I’m lucky enough to be at a stage where I can afford to buy my first home. But I’m having difficulty finding somewhere I actually like. Whilst I’m not afraid of hard graft to bring a house up to the standard I would like, many times throughout the whole process I have asked myself if; is it better for me to buy a property or build one? The only way to answer that question involves taking a look at all the pros and cons of each decision. With that in mind, the information you require is published under this paragraph. Read it and try to work out which is the best option for you.
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.
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. 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.
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 you or your family, even if it’s small. You also keep 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, building 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.
So even after reading all those pros and cons, you still might not have reached a 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.
*this is a collaborative post