Once you've decided to buy a house, there are two main choices: build a new home or choose a preexisting structure. Both options offer a long list of benefits, yet one will likely be a better match based on your priorities. Decide which path works best for your circumstances by reviewing this comprehensive guide. 

How to Choose Between Building & Buying a Home

Building

Customization is the biggest draw of new home builds. In most cases, you have full say over every aspect of the design, including layout and fixtures. This quality allows you to create a blueprint that ensures optimal functionality for your family and matches your aesthetic preferences. Once finished, the need for remodeling or updates should be decades in the future. 

A customized design takes time, so buyers opting for construction generally wait anywhere from a few months to over a year to move in. You can streamline the process by building in an existing development. While you may face design restrictions, choosing from a selection of preset building layouts usually results in quicker construction and lower costs.  

Buying

Buying a home is often the most budget-friendly option. Since party involvement is limited to the buyers and sellers—and their respective real estate agents, overall costs are typically lower than a new build. There are also fewer risks for additional costs upfront as you can negotiate any necessary repair costs with the seller. 

When you decide to buy a preexisting structure, there's no leeway with the layout or design choices. You can make updates down the road, but it'll come at an additional cost. Thankfully, many changes, like new flooring, can also boost your equity. Additionally, pre-built homes offer the convenience of a short turnaround, so you're free to move in once you close. 

Whether you're ready to build or buy a home, the team at Move Realty in St. Charles County, MO, is ready to assist you. The local real estate agency is well-versed in both the home building and buying processes, allowing their agents to provide a personalized experience with the process. Begin your property hunt today by browsing their online listings, and take the next step by calling (636) 336-6216 to speak with a Realtor®.