Home buying is an exciting process as buyers search for the place where they want to live and possibly raise a family. When someone decides they want a home that is uniquely their own, the next step is deciding if they want to build a new construction home or if they want to overhaul a fixer-upper.
Taking on the Fixer-Upper
Renovating a fixer-upper is not for the faint of heart. It can be an arduous process with many bumps in the road as buyers uncover things in the house they were not expecting, such as issues with the foundation, plumbing or electrical wiring. However, the rewards of overhauling a house in distress are also great because the homebuyer gets to create something that is uniquely theirs as they customize it to their exact tastes. If there is an established neighborhood that an individual wants to live in where land and newly built homes are not an option, a fixer-upper can provide them with the chance to live in that area at a lower price. Those who decide to undergo the home remodel process with their fixer-upper can enjoy some of the custom features of older homes, while still enjoying modern upgrades such as updated appliances and an open concept floor plan.
Opting for A Newly Built Home
When it comes to new construction, one hurdle buyers may face is purchasing land. In some situations, home builders also own land that they will sell to the buyer. Buyers may also have fewer customization options with a new home; however, this varies widely, depending on the builder. Some custom builders offer endless options for allowing buyers to tailor their new home to their personal tastes. Some builders already have pre-set plans, but many builders allow the buyer to furnish their own floorplan as well. In this case it is helpful for the buyer to look at lots of pictures of newly built homes to determine what is most important to them in their new house. Newly built homes offer buyers the opportunity to create a custom home that employs all of the modern conveniences available, such as energy efficiency and eco-friendly materials.
Deciding whether to tackle a fixer-upper or start from scratch with new construction is not an easy choice, but by understanding the pros and cons of each option, buyers can select the one that best suits their needs when it comes to time, budget, and personal tastes.