Buying a home is a significant investment. The hard part often lies in the decisions that follow – including the decision whether to buy or build your home.
While both great options, they come with their own benefits (and challenges). Use this resource to help you think through your decision and make the best choice.
The Short Answer
Typically, the upfront cost of buying a house is less than that of building one. However, this answer becomes instantly more complicated when you factor in the following:
There are other non-monetary factors, like move-in time, that will also play a role in your choice. Continue reading to take a deeper dive into pros and cons of each option.
A great way to start the conversation is by researching the cost per square foot of building in the area. Then, compare this total cost with the price of similarly-sized homes on the market. You’ll then have a good idea of the amount you’ll invest in either scenario.
Benefits of Building
Benefits of Buying
Spend some time brainstorming your own “pros and cons” list. Sometimes, it’s easiest to make your choice when you have a visual comparison to reference! Whether you decide to build or buy, be sure to anticipate and plan for these inevitable costs:
No matter which decision you make, local Neighbourly businesses are ready to help you get the comfortable, beautiful home you want. Visit our homepage to learn about Neighbourly experts that can help with any of your home service needs.