There is a lot of misinformation about the cost to build on your lot. Most people think that if they decide to consider building a new house as an option when they are searching for the perfect home, they will quickly be priced out of the market. The truth is a bit different.
When you build on your lot it may seem more expensive than buying a preowned home until you start doing the math. Local homebuilders can make new houses far more affordable than most people realize.
One of the greatest advantages, when you build home on your own land, is the control that you have over what type of home you will be living it. You get to choose how you want your home constructed and the style of your home.
Of course, getting what you want out of your home is not the only advantage you also get:
- You will not have to worry about repairs to your roof, HVAC and other major systems for a really long time.
- You will not have to absorb the expenses of upgrades.
- You can have the space that is designed to fit your lifestyle.
Build on Your Own Acreage to Avoid Hidden Expenses
There are hidden expenses when you buy a pre-existing home that can quickly drive up the cost of buying a preexisting home. When you build on your lot you do not have to worry about any hidden expenses.
When you buy a preexisting home, you may be buying someone’s headache. If the HVAC system is on its last leg, you won’t know until it breaks down a year from now. You never know how long the roof is going to hold up. You just never know when you will run into major system challenge when you buy preexisting homes.
Those hidden costs can tack on $10,000 to $20,000 to the purchase price of your home. Additionally, whenever you buy a preexisting home there are always changes that you want to make, like painting, flooring, and other personalized touches. When you build on your lot, you do not have to worry about any of those additional expenses and work because the house is built using your vision.
Making a house a home can get very expensive when you buy a preexisting home. When you build on your lot, you are not just building a home, you are putting down a foundation for the lifestyle you have always wanted.