Buying a home is one of the most exciting experiences of adulthood â€“ and itâ€™s also one of the most stressful. As well as being the biggest financial outlay of your life, itâ€™s where youâ€™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 â€“ custom building your own home. Here, we explore some of the benefits and drawbacks of this option.
It can take a while for a regular sale to go through, between the bidding process, negotiations and the legal process â€“ but once all thatâ€™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, youâ€™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 youâ€™re on track.
Creativity and freedom
If youâ€™re walking into a ready-made home, your options for changing around the layout of the house are fairly limited â€“ so make sure youâ€™re happy with it as it is, and you can put your own stamp on it when youâ€™re decorating.
With a custom build, you have much more freedom and the opportunity to really create the space you want; if youâ€™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.
Itâ€™s possible to make your dreams come true, with a house designed just for you.
Is it cheaper to build or buy? That depends on many factors, not least the area you want to live in. Generally, though, itâ€™s considered cheaper to build your own home rather than buying, and this is especially true if youâ€™re considering building on family land and donâ€™t have to buy a site.
Youâ€™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 youâ€™re building from scratch you need to think about a lot more â€“ the cost of materials, transport, labour, and so on. Delays can happen and they can add to the cost â€“ 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 â€“ donâ€™t rush the decision â€“ your perfect home is waiting for you in the very near future.