When looking for your next home in Delray Beach, Boca Raton, Lake Worth, Boynton Beach, FL, and the surrounding areas, many people wonder if it is more economical to build a home versus buying an existing home. While this is an important question, it really only touches on one aspect of home ownership. At KMR Enterprises we can help to better answer that question by looking at several factors when it comes to buying versus building. Many times those looking for a home only look at the selling price of an existing home, and when they compare against the variability of a new home construction it seems like it is too hard to estimate the cost of a home build or other aspects of a new home. But existing homes also have their own variabilities that need to be taken into account. Talk with our team today to understand how building your new home can often be the same cost or even less expensive than an existing home.
Existing Homes Have Fixed Costs
This is what many people mistakenly believe when it comes to buying an existing home, and they don’t take into account the additional costs that are required to get the home up to the standard that the buyers want. This can involve painting several rooms or the entire home, replacing items such as doors, windows, plumbing fixtures, and other items, or other tasks that take time and money to bring an existing home to the point that the buyers want.
Building a home provides you with the chance to make the home exactly how you want it. If you want a specific size to your bedrooms, a new home can easily accommodate this, where an existing home will either require modifications or the buyer will just have to live with how the home is currently setup. Settling on room sizes doesn’t cost anything extra with a new build, but it can add significant cost to remodel an existing home.
Finding The Right Home Can Take More Time
When looking at buying an existing home, potential buyers need to sift through hundreds of existing homes or more that are all located in different areas of the region. This takes a significant amount of time to weed through these home listings to find ones that more closely fit your needs and desires, plus the time to tour them. Instead of this time trying to find the right home, building a home means you get exactly what you want right away and you don’t need to spend a lot of time trying to find what you want.
In the end, building a new home in Delray Beach, Boca Raton, Lake Worth, Boynton Beach, FL, and the surrounding areas can often be the same price or even less than the cost of purchasing an existing home. It definitely pays to speak with our team at KMR Enterprises about how building a new home can be within your budget. Contact us today to get the discussions started on your new home build.