The decision whether or not to buy or build a home your own is something that each buyer must make. There are certainly advantages and disadvantages to each one. But how do you choose? In this article, we will be going over all the factors that you need to look at when it comes to determining whether to build your own home or to simply find a home on the market that will work for you.
Buy or Build a Home in Omaha?
There are a lot of choices out there, but even though the market may be wide open does not mean that you should eliminate building your own home. Let’s take a look at both of these options in detail.
You might have to choose between the two based upon price. There is no doubt that it is more expensive to build your own home than it is to buy one. However, the cost that you are incurring may not be as expensive as you think. You have to realize what went into your home originally depending upon how recently it was built. For example, if home construction prices have gone down, then building your home might be similar to what the original homebuilder paid when they first began contracting out your home. However, most of the time it will be the custom-built home with the most money required.
The customization that you get is definitely something worth considering. When you are able to design your dream home, it is worth paying a little extra for it. Whether you need a certain number of bathrooms, bedrooms that are located all on the second floor or any other customization that you can think of, this is the reason that people build their own homes in the first place. You might have a floor plan that you have been working on for years and is by all intents and purposes your dream home. Creating your own custom home can allow you to achieve those dreams.
You will also need to be concerned about resell value. If you decide to stay in your home for the rest of your life, that is perfectly fine, but if you decide at a later date that you want to sell, then you need to be concerned about resale value. Creating your own customized home will certainly up the price in the market as a opposed to a cookie-cutter floor-plan that everyone else has.
The bottom line is that there are several factors in mind when it comes to choosing between building your own home and buying one. Buying a home may be cheaper, but building one may have financial rewards that you may not have thought of including how it will affect resell value down the road. If you can afford it, building your home is certainly the better option, especially if you create a unique home that you can easily sell on the marketplace at some point in the future.
Graves Development Resources | Land Developer in Omaha, Nebraska
Graves Development Resources (GDR) has been designing and building the market’s finest neighborhoods since 2000, with over 5,000 home sites and important commercial development projects throughout Douglas and Sarpy Counties.
Our pages showcase current neighborhoods where new home buyers may select from hundreds of home sites. We are definitely “phone friendly” and welcome the opportunity to provide you all the information you need before making one of the most important decisions of your family’s future. Contact us for any questions.