Should you build or buy your next house?

build or buy

Buying a home is one of the most exciting experiences of adulthood – and it’s also one of the most stressful. As well as being the biggest financial outlay of your life, it’s where you’re going to spend the rest of your days, where your children will grow up and quite possibly where you will grow old.

No wonder house-hunting can be such a long and arduous process!

There is another solution to deciding the houses that are on the market – custom building your own home. Here, we explore some of the benefits and drawbacks of this option.

Time

It can take a while for a regular sale to go through, between the bidding process, negotiations and the legal process – but once all that’s done they keys are yours and you can start furnishing and moving in straight away.

With a custom build, once you secure your financing, you’ve still got a long way to go and a lot of decisions to make. Be sure to talk to your contractor about timelines and check in regularly to make sure you’re on track.

Creativity and freedom

If you’re walking into a ready-made home, your options for changing around the layout of the house are fairly limited – so make sure you’re happy with it as it is, and you can put your own stamp on it when you’re decorating.

With a custom build, you have much more freedom and the opportunity to really create the space you want; if you’re a foodie you can opt for a larger kitchen, fashion fiends can design their dream walk-in wardrobe, lovers of a lie-in can find the perfect mattress and create the comfy bedroom of their dreams, and sun-worshippers can make sure they have plenty of light coming in through east-facing windows.

It’s possible to make your dreams come true, with a house designed just for you.

Budget

Is it cheaper to build or buy? That depends on many factors, not least the area you want to live in. Generally, though, it’s considered cheaper to build your own home rather than buying, and this is especially true if you’re considering building on family land and don’t have to buy a site.

You’ll need to work closely with a company like FC Developments who will help you to understand the potential costs of building, and the potential opportunities and challenges that come with it.

With a turn-key home, all you need to do is furnish and decorate which makes life really easy, and fairly straightforward to budget for; when you’re building from scratch you need to think about a lot more – the cost of materials, transport, labour, and so on. Delays can happen and they can add to the cost – so be sure to have a cushion in case you go over budget.

When it comes to buying or building your home, the time involved, money and creative freedom are likely to be your biggest considerations – don’t rush the decision – your perfect home is waiting for you in the very near future.

Other articles from mtltimes.catotimes.caotttimes.ca

How UBER changed my life! – Rebecca Perez

Facebook
Twitter
LinkedIn
Email
Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


staycation

The ultimate guide to planning a long family staycation in Canada

To guarantee that everyone has an amazing time, careful planning is necessary when organizing a lengthy staycation. Here’s the ultimate guide to planning your family staycation in Canada. Canada, with its vast landscapes, diverse cities, and rich cultural heritage, offers endless possibilities for a memorable family staycation. Whether you’re exploring the stunning natural beauty of

Meal kits

Cost vs. Convenience: Analyzing meal kits and traditional cooking

In this modern world and modern times, convenience often takes priority over cost, especially when it comes to food. Meal kits and traditional cooking represent two different approaches to home dining, and each of them has advantages and disadvantages. Analyzing these methods through the lens of cost and convenience provides insight into why individuals might

Condo renovations

Condo renovations Dos and Don’ts: Expert Tips for a Successful Project

Embarking on a condo renovations journey can be both exhilarating and daunting. Imagine transforming your living space into a stylish haven that reflects your personality and meets your needs. While exciting, the process can be full of challenges and unforeseen hiccups. That’s why we’ve gathered some condo renovation dos and don’ts from the experts to

Terrific Hair

Terrific Hair Means Tamanu – Earth to Body

Curly, straight, thick, thin, kinky or silky, tamanu loves and makes terrific Hair.  And scalps. Nutritionally dense yet gentle, tamanu is an effective and versatile nut oil. It stimulates, helps promote growth. prevents hair loss, reduces scalp itch and irritations and adds a natural sheen! Make tamanu a part of your hair and scalp care

Understanding the 4 legal process after a DUI Crash

A single mistake can have serious consequences, especially when driving under the influence. The aftermath of a DUI crash extends beyond physical harm and property damage. It involves a complex legal process that may feel overwhelming. As a responsible citizen, it’s vital to grasp the legal system and your rights in such situations. This blog

personal injury lawyer

Pedestrian accident: How a personal injury lawyer can help you

Accidents involving pedestrians can be life-altering. You could be walking down the street or crossing a street. A vehicle’s sudden impact can change everything right away. If you’ve found yourself in such a situation, you might be wondering how to move forward. This is where a personal injury lawyer steps in, offering crucial help and

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox