The Benefits of Building a New Home vs. Buying a New Inventory Home
Imagine buying a home and immediately moving in, no waiting for paint to dry or for the builders to finish up final touches. For people buying ready-to-move-in inventory homes, this is a wonderful benefit.
But some homebuyers desire the customization that comes with designing their perfect home and overseeing the construction. These folks are fine with the wait because the final product is often as close to a dream home as possible.
Neither of these options is necessarily better than the other. It truly depends on what’s important to you and your family. If you’re looking to move and aren’t sure which option is right for you, take a look at some of these benefits of each. It may help you with the decision.
Benefits of Building Your Dream Home
Building your own home gives you full control over every detail, big and small. Everything from the building layout to the countertops and cabinets is up to you. Design an enormous kitchen with a walk-in pantry or a master bedroom complete with a shower and hot tub. Whatever you want, there will be a floorplan option that suits your needs.
Location, Location, Location
When buying an inventory home, you don’t have much say over the location. After all, the building’s already there. You can’t just move it. When you build your own home, you can choose where to build. Find the perfect neighborhood or build on a larger plot of land. It’s up to you.
Do You Have a Handy Friend?
Okay, this benefit may not be for everyone. But handy friends can come in, well, handy when building your own home. You can save money by calling in favors from friends and family who have construction, electrician, or plumbing experience.
Ready-To-Go Inventory Home Benefits
This one may seem obvious, but you can’t overstate how great it is to find a beautiful home and move in right away. As soon as you close the sale, you can start packing up boxes and shipping them over.
One significant benefit of purchasing an inventory home is the cost savings. Since you’re not paying for contractors, materials, or labour, you’re already saving money. An inventory home is already built, so you don’t have to worry about construction going over budget. That’s a big win.
You Can Still Customize
Remember too that an inventory home isn’t necessarily going to be a generic, cookie-cutter house. Many inventory home buyers can add personalized touches, like hardware, appliances, wall colour, and fixtures. The benefit of a ready-to-go inventory home is that you don’t have to worry about all the details that come with building a house.
While this isn’t an exhaustive list of every benefit of both, it should give you an idea of what to expect. If you’re looking to completely customize the perfect home for you and your family, great! Opt to build that custom home. Think of how rewarding it’ll be to settle in by the fireplace at night or brew coffee in your sunny kitchen in the morning, in the home built just for you.
Maybe you’re looking to move right away and want to put your savings towards other expenses (a new furniture set or landscaping, perhaps?). Or maybe you’re not looking for the added stress of overseeing a 4-6 month construction project. Either way, go for a ready-to-move-in inventory home. You’ll be ready to move as soon as you close the sale without any of the added hassle.
Whatever you choose, there’s really no wrong answer. You’ll love your new home no matter what.