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Should You Buy an Existing Home or Build One?

Shopping for a new home is exciting. It can also be a bit frustrating. It is difficult to find a home on the market that is exactly how you want it to be. It may come close, but there will almost always be things that you want to change. This can lead you to wonder if having a home built would be a better option for you. For many, this is just a passing thought, but some go so far as to search for 'home builders near me' or general contractor in Rye, to discuss their options. The following information is designed to help you answer the question as to whether you should have a home built or buy an existing home.


Cost

Cost is usually the biggest factor when it comes to deciding whether to have a home custom built. Consider the following information.

  • A custom home generally costs more. However, it is also generally larger. Therefore, when you compare the cost per square foot, the existing home may be more expensive.

  • Consider the renovations that you want to have done to an existing home. These renovations can easily push the cost up so that it exceeds the cost of having a home built.

  • You will need land to have a custom home built. Also consider the cost of the land when you determine the final cost.

Get Exactly with What You Want

The most compelling reason to have a home built is to get what you want. Every single detail will be built to your specifications. When the home is complete, it's move-in ready. Everything is new, you chose every finish and color, and it will be your dream home. A custom home is wonderful, it feels amazing to walk inside a home that you had a hand in creating. It fits you and your family and the way that you live.


Time Frame

If you are in a hurry to move, a custom home may not be the right choice for you. An existing home sale is faster than the construction of a custom home.


As you can see, there are pros and cons to each option. It comes down to your wants and needs. No matter which type of home you choose, it will be yours and that's a wonderful thing. Enjoy the process of finding your perfect home.

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