Residential Real Estate: Buy Existing or Build?

residential real estateWhether you are looking to purchase your first home or want to buy a new house because your current one isn’t meeting your family’s needs, the first decision you will need to make is whether to go with existing residential real estate or have a home built for you. Each route has advantages that may sway you one way over the other based on your particular situation.

  • Option A: Buy Existing Residential Real Estate – There is no question that buying an existing home is quicker than having one built. Even though the process of finding a home, going through negotiations, and then closing can take a while, it is usually less time than it takes to have a home built, particularly if you go with a custom or semi-custom home. The downside of going with existing residential real estate is finding one that meets all your needs. You’ll generally find that you’ll need to make compromises as few homes end up being completely perfect in every regard.
  • Option B: Have a Home Built – Having a home built is the way to go if you like the idea of your home having never been lived in before. It is also ideal when you want peace of mind of the condition of all the components as they’ll all be new, and you aren’t inheriting any problems that the seller may not have told you about or even known about. You can decide between a set floor plan build, a custom build or a semi-custom build depending on your budget and whether you find floor plans that work for you. In any case, you will be in control of the various materials such as paint colors, countertops, cabinetry, and flooring.

If you have learned that there isn’t any existing residential real estate on the market that grabs your interest, or you want to take advantage of the benefits of having a home built for you, give us a call at Beason Homes.