Housing Ideas

Building Your Own Home Vs Buying One

If you’re desperate to own your a house, you have two options; building one or buying one. You can either look at homes in your desired area and choose one you like from there, or you can start completely from scratch and build the home of your dreams (although this will usually be an expensive dream to say the least). The two paths are very different, with different benefits that you should consider.

build-vs-buy-homeImage Source (Flickr)

Pros and Cons of Buying a Home

There are two main advantages of buying a home; it’s convenient, and cheaper than building your own from scratch. If you make an offer on a house you like and it gets accepted, you’ll usually be in your new house in a month/month and a half of buying and closing the deal. Buying a house can be as simple as finding an estate agent, contacting the owner of a property and offering them a price. An established neighborhood’s landscaping is usually complete, whereas you might even have to spend more money to sort out the garden when building a home. Older buildings will likely use superior material when compared to newer homes, as developers often want to get things done at the lowest price. However, there are other things to consider when buying a home.

Any already built home you choose is unlikely to be “perfect” for you. No home is going to be exactly what you were dreaming of, unless you build it. For example, you might have to think of a way around an awkward floor plan, or you might have to perform some maintenance and renovations on an older house just to make it liveable. Any renovations you make can quickly make a huge dent in your wallet. Plus, if you’re the “save the planet” type, older homes can be much less energy efficient.

Pros and Cons of Building a Home

You shouldn’t rule out building your own home straight away, as building a home has actually never been easier. There are a number of 2 storey home builders out there that will be able to cater to your needs perfectly. If you choose to build your own home, things will be exactly how you want them and fit in perfectly with your lifestyle. In the long run, it offers great sentimental values too. The way your house looks both structurally, and in design, is totally your call. The house you build will more than likely be “your baby” and once it’s completed you’ll feel proud. Everything will be new, up to date, modern, and even eco-friendly if you want it to be. However, there are a few things that can get in the way.

Most people that have built their own home will likely have stories about the project costing more than they hoped or taking longer than they thought. There could be problems with getting the perfect materials, the weather could get in the way; there are a number of things that could cause delays on your dream home. Builders will normally give you a 6-7 month time frame in which they plan to build your house, but it’s wise to add a few more months before you want to move in to be sure your house is ready.

Building or Buying is a hard choice, as both have their fair share of advantages and disadvantages. There isn’t an answer for everyone; you just need to weigh up the pros and cons carefully and decide what’s right for you (although it’ll never be easy). Good luck!



Shane is a professional interior designer. Here he share his experience and also discussion.

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