Over the years, one questing every full grown well-to-do man will have to ask himself is whether to buy an already erected house or build a new one. A home, being a single largest investment one can make is very essential for a comfortable living. Have one of your own escapes you from the, at times, inhuman treatment of landlords. Sometimes they are justified in how the guard their hard-earned treasure and how they strive to make the most out of it. The difficulty in acquiring it started right at the point of deciding to have one.
Everybody knows how expensive it is to buy or build a house but only a few know where the difference lies between the two. Each has its own benefit and drawback thus making the situation of things around you the factor on which you should base your decision on.
Buying a house, in as much as it is rightly considered a better option is not as easy as it sounds. People dabble into it not knowing that there can be more to it than they know. Below is an outline of the pros and cons of buying compared to building a new house.
Once their is an approval from your lender or Bank for that loan, or you have a weighty account with your bank, all you need do is make an offer for any of the numerous houses for sale. If your offer is accepted, you can welcome visitors to your new home in less than a month.
One thing you might not have the liberty to change the location of that land on which you plan to build you house because the area is prone to flood but while buying a house, you make the choice of location.
Unlike when you are building a house from scratch, you do not have to be bothered with lots of quotations from different contractor or be lectured on the cost of getting every single aspect of the building done. You just have to provide the cash, get the necessary documents for the building with the help of a legal adviser and arrange for a removal company right away.
Everybody willing to spend money on something surely has a quality and quantity in mind. With buying a new house you have a limited chance of getting exactly that type and size of house which you heart desires. You might also wish that there was an extra room at the rear end of the ground floor to accommodate your cook or would have preferred white coloured tiles for the sitting room. You may also require some redecorating before moving but with a good plan you will have a plenty of time to have it sorted before your removals begin.
Buying a house can put you on the risk of having to think of a new home very soon. Landlords are known to mask the old age of their houses with patches and paints when it is time to sell.
Building a new house does not offer the same convenience as buying an existing house. Not only will you have to find a perfect site for it, you will also have to factor time to find a qualified architect and engineer who will first discourage you with their outrageous charges. You will also need to worry about things like access to the municipal water, sewage, environmental permits and so on.
All your architect and engineer need to design and erect a cave for you is a nod. Building you own house accords you the freedom to fashion your house to your exact taste and style. You are to decide whether to make the wiring Condit, whether the roofing will be the Chinese style or just aluminium, whether it will bear ceilings or asbestos, etc.
A new house will certainly have little or no problem at least for the first ten to fifteen years if built by a good engineer and with the right materials. You will not need to prepare for a re-painting for at least five to seven years depending on the climate. You can also be sure that your water supply network will not act up soon once you hired a good plumber. Only a change of taste can make you spend on it within a short while.
For you buy an already existing house, you must have applied for a loan or emptied your bank account. This is not always the case when it comes to building yours yourself. This can be a gradual process depending on the state of your finances. You do not have to provide the whole money at once as houses are built in years.
This is arguably the biggest disadvantage in building a house yourself. The inflated cost of materials and labour can make you spend an extra 30% of buying cost.
It takes a lot of time to design and build a house at a reasonable price. Every stage has to take its own time before another commences if the house is to be strong and up to standard.
As a project that is funded by a life savings, building a house need maximum attention especially from the owner. This will require a lot of stressful processes which when buying is an issue already taken care of.
If a home that best suit your taste and needs is what you want, you might want to go for building your house yourself. Conversely, you might end up deciding to shop for an existing one due to factors best known to you. Another option is also renting a house, but again is it better to buy or rent a house? In either case, working with an experienced professional in the real estate world or a general contractor is key to making it a good life investment. No matter what scenario you choose, you'll definitely need a good removals company to help you with upcoming relocation. Here we can help you a bit with this process. With our services you can minimize stress of moving, as we offer services called removals compare - it's a one simple form that you need to fill in with your moving needs which allows you to received moving quotes from local removal companies in Manchester or local man with van Leeds service providers.
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