Investing in a house is one of the largest investment you’ll make in your lifetime. Buyers research the perfect location, price, marketing trends, taxes, hire reliable Myrtle Beach builders, and a lot more when looking for the perfect house to fulfill their personal needs and wants. Among the first decisions you’ll come across during the process is to choose between an existing house or build a custom home from the ground up.
Is it more affordable to purchase a house or build a new custom home Myrtle Beach? What will the cost be to build a custom home in your area? Although all these are valid questions to consider when looking for a home, there are pros and cons to both sides. It’s crucial to assess your current lifestyle as well as the goals that your future house will help you achieve.
Myrtle Beach Builders: Buy A House or Build A Custom Home
Although the process of buying a house is shorter than building a custom home, the latter offers you limitless customization options. How will you know which option is best for you? Here are a few things you need to know.
Buying an Existing Home
Although there are many benefits to purchasing a used home, it all comes down to the cost and convenience. When you know what you’re budget is and how much you’ll get approved for your mortgage loan, you’ll have more flexibility to shop and find different houses until you give an offer. Although there are many steps between financing the property, inspecting the house, and closing, it is possible for you to close and move into your house within just 45 days. The fast turn time is significant for those who want to relocate in a short span of time.
Aside from that, when you buy an existing house, you may have better options for living in your preferred location and the process will involve a faster move-in, but could come with unexpected repair costs. And, if you want to remodel an existing house so it’ll show your personality, then you’d have to be prepared to pay for thousands of dollars.
Building A Home
Several homebuyers feel like they can’t afford to build a custom home. But it’s still a great option even if you are looking to have a customized house while staying on budget. Although the cost to build a home differs greatly, it depends on factors like the land, location, customizations, as well as the excavation costs.
If you build a new house, you will hire a home builders in Myrtle Beach SC whose specialty is in designing a place that will match your existing lifestyle and where you see yourself down the road. Do you want five bedrooms, an open kitchen, and a patio? No problem.
New custom homes have less health concerns and can be energy efficient. New home builders myrtle beach SC can build them using sustainable materials, However, if you’re looking to move quickly to your new home, then a custom home Myrtle Beach isn’t a good option. Building one will take about 6.5 months. Plus, you need to consider several factors that you need to include on your expenses such as the driveway, framing, foundation, and interior finishes.
Disclaimer: Prices quoted may not reflect the current home buying market in Myrtle Beach. A local real estate agent can give you an idea of local housing trends.
Whether you buy an existing house or build a new custom home, it all depends on your priorities. If you prefer the latter then you should call Dawol Homes now.