Making the decision to buy or build a home is a big one, and one of the most difficult decisions you may ever make. There are pros and cons to both building and buying, some of which we will go over today. As you start to look for a home to purchase in Frisco, you may soon realize there are many different options other than simply buying a home that was recently built. Many people ask us, “is it cheaper to build your own home or buy a house?” The answer to this depends on numerous factors. As we’ve discussed at great length over the last several months, the housing market in North Texas is hotter than ever, making the home buying process even more challenging.
Potential home buyers are coming to realize that making the decision to buy a home in Frisco isn’t as straightforward as they may have wished. With such a competitive market, it is important to explore your options and make sure you understand all the different directions you can go. Building a home, for one, is an option many people think will be too expensive and time-consuming, but this is not always the case. While building your home undoubtedly takes time and patience, in the end you will have a home that is truly “yours” and no one else’s. On the flip side of this, purchasing a home that has already been built means you won’t have to worry about every single little detail, and you will be able to move into your new space much sooner. With these points in mind, let’s take a look at the benefits and disadvantages of both building and buying a home.
Building Your Home
One of the first things to keep in mind is that building a new home does not come with the same convenience as buying an existing home. If you are considering going this route, this small detail is something you need to remember. That being said, building your own home has many advantages, including:
- You get to take a custom approach, choosing every single detail of your home, from the layout to the kitchen and master bedroom
- You won’t have to worry about any unpleasant surprises, such as mold or foundation issues
- No renovations!
- You can build a “smart” home equipped with automation and efficiency. For more on this, learn about the nation’s first energy-free neighborhood right here in Frisco
- Your home will be under warranty
- Everything will be new
Buying a Home
If you don’t want to mess with building a home from scratch, there are certainly plenty of options throughout Frisco at various price points. Some of the top advantages of buying a home over building include:
- Much quicker turn around
- The home will likely be in an established neighborhood
- You will already have mature landscaping
- You will have more negotiating power
- Far less stress!
There are reasons to both buy and build your own home, as you can see. If you aren’t sure which direction is best for you, contact The Cheney Group today. Our Frisco Realtors not only understand the market but are here to help ensure you make the best decision for you and your family.