Build or Buy? Making the Right Decision
It's more than deciding on the right carpet-tile combination. Before you hire a builder or sign on a dotted line, read these tips to make sure you're getting the best house for your buck.Upgrading to a new home? You can buy a brand-new home in one of three ways: buying a house already built on spec; having a semicustom home built as part of a development (you can choose from a set palette of finishes and upgrades); or having a purely custom home designed and built to your specifications.
But don’t get so caught up in the sparkling new paint and granite countertops that you forget to make a good deal!
Evaluate the Pros and Cons of a New Home
- New homes are typically far from the city center; will you mind the commute?
- Are you willing to coax a new lawn into existence, and can you wait 20 years for sapling trees to mature?
- Will the cookie-cutter nature of new subdivisions drive you bonkers?
- New houses tend to be built right on top of each other. Do you mind the closeness and potential lack of privacy?