Should You Build or Buy Your First Home: Here’s How to Decide

Should You Build or Buy Your First Home: Here’s How to Decide

Most homebuyers take the time to list out what they need and want in a home. Depending on how important these needs and wants are, the first step to homeownership is deciding whether to build a new home or buy an existing home. Take a look at some of the advantages to each option and start thinking about the best way to realize your homebuyer goal.

Building a Home

Building your first home from the ground up is an excellent choice if you want to call the shots. Homebuyers can join a new development and buy a customizable quick move-in home, or buy a piece of land. Customizing your home to fit your lifestyle is the main reason homebuyers opt to build their first home. Everything from the floorplan, hardware, light fixtures, and energy-efficiency can be customized to your liking. The time frame for building a new home depends on your builder.

New-home builders offer home warranties to protect buyers from costly repairs. Another main reason home buyers opt to build their first home is to avoid renovations or unanticipated repairs. When you purchase an older home and find out there are structural or mechanical issues that need repairing, the financial responsibility is strictly on you.

Finding the ideal piece of land to build a new home on is easy with the unmatched mapped software and detailed listings of acrebin. The online company helps regular people buy and sell land regardless of working with a realtor.
Buyers can search for available land listings by state or county, price point, and acreage. Sellers can effectively advertise their land for free and quickly connect with interested buyers. Let AcreBin help you find the perfect piece of land so you can start building the new home of your dreams.


Buying a Home

Buying your first home is a good choice if you are concerned about convenience and cost. As a potential home buyer once you have received pre-approval for a mortgage you can start working with a qualified real estate agent accredited by the National Association of Realtors and make an offer as soon as you find a home. A real estate agent can streamline the entire process including negotiations and inspections so that you can get into a move-in ready home sooner than later. Buyers working with a tight schedule often opt for a move-in ready home.

Sometimes home buyers opt for a move-in ready home because they want to live in an established neighborhood or they want a specific neighborhood for its school system or proximity to work. In some cases, it can be cheaper to buy an existing home depending on your target real estate market. It could happen that a new construction home goes over schedule and result in additional costs.

Working with the right buyer’s agent, also known as a buyer’s broker, takes the complexity out of real estate transactions. The right buyer’s agent is an expert in real estate, able to find the best property to suit the buyer’s interests, and handles the negotiation process to arrive at an accepted offer that best suits the buyer.

The real estate agents within The Illinois Exclusive Buyer’s Agent Organization network are top tier buyer agents who offer their professional services to prospective home buyers. Some agents within the ILEBA are dual agents, meaning they are both a buyer agent and a seller agent. The first step in choosing an Exclusive Buyer Agent is to perform your due diligence as a buyer client to ensure the listing agent’s experience fits your best interests.

Deciding to buy an existing home or build a new home as a first-time homeowner depends on what matters most to you.