Buying vs Building a Home?

We all know the single largest investment a person usually makes in a lifetime is purchasing a home.  Buyers typically end up spending lots time and energy looking for that perfect home before finally signing a contract.  Many factors come into play; price, location, HOA fees, property taxes, and the condition of the property.  Also the buyers usually have their ” must have list” that is first and foremost in their minds. www.port-realty.com is great at finding the buyers just what they are looking for in a home. But before www.port-realty.com can help the buyer with their needs, the decision needs to be made weather the buyer will consider a existing home or build a new one. Each path has its advantages and disadvantages. Here’s a look at both sides.

Purchasing an Existing Home

Most people choose to purchase an existing home because of cost and convenience.  You begin by getting pre-approved by a lender, then one of Port Realty agents www.port-realty.com/our-team/ will begin showing you properties. It is important to use a qualified real estate agent for this process.  It will save you time, by streamlining the buying process and guide you through negotiations and assisting with the closing paperwork. If all things go smoothly you should be in your home within 6 to 8 weeks.

Custom vs Convenience

The biggest disadvantage of buying an existing home is not getting exactly what you want.  The floor plan may not have the a master on the main, an open floorplan or jack and jill bedrooms for the kids.  Older homes particular had different building trends such as; smaller kitchen, fewer bathrooms, all bedrooms upstairs, narrow hallways and shorter ceilings. Unless you find an existing home that has exactly what you want and is in perfect condition, you will have to spend additional money on remodeling, repairs, decorating and/or landscaping. These additional expenses should be factored into the overall price, especially when choosing among various properties or comparing the cost to building your own house.

But on the flip side buying an existing home may be a better option if you would like to be in a particular established neighborhood near work, school, friends and/or family. Odds are that the home will have mature landscaping, so you won’t have to worry about starting a lawn, planting shrubs and waiting for trees to grow. And if you want to live close to town, your best bet will be an existing home since most, if not all of the land, will have already been built upon. Since www.port-realty.com is located in the heart of the small coastal town of Southport who better to find you quaint established home.

Building Custom

Building a new home is not as convenient as buying an existing home. It requires finding the land to build on, choosing a floor plan or having a plan custom designed, then choosing a builder.  However you may find a builder who is developing a neighborhood and stream line the process.  But when building in an one builder neighborhood you will typically find your degree of choices and upgrades very limited.

Besides getting exactly what you want in building a home there are also other advantages.  New homes are more efficient.  The energy standards have changed over the years and everything from the HVAC to the insulation requirements have improved.  The newer homes are better for the environment as well.  “Green appliances/Energy Star rated appliances, more efficient toilets, plumbing fixtures, and electrical fixtures allow you to build “green” for a more sustainable home in the long run.

The resell value is also something to consider., a newer home is mostly likely going to be more appealing to potential buyers.  Newer homes may have warranties still in place which would attract buyers and just the fact that a newer home will have less repairs.

Money and features aside, building a house can lead to a level of satisfaction that you can’t achieve through buying an existing home. Again the warning would be to do you homework and choose a builder such as www.bhbbuilders.com, located in Southport, NC..”

Be open minded

You may start your home search looking for an existing property and end up building because you can’t find your perfect home.  Or you may plan to build and after realizing all the decisions and time it takes to build, you change your mind and buy and existing home. Whatever you choose, make sure you have a solid experienced real estate company like www.port-realty.com or a qualified licenses builder such a www.bhbbuilders.com assisting you through the process to ensure sure all goes smoothly.

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