Hey girl, good job. You’ve worked hard and you’ve worked smart to earn enough money to buy your very first house. Many people work their lives in order to be able to settle down in a permanent residence that they can call their own. And that’s true, because a house is one of, if not the biggest investment you’re going to be making in your adult life.
And much like all investments, you’re going to want to make sure that it doesn’t turn out to be a waste of time and money. And there are many things that could go wrong. It’s going to have to be a well-thought out decision. It’s easy to get lost in the plethora of things you need to consider where you’re going to invest your money in.
So, generally, there are two ways through which you can acquire a house. Either you buy a pre-built one or you have one built for you instead. So, how should you proceed? Well, you simply have to consider these factors and to decide from thereon which option is better for you. These factors are:
As previously stated, a house is a big investment. Because of this, things can get pretty tricky when it comes to money matters. An alteration in your expenses can mean the difference between having your own house and having an unfinished project.
The cost of pre-built homes is going to be much easier to gauge because all you really have to pay for are the selling price and the processing and professional fees. On the other hand, if you do decide to get your own house built, every process, from design to the actual construction is going to cost money. The danger occurs when your project runs into unforeseen events such as natural calamities and accidents, which can lengthen the time it takes for your project to come to fruition. And well, the longer it takes to build a house, the higher the costs go.
Risk and History
Much like if you were to buy a used car, a pre-built house is going to come with a few issues depending on how old the house is since it was newly built. There are a whole range of issues that can plague a pre-built house. These issues can come in the form of structural, foundational, and even emotional defects. The former two are repairable, but will naturally cost money to fix.
In contrast, if you do decide to have your house built brand new, you’re going to have the peace of mind that everything in your house is going to work as it is intended to and in the rare occasion that things are found to be faulty, they’re most likely going to be under warranty, which means that you’re going to get them fixed or repaired for free.
Another advantage that newly-built houses have over pre-built houses is that they often come equipped with the latest in technology. And no, this doesn’t only apply to the appliances and fixtures in the house, but it also applies to the techniques used in the construction of your house. Newer houses are more likely to come with energy-saving features, as well as updated security measures that old houses simply aren’t compatible with.