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To Build Or Not To Build: That Is The Question

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Searching for your new home can be a daunting and frustrating task. After all, you want to find the home that suits all of your needs, from size to number of rooms, amenities, design, and everything in between. And you can't forget the importance of location. Finding the right home in the right neighborhood can be a challenge to say the least. However, when searching for a home there may be one option you are overlooking. New home construction is always a viable option if you have the resources and the know-how. To decide if building, rather than buying a home is right for you, consider these important factors in your final decision-making process. 

The Right Location at the Right Price

When you are considering new home construction over purchasing a home that has already been built, your first consideration is location. Can you find a plot of land that is zoned for residential use in the area in which you want to live? 

The best way to find out is to contact a realty service. While realty companies specialize in selling buildings for the most part, they will also be able to advise you on the availability of land plots for building. So get in touch with your realtor, and tell them you are interested in building. You will be touring plots of land in no time.

Is It Worth the Time and Cost?

Constructing your own new home from scratch is a much larger undertaking than purchasing a home that has already been built. Not only will you be purchasing land, but you will also have to pay a contractor and architect, pay for supplies, and the like.

Additionally, if your new plot of land is not already a part of your town's power and water grid, you will need to pay to have those lines installed as well. Building a new home can take several years to complete from the moment you purchase the land until the day you can move into your new home as well. If you are in a hurry to move for any reason, new home construction may not be the best option for you at this time. 

Could You Purchase and Remodel?

If you are still on the fence about building a new home, consider this final factor. Have you seen a home that is already built that almost meets all of your needs? For example, your potential home is in the right location, has the right number of bedrooms, but needs a new bathroom and some kitchen upgrades.

Would it be feasible to purchase the house in question and do some remodeling or to put in an addition? This may be cheaper, quicker, and easier than building a whole new home from scratch.

If you keep these important factors in mind, the decision whether to build or not to build will be quick and easy. All you need to do is consider all of your options and get to looking. Talk to your local realtor, such as The Gresham Group, for more ideas.