There comes a moment in life when the following dilemma arises: choosing between a brand new house or a second-hand one. Faced with this choice, a third variable comes up: looking for a development that suits what you are looking for or taking the plunge and building your own house.
The time and work associated with the effort of undertaking this type of project has led many specialists, architects, real estate agents and investors, to write about the advantages and disadvantages of buying or building your own home.
When it comes to this question, in the specific case of single-family homes, the answer is clear. Becoming a self-promoter is the best solution to have a house adapted to your needs and those of your family, trying to optimise time and investment.
It is clear that second-hand homes are already built and, therefore, you can move in at any time. But, now, is this the house of your dreams? Does it fully meet your tastes, needs, dreams…? The answer quite obviously is that it DOESN`T. This brings us to the main disadvantage of buying instead of building and that is that, in order to adapt the house to your needs, it is necessary to carry out works that, on the one hand, increase the final cost of your own investment and, on the other hand, the time before you could be enjoying your new home. Once again, time and investment are at the heart of the decision to build or buy a home.
Assuming the argument that building your own home, always in the hands of professionals with proven technical skill such as personalHOME, is the best way to live in the home of your dreams.
Let’s review the main advantages of choosing to become the developer of your future home:
Design and customisation
A property adapted to your needs and lifestyle, made for you and your family. From the location and the land where to build, to the distribution and materials, defining the type of exteriors, porch, garden, swimming pool… Each one of us knows what we need and with the right advice that guides us by the legislation and the present technical conditions, beyond the legal obligations, we can find the balance between dream and reality.
Also, we attend not only to current needs but also to future ones.
Optimisation of the investment
Different studies establish that the construction of a new residence costs on average between 15 and 20% less compared to a house of the same characteristics on sale in the real estate market. Furthermore, when faced with the hackneyed question “How much does it cost to build a home?“, it is important to bear in mind that when you become a developer of your own property you know what you are willing to invest.
We always have that magic number in our heads that we should not deviate from. Therefore, you must remember that the cost of a house includes the price of construction and there are a series of expenses associated with the entire construction process that you must take into account, as we explained in our post “How Much Does It Cost To Build a Single-family Home?”
Establish this fixed price and seek the advice and management of specialists such as personalHOME who offer the “turnkey” service.
Time: present and future
The time variable is another aspect to consider as an advantage of building your own home. It is not an absolute property, but it is relative given that, in the case of opting to buy a house already built, the objective of living in the house of your dreams is not achieved and it affects the concept of investment in the future. In many cases, an already built house involves short term reforms, which adds up to this absolute time variable, whereas when you choose to build your own house, you know that the whole construction process takes between 10 and 14 months, depending on the design, the land, the location, etc.
