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Choosing to Buy or Build: Important Considerations

Homeownership is a big deal that involves a lot of decision making. It’s an often coveted rite of passage into adulthood that you can’t wait to share with friends and family. You’ve increased your credit score, passed on that new car, and studied the home-buying process to prepare for your big purchase. You’ve budgeted and saved, looking forward to the moment of the big close when they hand over the keys to your new home. Now you just need to decide whether to buy a home or build one. There are potential advantages to both options. It’s important to consider all the variables when choosing which may better suit your lifestyle and your budget.

Choosing to Buy or Build Important Considerations

Potential Advantages of Existing Property Purchase

Purchasing an existing home can offer many attractive advantages for first-time homebuyers or those looking to make a seamless transition. One of the more appealing benefits of an existing home purchase is that they are often more affordable, potentially offering immediate savings and a lower monthly payment. You’ll get to see exactly what the home looks like, right down to the landscaping outside. Being able to visualize your family living in the home with your belongings in place can help simplify the decision-making process.

If community is important to you, an existing home in an established neighborhood also allows you to get to know your new neighbors and verify property values early on. Many times, you can also move in right after closing, eliminating the need to find short term housing and store your belongings. Partnering with an experienced real estate agent who knows the area well is the easiest way to start shopping for existing homes near San Antonio, Texas.

Potential Home Building Advantages

Building a new home offers the exciting opportunity to customize features and design space to your personal preference. You’ll likely work alongside a builder with a design team to choose a homesite and get things just like you want them. Aside from deciding on a floor plan and color scheme, you’ll also have a say in the landscape materials and their placement in your new yard. 

Another potential advantage is that newly constructed homes often incorporate the most current materials and processes, making them more energy-efficient. This can make newly built homes more environmentally friendly meaning potentially lower monthly utility costs for you. Another huge advantage of building a new home is that just about everything, including major appliances, will be under warranty upon closing. You should be able to anticipate less maintenance and virtually no repair bills in the immediate future.

Whether you decide to purchase an existing home or build a custom home, working with the right real estate agent can help streamline the process and make it a positive experience. When you’re ready to become a homeowner near the great city of the San Antonio, Texas, contact the experienced team at Dillingham & Toone to get started.