Anyone who is on the market for a new home has asked themselves this question. Should I buy an existing home or build my own home? This can be a tricky question to answer and each individual will have a different point of view. Let’s take a look at the pros and cons for each option in relation to Value.
Pros to Building a New Home
- Everything is New
- Custom Design
- Utility Savings
Cons to Building a New Home
- Double Payments
- Building Costs
Pros to Buying an Existing Home
- Cost Approach
Cons to Buying an Existing Home
- Repair Costs
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