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which is better? Building a house, or buying one?

By build do you mean go and build one yourself? Or do you mean buy one that hasn't been built and let it take 6 monthes to build?
 
I've found that the very best locations were taken LONG ago, so if location means anything to you... pretty obvious, eh? 😉
 
Originally posted by: CrazyDe1
By build do you mean go and build one yourself? Or do you mean buy one that hasn't been built and let it take 6 monthes to build?
Click to expand...

although building one myself sounds like fun, I wouldnt have a clue on where to start. So I mean pay someone to build for me.
 
Originally posted by: Ornery
I've found that the very best locations were taken LONG ago, so if location means anything to you... pretty obvious, eh? 😉
Click to expand...

location isnt that important to me. I live in the city now, I dont mind it. I grew up in the country, I wouldnt mind that either.

Price would be the biggest concern
 
If you don't want windows pre-installed you'll need to build it yourself.



But seriously - custom is expensive since you can't get the parts from Newegg and you need more than a screwdriver to assemble it.
 
The farther away from amenities, the cheaper it is. A "fixer-upper" would be the best bang for the buck, so a run down house out in the country would be the cheapest. I think city water, city sewers, and natural gas are worth the extra cost. You'll AWAYS recoup the higher price when you sell it anyway.
 
Go thru a couple of houses, first, before you build. Otherwise, you'll be regretting some decisions and wishing you'd added this or removed that.

After you've been in a house for a while (or a couple with different floorplans/layouts), you'll get an idea of what you truly like.

That said, if you can get into a home under construction and pick the paint colors, flooring, etc., then you'll feel more comfortable along with enjoying a quicker appreciation rate. 🙂


And don't get any of that Sony lumber! 😛
 
Originally posted by: rudeguy
Originally posted by: CrazyDe1
By build do you mean go and build one yourself? Or do you mean buy one that hasn't been built and let it take 6 monthes to build?
Click to expand...

although building one myself sounds like fun, I wouldnt have a clue on where to start. So I mean pay someone to build for me.
Click to expand...

The choice is yours but the way I looked at it I wanted a new place, in a new area usually by the time you move in you've appreciated 10-15k already, and you can pick your lot...this is very important. That and there's some excitement in getting a place built and getting everything customized to how you like it.

I'm biased...I built mine. I looked at both used houses and builders and ended up going with a builder.
 
Originally posted by: CrazyDe1
Originally posted by: rudeguy
Originally posted by: CrazyDe1
By build do you mean go and build one yourself? Or do you mean buy one that hasn't been built and let it take 6 monthes to build?
Click to expand...

although building one myself sounds like fun, I wouldnt have a clue on where to start. So I mean pay someone to build for me.
Click to expand...

The choice is yours but the way I looked at it I wanted a new place, in a new area usually by the time you move in you've appreciated 10-15k already, and you can pick your lot...this is very important. That and there's some excitement in getting a place built and getting everything customized to how you like it.

I'm biased...I built mine. I looked at both used houses and builders and ended up going with a builder.
Click to expand...

thats what I was thinking...with the way real estate is skyrocketing around here, I could build, live in the place for 5 years, then sell for quite a profit. I know alot of builders, plenty of mortgage people, and I can get all the appliances dirt cheap. That just kind of sweetens the sound of building. BUT...I dont like hassles.........
 
Originally posted by: Ornery
I've found that the very best locations were taken LONG ago, so if location means anything to you... pretty obvious, eh? 😉
Click to expand...

I wouldn't be so quick to jump to that conclusion. I own a fairly new home in an area that up until about 6 years ago was a real dog of an area to own a house in. Since then I've seen my house go up in value by 1/4 of a million dollars. That's equity/profit I'm sitting on. But yeah, buying a house that's already built is usually a much better investment. You don't have to sink all that money into all the "extras" the builder jacks you for like a back yard, a patio, tile in the kitchen and that sort of stuff.
 
Originally posted by: rudeguy
Originally posted by: CrazyDe1
Originally posted by: rudeguy
Originally posted by: CrazyDe1
By build do you mean go and build one yourself? Or do you mean buy one that hasn't been built and let it take 6 monthes to build?
Click to expand...

although building one myself sounds like fun, I wouldnt have a clue on where to start. So I mean pay someone to build for me.
Click to expand...

The choice is yours but the way I looked at it I wanted a new place, in a new area usually by the time you move in you've appreciated 10-15k already, and you can pick your lot...this is very important. That and there's some excitement in getting a place built and getting everything customized to how you like it.

I'm biased...I built mine. I looked at both used houses and builders and ended up going with a builder.
Click to expand...

thats what I was thinking...with the way real estate is skyrocketing around here, I could build, live in the place for 5 years, then sell for quite a profit. I know alot of builders, plenty of mortgage people, and I can get all the appliances dirt cheap. That just kind of sweetens the sound of building. BUT...I dont like hassles.........
Click to expand...


I didn't have any hassles with my builder. Also, if you know someone in real estate that will split the commission with you you can easily get 1.5% off. You do have to take into account landscaping and appliances and random crap you're going to have to buy.
 
My fiance and I are thinking about building. From people I've been talking to said that building can be cheaper if you know the right people and if your contractor doesn't charge a lot.

We're looking at around $200k. Who knows what'll happen.
 
Someday I will build my own home. Living in town isn't important to many people here in rural Illinois as many search for land for building in the country and it is getting harder to find.
 
get something already built that's decent. Make sure you don't spend too much because at that age it's more likely you'll move than if you got a house later on.
 
Originally posted by: AgaBooga
get something already built that's decent. Make sure you don't spend too much because at that age it's more likely you'll move than if you got a house later on.
Click to expand...

so wouldnt building make sense? Which appreciates faster new or old homes?
 
"I wouldn't be so quick to jump to that conclusion..."

The area around here was completely built up long ago. Any new homes are stuck in developments far away from freeway entrances. Hah, the freeways usually run along their back yards, though! 😀

Other than that, the new homes are pretty far from the jobs. These people commute at least 30 minutes, and usually MUCH more. I think I'd pay the premium to bulldoze an existing house and build a new one, before driving so far. Either that, or update the existing house instead. Older house frequently are constructed FAR better than new ones.
 
Originally posted by: Ornery
"I wouldn't be so quick to jump to that conclusion..."

The area around here was completely built up long ago. Any new homes are stuck in developments far away from freeway entrances. Hah, the freeways usually run along their back yards, though! 😀

Other than that, the new homes are pretty far from the jobs. These people commute at least 30 minutes, and usually MUCH more. I think I'd pay the premium to bulldoze an existing house and build a new one, before driving so far. Either that, or update the existing house instead. Older house frequently are constructed FAR better than new ones.
Click to expand...

Well, I am nowhere near a freeway and I work 12 miles from my home...It takes me about 20 minutes to get to and from work. And I'm about 10 minutes from the Pacific Ocean in North County San Diego.
 
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