A house is more than just a dwelling. It is a place where your family grows and bonds together to create innumerable memories. It is an investment, a way to save for the future and to watch your capital grow. It makes sense to buy and own a house rather than pay rent. If you consider the amount of rent you pay over a lifetime you will find that if you own a house and pay a mortgage, you save a lot of money and also become the owner of property you can pass on to future generations or sell at a tidy profit. Should you buy a used house or should you build a new home is the question. There are pros and cons to each. However, a new home is definitely worth considering over buying an existing one. Here are the reasons why –
You can choose the location
It may not be possible to find an old house in the location of your choice. You can buy a plot of land in a location you like and think of building a new home entirely to your specifications.
Design of the new home
When you buy an existing house, you have to take it as it is and renovate or remodel. You could, of course, demolish the house and use the site to build an entirely new home from the ground up. In either case you have full control over the design, placement of rooms, siting of the house in the plot, size and all parameters.
Quality of construction
An old house will have several defects. There could be cracks in the walls, leaks in the roof, peeling paint and similar issues. When you build a new home you are in total control. You can decide whether your new house should be made of masonry-concrete or lumber or prefab or even steel. Your builder will also factor in “green” building technologies that will help save energy and keep the house cool in summer and warm in winter. The savings alone make it worth the effort. In addition, when you go for new construction and have a reputed builder by your side you have full confidence that quality materials and processes will go into the construction to make the building last.
You can always fix your budget and talk with the builder. He can come up with a clever design that will give you a house within your existing budget with provision to expand later on. You could decide on a lumber home, which might give you a larger space at a lower cost. If time is a constraint your builder could help you select the right prefab house. You could decide on a concrete-brick structure, starting with a ground floor for the present and then build the first floor later on. You can even decide on what goes inside such as the tiles, wall cladding, insulation, fixtures, light fittings and every tiny detail.
Peace of mind for years
A new house will give you peace of mind for years. You will not have problems of water ingress from the floor or walls, dripping ceilings or drainage problems. A well-built house should require minimum maintenance for at least five years, if not more.
When the design is right and the exteriors blend in with the landscape to create an overall beautiful aesthetic, your house increases in value. Should you decide to sell a couple of years later, you can always expect a profit.
Pride of ownership
Last but not the least, if you have invested time, energy, thought and money in the building of a new house, it is the realization of a dream and it gives you pride of ownership.
Hence to ensure a happy today and a safe tomorrow, its better to build your house rather than buying one!