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Buy or Build: Which is the Best Option to get Your Dream Home?

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Nothing is more exciting than being in a position to be able to afford your dream home. Even more exciting is if this happens to be your first home. Whether or not it’s your first home, you should definitely give it your best shot. Trust me, you won’t regret it.

My first home I owned was actually a two-bedroom house that I had completely remodeled and added some more rooms to. It was exciting times but I would definitely make some changes if I could relive that time.

The second home I owned was one I bought ‘ready-made’ after I visited and had a look around twice. I was in love with it and was happy with the ideas swirling around in my head about how to personalise it and make it my own comfy living space.

dream home


Many people are confused about whether to buy or build their dream homes once they are ready. You may have specific features in mind, but deciding whether to buy or build can be difficult. It isn’t very easy to find a home with everything you want.

It is more hectic if you have a tight budget and a specific location in mind. You may be tempted to build your dream home from scratch, but it is costly and time-consuming. You must weigh the pros and cons of the two options and choose the one that is favorable to you.

If you are still conflicted, read on how to know whether to build or buy your dream home.

 

Consult an Expert

Consult an expert if you are unsure about the option to pick. Visit architecture firms to help design your dream home. A professional will advise you based on your needs, budget, and timeline.

It is always nice to get some help and guidance from the expert. This sometimes helps you to avoid major problems down the line.

Advantages of Building a Home

The good thing about building a house is that you can do it how you want to, provided you have the money. Moreover, you get to choose all the materials to be used and can supervise the building process. There are strict building codes that some existing homes don’t follow. Building a house enables you to abide by the rules and avoid closure.

Furthermore, it allows you to play a role in creating your dream home. You will value it more because you sacrificed your time and energy to see its completion. New homes don’t need repair and maintenance, and it will take time before you ever spend money on replacing things in the house.

Disadvantages of Building a Home

Time-consuming- If you are in need of a house quickly, the building is not the best option. You have to consult experts to give you proper design. It could take months or years before the house is done. Prices fluctuate, and you may buy building materials higher than anticipated. Moreover, it involves a lot of decision-making and availability.

Advantages of Buying a Home

It’s quick to buy a house and move in. You will find a beautiful landscape compared to the building, which takes time before trees grow. You can negotiate with the seller and buy the house at a reasonable price.


Moreover, there is no pressure for an upgrade, and you can do it while you live there.

Disadvantages of Buying a Home

You can spend a lot of money on repairs and maintenance. The seller may lie to you about the condition of the house. Some homeowners are manipulative and do everything to get you to buy the house.

You will only realize how worthless the house is once you move in. Furthermore, you may not get what you want and settle for poor quality.

It is good to speak with the neighbours who may point out any problems which you might not even suspect. It’s good to be neighborly.

 

Don’t rush into buying or building your dream home. Instead, consider important factors such as cost, time, and urgency to decide. You can buy a house and do an affordable bathroom makeover if that is what you want. Ensure that you are in the best financial position to choose between the two. Wanting to buy or build a house does not mean that you are ready.

If you do have any other tips for us, don’t hesitate to share it with us in the comments section below.

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Comments

  1. Christian Alcantara says

    March 13, 2020 at 9:36 am

    Building your own home is great since you can design it although it’s going to be much more expensive. Truth be told you do need to think about the aesthetics of your house.

    Reply
  2. Ernie Parnell says

    April 21, 2020 at 9:21 am

    Hie, I like your blog. I also have a dream of buying a house, so that my family will live a good life. But I think as per the current scenario buying a house is good because of time limits and job etc. Your blog is nice and informative. Thanks for sharing!

    Reply
  3. Josh Bersin says

    April 25, 2020 at 8:50 am

    For a house to be your perfect home, it’ll need to grow with you. If you’re planning on having kids, you’ll need an additional bedroom or two. Think you would possibly start working remotely? You’ll want that headquarters. Make certain to offer yourself some room to grow.

    Reply
    • Joleisa says

      April 25, 2020 at 11:04 am

      Thanks so much for those comments which we totally agree with.

      Reply
  4. Carina says

    May 28, 2020 at 6:35 pm

    Building your home according to your design and dream is always the best option. But it can be costly so it actually depends on your budget.

    Reply
  5. Ananya Biswas says

    June 28, 2020 at 5:50 am

    A very nice and knowledgeable article.

    Reply
  6. Pr says

    July 20, 2020 at 8:29 pm

    Hi there! Thank you for sharing such informative and useful content!
    Glad I popped by your blog.

    Reply
  7. Princess says

    August 21, 2020 at 6:45 am

    What a great post. Cheers

    Reply
  8. Adam Golightly says

    September 8, 2020 at 10:14 pm

    My cousin really wants to buy her dream home now that they have an easier time with their financials and getting some help could be really nice. Getting a professional to help her decide what she needs in her home could be really useful and help encourage her to relax. I’ll be sure to tell her about how she might want to build a home so that she can have a better role in creating in and it will be stricter.

    Reply
  9. Amelia Raymen says

    November 8, 2020 at 6:48 am

    Hie, I like your blog. I likewise have a fantasy about purchasing a house, with the goal that my family will carry on with a decent life. Be that as it may, I think according to the current situation purchasing a house is acceptable due as far as possible and occupation and so forth Your blog is quite educational. A debt of gratitude is in order for sharing!

    Reply
  10. Aggre says

    November 21, 2020 at 4:25 pm

    Hey, thanks for your posting on house building! These tips are wonderful – gonna put them into practice soon 😉

    Reply

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Hey guys and gals!

Hi, we're Jo and Leisa, twin sisters and authors of Joleisa.com. Originally from the sandy beaches of Jamaica we now reside in England where we followed our calling to teach. But sometimes that call changes and our new passion is writing. We're here to give the ups and downs of it all with our lifestyle tips and tricks to help you avoid the sour lemons that can get in our way of frugal budgeting, intentional living and happiness. Join us and learn more about how we found the simplest ways to achieve easy living. Read More…

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