Home buying is a serious consideration and one that is not entered into lightly. There are many options is location, design, decor, and more. However, there are four key home buying options you should also consider.
If you’re hoping to move house or buy your first home, you may be torn between buying something old or investing in a brand new property. Like most things in life, there are pros and cons to consider. If you’re not sure which path to follow, hopefully, this guide will help you to make a decision.
Home Buying : Brand spanking new
Are you interested in buying a brand new house that nobody has ever lived in before? If so, there are lots of advantages on offer.
PRO’s : There’s scope to make changes before you move in by working with companies like Enso homes builders and getting involved in the design process. If everything is new, there’s a very low risk of problems like structural damage or roofing issues, and it’s easy to get your head around the finances. You pay the asking price, and you shouldn’t have to factor in any additional costs apart from those you’ll incur if you decide to do some redecorating.
CON’s: The downside with new builds is that they can lack character, which is a prerequisite for some buyers.
Home Buying : It’s almost nearly brand new
PRO’s: If you buy a nearly new property, you don’t quite get the sparkle of a brand new home, but the price may be slightly lower. The house should be in very good condition, and you shouldn’t have to spend a lot of money to turn it into a home you love. New homes tend to be a low-maintenance option, and they’re often geared towards modern families so you may find them a more practical option.
CON’s: Although almost new, the home has been lived in so there may be hidden issues with regards how the previous owners treated the property. You may also be disinclined to renovate, even if you want to, given the newness of the home.
Home Buying : Building your dream
PRO’s: If you want a new home and you want it to be unique, then building your dream home is an alternative to buying. With this option, you purchase a plot of land and add the cost of the build. It’s essential that you get an accurate estimate of the all the costs involved before you make a decision. Building from scratch can make financial sense and you can choose everything from the bricks to the tapware.
CON’s: Having to choose everything from the bricks to the tapware may also be a negative unless you seek professional help or are a whiz bang designer yourself. There is a risk of going over budget or running behind schedule. Make sure you consult experts, such as building firms and architects, before you take the plunge.
Home Buying : Vintage and Retro
PRO’s: If you’re a fan of traditional features and old-fashioned charm, you may prefer something old to something new. Traditionally, older homes tend to be less uniform in appearance, and they often occupy larger plots. The condition of the house may not be pristine, but renovation work gives you the chance to put your stamp on the design, and also to add value.
CON’s: Before you buy an old home, make sure you know how much you’ll need to spend to get it up to scratch. If you have to do a tonne of work, it may not be worth your while.
When you’re buying a house, it can be tough to decide what kind of property you want. Unless you’re adamant that you want something old or a new home, it’s wise to consider all your home buying options. You may be surprised at the decision you make after you’ve weighed up all the pros and cons.