Before diving head first into building a custom home, it’s worth really considering: Is building a new, custom home or buying an established home better for me and my family?
There are pros and cons to both building a new home and buying an existing home. To help you make the best decision, ask yourself these questions.
Should You Build or Buy a Home?
- Do I have a hard time making decisions?
- Do I struggle with wanting to change decisions I’ve already made?
- Do I have the financial resources to build the home I actually want?
- Is my schedule too busy to find time to do the things I enjoy?
- Do I welcome advice and insight from building professionals?
- Am I regularly disappointed by interactions with other people?
- Do I look for a win-win solution during conflict?
- Do I have the available time over the next 2-3 years?
- Do I recognize that things won’r always be perfect?
- Is our family life stable enough to handle this additional stressor and responsibility?
Building a new home is a joy, but it also certainly comes with it’s challenges and setbacks. How did you respond to the questions above? Does it give you any insight into whether building or buying a home is the better option for you?
You might be ready to build a home, if you answered “no” to the first 6 questions and “yes” to the last 4 questions. When making the decision to build a home, it’s important to make sure you’re not only financially prepared, but also emotionally ready.
So, You’re Ready to Build?
If you believe you’re ready to build a custom home, it’s time to move to the next step: estimating your costs. When working with a builder, you’ll create an “estimate cost” based on the must-haves and wishes on your list. To talk with one of our professionals and move forward with building your custom home, visit our contact page.