The Pros And Cons Of Building A Home | Holiday Builders
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Is Building a home right for you? We look at the pros and cons of building. 
 

Pros of Building

PROS

Selecting a floorplan: Having a variety of floorplans to choose from allows you the ability to build what you need. Your considerations for the right plan will involve how many people are going to living in the home and how you use your home. Do you need a home office? Do you have children? Do you have extended family that needs space? 

Personalization: When you build a new home with Holiday Builders, you have the ability to personalize your new home with design and even structural options. For example, you can select the style and color of your flooring, cabinetry, and countertops, or include a gourmet kitchen or a formal living room instead of a fourth bedroom. 

No Negotiation: When homebuilders set a price for a home, that's the price. In the resale home market, buyers can negotiate by offering less than the asking price. In this particular market, however, many buyers are paying more than the asking price thanks to very low inventory and bidding wars on available homes. 

Lower maintenance: New homes are built to meet certain standards and include up-to-date technology. That means you don't have to worry about making repairs or doing any heavy maintenance on your home for quite a while. 

First owner: Your new home has never been lived in. Furthermore, you can enjoy a sense of pride in knowing you had a hand in designing it. 

Lower insurance costs: New homes cost less to insure because the insurance company has less liability or less chance of something going wrong with a new home versus a resale home. 

New communities: In many cases, your new home may be located in a new community which puts you on a level playing field with other newcomers to the neighborhood.

Cons of Building

CONS:

Wait time: Building a new home takes time. If your need for a new home is immediate, building a home may not be your best option. 

Stress:  Some people find the building process worrisome. Holiday Builders works closely with homebuyers to keep them informed of the progress of their home build. Having a home built requires a combination of faith and vision. It's not like buying a resale home where you've walked through it. With new home construction, you may have been in a model of the floorplan you've chosen, but in some cases not.

No Negotiation: With a resale home, you can negotiate on the price. With new construction homes, the price is the price. We've listed "no negotiation" as both a pro and a con. In this particular market a set price is a PRO.

Decisions: When you build a new home, you'll choose a homesite, a floorplan, and design options. Some people worry about making these big decisions.

Building New or Buying New

If you are in the market to buy a home but determine that building is not right for you, you may still elect to buy a new home. Purchasing a move-in-ready, new construction home provides buyers with all the benefits of new construction without waiting for the home to be built. In today's market, move-in ready homes sell very quickly due to the low inventory of available homes in both the new and resale market.