If you’re ready to own a forever home, you may be weighing the options of building a home from the ground up, detailing a design to your discretion vs purchasing a turn-key home. 

For those who have hyper specific needs, building a new home may seem like the better option. However, before making the decision, it’s important to understand both the pros and cons of both building a home from scratch. 

Pros of building a new home

Everything is new

Building a new house, one of the most prevalent benefits is that everything in the home is new. This means aspects of your home such as windows, appliances, carpet, the roof and other features will have a longer lifespan before repair and replacement is needed. 

Customized design

Even if you are building a new home with a premade template, you can still customize the design to accommodate the specific needs of you and your household. This can be as simple as materials used on the kitchen floor, or more dynamic such as materials and layouts of each room design. 

Cons of building a new home

Longer wait time before moving in 

On average, it may take several months to over a year for a new build to be constructed – even with smooth conditions such as temperate weather and ease of finding required building materials. 

With this in mind, conditions should be ideal for you to stay in your current residence for a prolonged period of time.

Limited room to negotiate price 

Building a brand new home usually means pre-set prices for labor, building materials, design and closing costs. Sometimes, there may be price breaks only when construction costs are down and building material vendors give builders discounts on goods. 

Before deciding whether to purchase a home or build a new one, weigh the pros and cons of each depending on your personal circumstances so that you can be sure to arrive at the best decision.