Should You Buy or Build a House?

Mortgage and Lending with Katz Mortgage Team, a branch of VanDyk Mortgage Corporation

As you start to search for your dream home, you may be open to the range of options. One of those choices you may face is deciding on whether to buy or build your own. Each option has its pros and cons. For instance, building a home gives you the opportunity to customize a floor plan, however, it will take months to construct. If you buy a home, you will have to compromise on the floor plan, but you might be able to move in quicker.

Before you decide on your dream home, let’s compare the two.


Building a House

What are some advantages of building a home?

  •          Discounts on materials

Believe it or not, building a home can come with many benefits and opportunities to save money. When working with the suppliers, some suppliers will offer higher discounts the more you’re willing to buy.

  •          Everything is new

All the technology is up to date and you hopefully won’t have to worry about repairs right away. Overall, everything in the house is in good working order.

  •          Design control

Everything is what you want from the start.

Disadvantage of building a home:

  •          Time

The time it takes to build a house takes an average of seven months. This means you will be staying at your old home for quite some time or at a temporary place until its finished.

  •          Limitations

Although you can customize your home details to suit your taste of style, upgrades can be a bit pricey.  



Buying a House

What are some advantages of buying a home?


  •          Opportunity to flip a home

If you bought a home that needs some renovation, you have the potential to flip the home.

  •          Upgrade costs can be delayed

After purchasing a home, you have the time to upgrade your home, allowing you to better budget for the expenses.

  •          Easy to visualize

It’s easier to visualize your pre-existing floor plan.


Disadvantages of buying a house:


  •          Upgrade costs:

Having the chance to move in your home is great but even the simplest home improvement, such as a kitchen, can be a major time and money investment. 

  •          Higher home insurance:

There’s a possibility your home insurance will be higher compared to a new home.

  •          Decorating cost:

Besides paying your closing cost, there are other upfront cost you should be worried about. You might have to invest some time to upgrade your home like wallpapers, changing paint colors, or updating floors.


When it comes to building or buying a home, it really depends on the buyer’s goals. I believe it comes down to personal preference. Once you are ready to house hunt, you will know exactly what you’re looking for. Owning a home is a great thing that can happen. What is the right choice, for you?

Additionally, if you want a full team of mortgage professionals, we’re happy to help you make the right decision. Please don’t hesitate to reach out to us for more details: 770-552-1000.

We look forward to hearing from you! 







Comments (0)