buying your first home - what you should know

Deciding Between Having a House Built & Buying an Existing Single-Family Home

If you are in the market to buy a residential property for sale and you can't decide on whether you want to have your own home built or you want to buy an already existing one, then you want to learn about some of the positive things each can offer. This way, you can match those positive factors up with what means the most to you in a home and come to a decision.

The positive aspects of having a home built

Have the home built to your own specifications. When you have a home built, you will be able to have the home built to your specifications. Not only will you be able to choose the floor plan that gives you your dream home with regards to the layout, square footage and number of rooms, but you will also be able to pick your own colors, materials and extra amenities.

You can have the home situated where you want. Once you buy the land and you can select the spot on that piece of property that you feel is just right for your home. While you may have some restrictions, such as not placing it right in a flood zone, you may have a lot of choices on a large piece of land.

You can have your home built according to your needs. When you choose to have a home built on your own land, you can slow down the process or speed it up as much as possible. This can be helpful if you are looking to pay according to a certain schedule.

The positive aspects of buying an existing single-family home

You can buy the home and move right in at the close of escrow. If you buy an already existing house, you can move right in as soon as escrow closes. If you are looking for a place to live in as soon as possible, then this may be your best option. Having a home built will take some time and you should always keep in mind that there may be hang-ups along the way with things coming up like not being able to get some materials on time, weather conditions delaying things and more.

You can enjoy living in a house with history. While some people love being the first to live in a house, there are other people who like the idea of living in a place that has history to it. If you are the type that likes living in a home with history, then an already existing home will more than likely be the right fit for you.