Favorable And The Unfavorable Factors Of Buying Vs. Building Your Dream House

This is a very serious issue between buying or building your dream house is an ongoing discussion. Either of the options has their own factors to prove but still, it is your personal preferences and circumstances that you can depend on.

But before you make your decision, you should consider all the possibilities what will best suit all your needs and priorities. Here are some of the favorable and unfavorable factors of buying compared to building your dream house:

Buying an Existing House

The Pros

Convenient: Buying an already established home is actually more convenient compared to building a new one. For this, all you need is only a loan pre-approval so that you can start looking for your dream houses that suit your priorities, taste, budget and many more as per you.

By finding this type of property often gives you more options in terms of locality, as vacant land packages in key localities are difficult to pick. As already built homes may be near to shopping places, malls, transport areas and this also gives you the better choice to shift immediately or at any time.

What to Expect: As you cannot conduct your dream house, property or a building without an inspection, as you might not know the difficulties that might arise later on – like as a builder cutting plots or local termite issues. And if you are buying, a pre-purchase building inspection of a particular house will reveal all the issues you might encounter.

Buying already established home also means you can have a livelihood neighbor. And this also means that you can check out all the facilities nearby such as transport facilities, supermarkets, cafes, schools, and numerous facilities.

The Cons

Design Flexibility: It is really unexpected to find an established house that will be according to you 100% - there will always be something missing and you might want to change some specific things after you purchase the house.

Sometimes, it is like you will be loving the locality and other things, but the plan on the floor doesn’t suit you, in this case it could be an expensive deal for you, as changing the design of the layout or anything as per you then it might not be possible until and unless undertaking a major renovation project.

Legacy Issues: Already existing home is dated and maybe somebody already lived in, so there might be issues with plumbing, wiring or pest infestations that can cost more and your budget may shake at that time. So, it is highly recommended that before buying an existing home, you should get a pre-settlement inspection done by the experts to discover any major issues before you take allot.

Building Your Dream House

The Pros

Design Flexibility: New home means a lot to the person, building a new home for the person means you can have everything according to your specific taste and needs. Even you can design as per you which will offer an improved energy efficiency – and that will be adding new fittings and appliances in line with latest designs and energy standards.

Cost: The cost will be another major element that can affect your decisions, but this is not the only one. Certainly, it might not be that much more expensive in other states rather it can turn out to be cheaper to build your own dream house. But like if you are saving money at the same time you have to spend time by calculating all the things and construction process and there should be a mutual concern with your builder. Apart from all the things building a new home worth more as compared to its cost.

The Cons

Convenient: If you are building your new home, then it won’t be easy to move in straight away. In this situation, you have to plan to live somewhere else for the meantime and you also have to decide the cost. You can also move during the construction of your property, but this can be disturbing for your daily life as they will noisy and unpleasant atmosphere because of the construction.

Stuck With A Bad Builder: Most important decisions before starting your own project will be choosing the right builder for constructing your dream home. With one wrong decision, you can lead to an unnecessary delay, cheap quality, a lot of headaches which may head you to spend an extra cost. And this will break your heart by taking away all your excitement from the process of seeing your dream home construction live. So please be careful and think that your builder should be licensed, reputed and insured as per your requirements. There are many western Sydney home builders, which do their job perfectly.

Next Step For Your Dream Home

Both the options are having their own clarity and benefits and drawbacks too, now it is your decision to choose the best one for you accordingly. So, if you are working and looking for a new home near your workplace and wish to shift immediately than purchasing an established house will be a better option for you. And there are best builders were buying a new home from Bathla Group in Sydney will be justified for you.

On the other hand, building a new home is exciting and just living your dream – so it is very important to choose the right builder. The Bathla Group, which is a leading construction company, we listen carefully to our clients and helps you to create your dream home.