When choosing your next home, you may feel torn between the most basic of decisions, should you buy a home on the market or build a home from the ground up. We understand the quandary, both have their own positives and negatives. Gerard Construction cares deeply for both existing homes we can leave our mark on through renovation and building a client’s dream home. 

Positives of Buying

There are some great aspects of buying a home. You will know exactly where every nook and cranny goes and you will be able to walk the floorplan, imagining your perfect day in each space as you move through the potential home. You can get information on the history of the home and the neighborhood, better understand trends that may impact your new life. You won’t have to wait for building delays on your new home and can better plan your move in. Buying is generally a little cheaper, according to Dave Ramsey, the difference is $109,250, on average in 2022. What’s more, you can hire Gerard Construction to do renovations on any issues you wish were different on the existing home that has captured your heart. 

Drawbacks of Buying

Drawbacks to buying do exist and may be a hold up for some buyers. There may not be the inventory or selection you are hoping for in your ideal location. You may not be able to find a home with the right floor plan, number of rooms, or simply the right feel. Another issue that may arise is hidden concerns. While an inspection is standard in most home purchases, there are no guarantees an inspector is going to find every problem. 

Positives of Building

There are a number of positives to building your home, the most obvious being you can do exactly what you want every step of the way. While there are some structural and architectural limitations and your budget may be a consideration, we can work with you to create your dream plan with a realistic estimate for how much you will need to invest. From custom spaces, the perfect footprint, to your ideal location, we can cater to your every need. Additional positives of building are knowing your home is completely unique to you and not a common floorplan you will see repeated throughout a neighborhood. When you build your own home you can also plan for long term cost saving features like insulation, electricity friendly appliances, and more. 

Drawbacks of Building

A few drawbacks of building do exist. For starters, your budget may be beyond the scope of your dream so you have to pick and choose certain elements to prioritize. That can be discouraging to homeowners who want their dream home. We can work with you to make a good plan. Building a home can also take time, especially if there are supply chain issues or inclement weather to consider, leading to delays. Furthermore, not every location is open for custom building, putting some limitations on where you can live in your new home. Building a house comes with stress and may not be worth it for some homeowners. 

To determine whether you should buy or build a home, you should consider each of these positives and drawbacks. If the positives are overwhelming in one situation over the other, you will know your next steps. If you have too many concerns from the drawbacks, you may want to reflect and think further. Either way, you should reach out to Gerard Construction because we can build your dream home or make an existing home into your wish come true.