When it comes to the properties of a safe home or a comfortable one, it’s all down to the person that lives in it.
After all, they can make alterations to the interior of the property, but there may still be some quibbles that they wish they could adjust. And this is where building your own home would be a perfect opportunity. But, is it actually better to build your own home? And is it something that is financially feasible?
The Freedom
Naturally, building your own home means you’ve got far more leeway in terms of making what you want. You need to have the vision of what you want firmly implanted in your mind, and be able to communicate this to designers and development companies. But you still have the gamble when it comes to working with the right people. You certainly have the freedom to decide what you want, but things can fall through.
As such, it’s worth having an idea firmly planted in your mind, but also being malleable to appropriate change. Because, after all, there will be things that fall through or are beyond your control. Look at Mark Saunders, manager of the Ocean Ridge development companies, who went to a lawsuit, but came out the other side. Don’t take anything for granted.
The Maintenance
From a practical perspective, the maintenance of a built home when you compare it to the upkeep of an existing property, older homes are subject to more wear and tear. And as these components will need to be replaced, like the HVAC system, or the roof, when you build a new home every item will be brand new, and under warranty. As such, maintenance for the first decade will add up to the princely sum of zero dollars.
When you compare this to the costs of building a home, the figures still add up to a little bit more. In fact, building a home can cost $66,415 more than buying one, but when you think about the common headaches many homes have, these things aren’t a concern in a brand new home that you have built yourself.
The Value
When you purchase an existing home, you’re able to find out how much it cost in the past, and compare it to existing homes in the area, giving you that overall feel of if prices are rising or falling. When you compare this to a brand new home, especially in an area that’s up and coming, or hasn’t had homes built there previously, it becomes a big gamble. And when we build a home, even if it’s our forever one, there’s no telling what the future will hold. So we may have to sell it on at some point and get significantly less than we thought.
Is it better to build your own home? It depends on your needs. If the modern home doesn’t give you everything you want, then starting the ball rolling to build your dream house can give you everything you want. But, of course, you’ve got to think about the long run. The renovation, the building, as well as the administration, can add up to one big headache. And this is true of any renovation project, but, this means that’s it will be worth it.
