When it comes to buying a house, there are many options available to us: buying a house or building it from scratch? What is the cost of both options? Undoubtedly, sometimes it is not easy to make this decision, especially if we take into account the importance of it and the outlay of money that one or the other will entail.
In any case, both options have advantages and disadvantages, so the decision will depend on the needs and desires of each individual.
Building a house from scratch: advantages and disadvantages
Building a house from scratch has many advantages, but perhaps the most important is that, when built, the house will be exactly as the owner wants it to be. In addition, the homeowner will be able to verify and monitor the entire construction process and plan it as he or she sees fit. Also, building the house from scratch allows the choice of materials used or the introduction of new trends and technologies.
However, although building a house from scratch will satisfy all the wishes and tastes of the owner, it also has certain disadvantages that must be taken into account. Building a house from scratch is a slow and costly process, so you will need to have a large budget and patience, as building a house usually takes between 6 and 12 months.
Buying a house: advantages and disadvantages
Many people, unable to afford the cost of building a house, prefer to buy a house that has already been built from the many available on the property market. This option has many advantages, although there are also some disadvantages.
Among the most important advantages is that buying a house allows the buyer to move in immediately, so they do not have to wait for months to enjoy the house. Also, the cost of buying a house that has already been built is significantly lower than the cost of building a house from scratch. However, it is important to buy a house that is no more than 15 years old. On the other hand, buying a house is a much more convenient process, especially if we have the services of a real estate agency, as these agencies will take care of the whole process of buying and selling the property so that the buyer only has to pay the price negotiated with the seller of the house.
As for the disadvantages, buying a property that has already been built usually means having to invest money in certain works or renovations. In addition, the buyer will not be able to choose the materials, nor will the house purchased expressly meet his or her tastes and needs. It is also advisable to check the quality of the construction to avoid hidden defects that cannot be detected at first sight.
Thus, if you consider how much it costs to build a house, it may be best to opt for the purchase of a house that has already been built.