To Build or Not to Build (July 8, 2017)

    by Brent Robinson, Nebraska Home Sales Managing Broker

     

    My wife and I have moved 12 times in 17+ years of marriage. When you move that many times, you tend to know what you like and don’t like in a house. When we moved back to Nebraska in 2016, we debated on whether we should buy or build. We plan on this next house to be our forever home. We have no intention to move again!

    We weren’t sure if it was worth the time and effort to build. We considered if we wanted to rent for 6-12 months while waiting on a new construction house requiring two moves or if we should buy something in an established neighborhood and move one time.

    We weighed out the advantages of buying verses the advantages of building.

    Advantages to buying existing:

    • The neighborhood and neighbors are established. You pick a neighborhood that meets your needs
    • You can move in right away, typically 4-6 weeks after the house is under contract.
    • Much easier to visualize a house that is complete than if the house is a blueprint.
    • Location: Existing neighborhoods are usually closer to amenities.

    Advantages to building new:

    • The house is new; new roof, new furnace, new A/C, new flooring… Your annual maintenance costs should be low for several years.
    • You choose the details; wall colors, flooring, floor plan… The house is made for you.
    • The house comes with features important to buyers such as a 2 or 3-car garage, open floor plan, large kitchen and large closets.

    There is no wrong answer. It comes down to personal preference and what is important to you as a homeowner. If you are considering building, you should attend Builderfest on August 5th to 13th. This event will be a week-long open house free to the public to view the newest homes on the market. Five homes will be on view to the public, all on the same block in Southlake Village at 98th Street and Andermatt Drive!

    After weighing out all pros and cons to building verse buying, we decided to build. We know it will be worth the wait! After all, it’s our forever home.

    For more information, see our Builderfest page.

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