Having a home of your own is anybody's dream. This does not only apply ทาวน์เฮ้าส์มือสอง กรุงเทพ for families but also to single people. Aside from deciding on the type of home, there is also the issue of whether to buy a lot and build your home or buy an existing home. Listed below are the advantages and disadvantages of building or buying a home.
Advantages of Buying an Existing Home
It is cheaper to buy an existing home with a big lot. You get to save more on the price of construction materials. You get to save even more if you wish to refurbish the home to suit your preference. With the refurbishment done, its value increases in the event that you wish to resell the home.
Disadvantages of Buying an Existing Home
It may have more maintenance issues or problems to deal with such as faulty electrical wirings, plumbing issues, roofing and walls, cooling and heating, appliances, etc.
Advantages of Building a Home
You can choose from the various housing layouts offered by the builders. You can even choose the kind of finishing that you want. You can hire an architect to design your home although this will be added cost. You are assured that it follows building codes and materials are used. You can check on the progress of its construction; hence, lessening your maintenance costs. Builders offer a one year warranty that includes direct outlay of cash.
Disadvantages of Building a Home
It is more expensive particularly if you choose to live in the city and likewise costlier if you want a bigger lot. The continuous rising costs of materials are additional expenses. It may be difficult to resell particularly if you have exceeded the regular price range of homes in your locality. It is harder to get your loan approved. Banks and lenders consider it riskier than approving a loan for existing homes. The reason is it is difficult to assess the market value of the home prior to its construction. Most of the new homes that are being constructed have the same structure. You have to wait for some time before your home is completely finished. This usually takes approximately 6 months to one year. You also need to foresee some delays. Your target date to move in may not be met, as problems may impede the construction of your home. You need to hire another person to do the landscaping of your home. You will have to furnish your home with new furniture pieces, lighting accoutrements and decorations.
Whether you plan to buy an existing home or build a home, it is important to consider its efficiency. A cost- efficient home will save you on operating expenses leading you to incur lesser utility bills. The best thing that you can do when buying an existing home is to hire the services of a well-experienced and qualified home inspector, as he can easily spot the problems and can warn you whether it is a good real property or not.
You also need to take into account your family's concerns when buying real property. Getting a good agent will help you to find your home as well as giving you less stress.
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