New Homes: To Build or Not to Build?
Everyone wants
to own their own house at some point in their lives. Becoming a homeowner is
indicative of success and stability - the quintessential landmark of adulthood.
Building equity, reaping tax benefits, and eliminating landlord woes are just a
few of the many perks to ownership. It seems like a no-brainer, really.
Unfortunately, 2008
was the beginning of a rough era for real estate. The House Market Crash of
2008, also known as the United States Housing Bubble, is considered one of the
most horrific economic crises in U.S. history. It put a serious damper on the
ability to purchase property and caused the nation's economy to tailspin into a
recession. Now, six years later, economists report an improving trend. The
nation's economy is on the upswing and houses are becoming more affordable to
purchase than ever. With the housing market dilemma dwindling, that leaves only
one question: build or buy?
Advantages of Building
Building your
own house gives you the ability to make it your own, down to the smallest
detail. It can foster a unique sentimental value that cannot be duplicated by
buying pre-owned. Additionally, brand new homes are less likely to require
repairs or routine maintenance. Since they are usually under a warranty, any
repairs or maintenance required will be completely covered. New homes are also
often equipped with advanced technology and a more intuitive design, allowing
for higher safety standards and higher efficiency which result in lower
electric bills.
Disadvantages of
Building
Choosing to
build your own house is definitely the more expensive route. New homes are
typically more expensive per square foot than those previously-owned. Include
the cost of purchasing land, construction costs, and Homeowner's Association
fees and the overall expense can put a strain on you financially. Likewise, the
Homeowner's Association tends to implement strict rules you must abide by, from
paint to garden demands. You should also consider the intense time commitment
building requires, as there will be numerous meetings with developers and
contractors from start to finish. Most importantly, the time it takes to build
varies. From budget to inclement weather restrictions, the entire process could
take a very long time to complete.
Advantages of Buying
Buying a
previously-owned property is super convenient because you can move in as soon
as possible. You can usually negotiate the price since the house might not be
exactly what you want, so the overall cost is cheaper. Also, since you are
already part of an established community, there is no Homeowner's Association
to worry about. Overall, buying involves taking fewer risks and results in less
stress.
Disadvantages of Buying
Unfortunately,
previously-owned houses are often old and require routine maintenance and
sometimes large renovations. Also, because these houses are older, they are
less energy-efficient, resulting in higher electric bills. Electing to reside
in a previously-established community also forces you to compromise on
important aspects of living, including location and amenities. You can also
expect an inventory shortage alongside improvements in the housing market and
economy. When more people are buying, there is less to pick from.
The decision to
build or buy your own house ultimately lies with you. Determine what's right
for you, and keep the market for new homes in mind when making your decision.
Everyone deserves and can acquire their dream house, whether it is new or used.
Some
of the things we can do for you if your decision is to buy a finished home:
· Find
Your Next Home You need someone who knows this area inside and out!
· We can
work with you to find the right home at the right price for you - not to
mention the essential criteria you have for your ideal home Sell a Home When
it's time to move, you need someone who will advertise your home, show to
prospective buyers, negotiate the purchase contract, arrange financing, oversee
the inspections, handle all necessary paperwork and supervise the closing.
· We can
take care of everything you need, from start to close. Consult on Home Selling
Tactics oftentimes buyers don't visualize living in your home the way you do. Anisa
can make your home attractive to its ideal audience - which can help you get
top dollar. Things like staging the home, making repairs or minor improvements,
or even simply painting the walls can be the difference between a home resting
on the market and one that's sold fast.
Feel free to browse for Homes on our
website at www.atlantaluxuryhomes4sale in order to get more acquainted with
what we have to offer.
For custom new
homes in Atlanta, GA, look no further than Alex Custom Homes. Learn more at http://www.alexcustomhomes.com/
Alex Custom Homes
Max and Anisa Kimmig
2640 Hermitage Drive,
Cumming, GA 30041
Office: 678-455-3636
Direct: 678-793-6474
Fax: 678-455-3637
Max and Anisa Kimmig
2640 Hermitage Drive,
Cumming, GA 30041
Office: 678-455-3636
Direct: 678-793-6474
Fax: 678-455-3637
I want to buy new home in Arizona and want to hire some real estate agents. Please give your reviews on Luxury Arizona Real Estate.
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