Do You Buy or Build Your Next Home?

Say that you’re looking to figure out what you want to do for housing. Do you want to look at something like corporate housing Corpus Christi? Where do you want to live? When are you moving? What can I afford? Here’s a question that has crossed my mind and probably the mind of so many other people: Should I just buy a home outright- or should I consider building my own?

Now, there are some obvious questions you should ask yourself when you consider whether you should build your home or if you should buy one outright. Use this as a guide to help you figure out the answer to that question.

  • How soon do I have to move? If the need to move is urgent, you may want to consider just buying a home. Your lease runs out in 2 months? There is no way that you are going to get a house built in that amount of time. But, if you are currently in a situation where you could stay where you’re at for awhile during the time that the house is going up, maybe building could be a potential option.
  • How much do I know about construction? If you or your family members and friends know about construction, wiring, plumbing, and all of the other things that you need to put into a home, then you may be able to pull it off for a lot less than you would have just buying an already built home.
  • What are land prices like? To build, you have to have the land to build on. There’s lots of ways to research land, and a real estate agent can assist you in seeing whether or not buying land and building is a great idea with the current prices of land in your area.