every element has been hand-picked by you, for your home.
Whether building a new home or remodeling an existing one, Ironwood Custom Builders is here to help. Contact our team to discuss your project and learn more about our process, including virtual consultations.