Thursday, 5 June 2014

Should You Build or Buy a House?

Buying vs. building a house has been an ongoing debate for many, many years. While both of these options come with advantages, they also come with their fair share of disadvantages. What exactly those disadvantages entail tend to depend on a few factors, among them whether or not you are financially able to take on the burden of building a house.

If both of these ideas sound enticing to you but you still fail to make up your mind, we hope that this article will help make the decision slightly easier for you. Regardless of which way you choose to go, we would also like to remind that you that a Red Deer home insurance policy is always a must.

So with that being said, what exactly are the pros and cons of buying a house? For one, the entire process of buying a house can't be compared to the process of building a house from scratch at all. The former is simpler, easier, and of course less expensive. It is also good to note that the process of buying a house is far quicker. Generally, you can expect to move in your new home within a month of purchase, or less.

However, it is not to say that buying a house comes with no disadvantages. Because buying a house does not allow for much freedom, many people decide to spend both time and money on renovations. With time, the latter can prove to be very costly. Building a house from scratch, on the other hand, allows you to customize everything. From the neighbourhood you choose to live in to the kitchen cabinets, you have a say in everything.

The process of building a house can, however, be very painful, long, and complicated. Consider the meetings, the costs and of course the trust that must exist between your family and your builders. Building a home is a huge burden, both financially and emotionally, but it has the potential to be incredibly rewarding down the road. But then again, so does buying a house.

So which path will you take?

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