Congratulations on your decision to become a homeowner. Whether this is your first go-round or your tenth, there are likely to be questions along the way.
Any Orlando property search may give you the chance to see what amenities are available in a particular price range. The primary question that you should think about is whether this is going to be your forever home or not.
If you plan to move out at some point, then purchasing or renting an existing home might be the best way to go. We give you some benefits of both of these methods to consider below.
Is It Cheaper Buying A House or More Expensive Than Building One?
If you are looking to buy a house or build one in the central Florida area, then you may be surprised to find out that building a new home can be higher or just about the same as buying an existing home or new construction home.
There are other costs to consider with each option. Existing homes have landscaping that likely includes large trees with established root systems. With a new home, you will have the added cost of adding plants the property.
On the other side, an existing property is less energy-efficient and cost more to maintain. Some properties have hidden costs with the homeowner association fees to think about too.
New Property For Sale Has Less Maintenance Than An Existing House
When everything is brand new, and you have the quality you know and trust, then the peace of mind of a new build is worth every dollar. If you are the person that can find peace with a gem in the rough and make it your own, then an existing home might be a fun project.
When you are the type that wants it ready to move in and modern conveniences everywhere, then a new build might fit your style better. It all depends on who you are, and how much work you want to do.
You May Not Have The Time To Wait When You Have A Family
When you have school-age children, building a house is not something for the faint of heart. This process takes many months with constant design and budget meetings.
If you want your kids to go to a particular school, then you may need to reside in the city limits for them to attend. The same goes for those individuals looking for a real estate listing near aging parents.
Is Energy Efficiency Important To You?
Being a new home buyer will save you money on your utilities. Because everything is new, the house runs efficiently. As the systems age, your costs will increase, but this can take 15 to 20 years before you incur large expenses. You can figure in recyclable materials should you build your home.
If you have the time for a new build, and you plan to stay in your home for the rest of your life, then this might be the best way to get the custom features you want. Buying a home is often the more risky choice, but some dreamers take the plunge with a new build when the time is right.