It is definitely more common for people to buy their home than it is to build it. But ultimately this is an entirely personal decision that depends on your situation. Have you always wanted to build a home that fits your needs perfectly? Or are you looking to get out of a rental or apartment and want to move as soon as possible? Both are very valid options and have their advantages and disadvantages. I hope I can give you some clarity and help you decide whether you want to build or buy your Brighton home.
The beauty of building your home is that you can make it uniquely yours. Virtually everything can be altered and made to fit your needs and taste! How much customization you are allowed may depend on if you are building in an area with an HOA that has strict rules. The other thing to keep in mind when customizing your home is that you’ll probably need to sell it one day. You might LOVE putting something very unique in your home but consider how it might affect a sale later on.
When buying a house it’s nearly impossible to find a home that perfectly fits your needs. There will always be something that you would’ve done differently or want to change. Renovations or remodels are a good option but if you are part of an HOA you may be limited in what you can do. So think about how much customization you want to have when deciding if you want to build or buy your Brighton home!
You will need to consider your timeframe when making the decision to build or buy. Building a home is almost always going to take longer than simply buying one. This is virtually inevitable. There are just many more steps; buying the land, finding an architect, waiting on permits, finding a contractor, getting the right materials, the inspection to make sure everything is up to code. And sometimes things outside of human control, like the weather, can affect your timeline.
If you decide to buy your Brighton home but want to do some remodeling you might run into similar problems. But if you buy a home that fits your needs and is virtually move-in-ready the whole process will take far less time and be a lot less stressful.
Maintenance and Costs
It’s hard to predict whether building or buying a home will be more expensive overall. Yes, building your Brighton home will probably have a larger upfront cost because of the land, labor and materials you need to pay for. However, the home you are going to be living in is brand new! This should mean that your maintenance costs are lower. If you have built a more energy efficient home you will also be saving on utilities. You will also likely have valid warranties, meaning that if something breaks you pay less out of pocket.
Buying your Brighton home can save you money at first because you will have the opportunity to bargain with the sellers. Depending on if you are happy to move into the home as is you won’t have to pay much to fix up the home either. But if you want to do major remodeling that will certainly add to the costs. Or if it’s an older home you might end up paying more in maintenance and utilities down the line. It is hard to predict these costs and it varies greatly per home but it’s good to be aware of potential financial implications.
How Can I Help You Decide If You Should Buy or Build Your Brighton Home?
I hope this article has shown you that I am a knowledgeable and very honest real estate agent who wants to help buyers and sellers. I want to provide my clients with interesting and up-to-date information so they can make informed decisions. If you think that my expertise and positive attitude might be of service to you don’t hesitate to reach out and contact me!