It is no secret that the housing market is as hot as the July weather we are having here in Utah County. Mortgage rates are lower than they have been in a long time, making it a great time to buy. But the reality is, the inventory of homes that are available for sale is low. There are plenty of homeowners that are selling, but there are still more buyers than sellers right now. So, you could involve yourself in dozens of bidding wars for houses that may or may not fit your needs, or you can build your own and design exactly what you want! Here are four reasons why you should build instead of buy.
Get Exactly What You Want
Because housing inventory is so low right now, not only is it difficult bidding against other buyers, it is also more difficult to find a house that fits the needs of your family. The floor plan you want is not something that you should compromise on. Buyer’s remorse is the last thing you want to happen when it comes to a home. When you build, you know you are going to get exactly what you want in a home. (Visit our Floor Plans page to find the perfect one for your family!)
No Surprise Old House Quirks
When looking into buying a home, there is always the risk of big expenses that you might not know about until it is too late. Maybe the inspector missed something and you will have to buy a new water heater a few months after you move in. When you build, the risk of something like that happening reduces substantially because everything is brand new. You can rest much easier knowing that!
Cheaper Monthly Bills
Buying an old home will likely cost you more in utilities that you want to spend. Having an older air conditioning unit or furnace could put you out hundreds each month. If you build new, it is easy to go green right off the bat. The appliances being new will already make them more efficient, but you can also choose to install smart home equipment to make everything run even more smoothly, and save you money every month.
A home is a long term investment. If you invest in something that is higher quality, that investment is going to work for you more in the long run. Later on down the road if you need to sell, you will get a much higher price than if you bought an older home.
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