Right now that is becoming one of the biggest questions in Frisco TX. Should I buy or should I build? There are many great home builders in Frisco. The biggest challenge is deciding on where to live within the city. There are some areas where there just is no more new construction. Many sub-divisions are built out and if you want in them then there is no choice. There are still some great places that have both preexisting and new homes.
New Homes
Challenges
- You are going to have to wait if you want the entire new build experience. In Frisco you are looking at a minimum of 8-9 months on a 3,000 square foot home. Longer if you want larger.
- You can't build every model on every lot. That means while you might have the right plot, you might not have the right plan for that lot.
- You can't build the same model too close to each other.
Advantages
- You get to pick colors, upgrade, hardware, etc... This is your custom, semi custom or track home. Depending on the price and builder will determine your customization.
- You can have it inspected while it is being built not just after.
- You often can get closing costs and other costs covered by the builder (don't worry they have that built into their model too.)
Preexisting Homes
Challenges
- You do not know how this home was maintained.
- You are stuck with certain aspects unless you want to invest in changes. Some will cost more than others.
- Depending on the market you may not be able to get the home you want.
Advantages
- You can usually move in within 30 days.
- Your landscaping could be a lot more mature. Landscaping is not an inexpensive proposition.
- You may just be able to get a lot more upgrades than you thought as many homes do not get back what was originally invested.
What To Do, What To Do, What To Do
This is by no means a complete list of challenges and advantages. That would take a lot more than a blog post. As you can see from a quick review, it is easy to justify and rationalize either decision. Regardless of whether you buy or build, the steps are easy:
- Visit a lender and find out what you can afford.
- Engage a professional Realtor®, as they work with people everyday with these decisions and can help you work through the issues.
- Enjoy the process. This will be one of or the largest investments of your life. Try to enjoy the experience.
If you find yourself thinking about buying, leasing or selling in the great state of Texas and especially in the DFW area, give me a call and find out what all my other clients know: when you work with me, Your Success is My Focus
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