To Buy or to Build?
The homebuying process shouldn’t be done alone. That’s why we’re here. All of our expert real estate agents on the Sands Realty Group team will partner with you to navigate you through the heavy decision-making that can be difficult, including one of the first decisions folks are faced with: whether to buy or to build.
We’ll walk you through some of the insights on build vs. buy that our agents offer to our clients:
PAfter you receive a pre-approval letter from your lender, one of our agents can help you shop around for homes on your wish list, narrow your focus, and make an offer, usually closing within a month or two. There’s also the convenience of moving into an already-established neighborhood that you’ve researched, with mature landscaping already in place. On the flip side, one drawback is that you probably won’t get exactly what you want in a floorplan, which means investing money into renovations or a remodel.
In many cases, it’s cheaper to buy an existing home, even after factoring in mortgage rates and closing costs.
Although you lack the convenience of moving right into an existing home and need to consider the added component of working with a builder or architect, you will wind up with exactly what you want from the ground up. It’s also new – and better for you! – built with energy-efficient HVAC systems, building materials, paint and more.
The upfront costs of building a new home can be higher, but it may be easier to see a return on your investment, based on the value of the resale, and the fact that there will be less maintenance and repairs. The right builder should be able to provide a list of cost-saving methods and materials to save you money and stay on budget from the start.
WANT TO LEARN MORE?
We’re here for you. If you’re ready to buy, sell or build a home, call Sands Companies now at 843.839.4634 and one of our top agents can sit down and discuss the best plan for you.