We’re closing in on a new year, and call us biased, but we think homeownership is a great goal for 2015. If you have a new home on your list of New Year’s resolutions, you’ll need to choose between purchasing an existing home from a seller, or building a new home from the ground up. Stuck on the decision? Here are some signs that you might be the “building” type.
1. You Have Realistic Expectations
Building your own home means getting exactly what you want – that is, as long as you don’t want Buckingham Palace on a suburban budget. The best owner-builders are the ones that have realistic expectations and already know what type of home design, finishes and location they can afford.
2. You Prefer New
Some people just prefer to buy new stuff; whether it’s cars, houses or other goods. Those people understand the value of being the first owner and getting what they want from day one. If that sounds like you, you might have a hard time being satisfied with a previously-owned home.
3. You Hate Surprises
That’s the thing about buying a previously owned home: You don’t have a lot of guarantees. Finding out that a 20-year-old bathroom harbors mold or the basement has insects that the home inspector missed can be some seriously unwelcome surprises. Building your home means zero surprises and knowing exactly what you’re getting.
4. You’ve Done the Math
You don’t need to have a perfect budget laid out for building, but taking a page from your 11th grade notebook and running some numbers can be enlightening. When you realize that homeownership can actually be less expensive than renting, or that a new home can be built for the same price as a pre-owned home, the choice becomes a lot easier.
5. Your Pinterest Board has Been Perfected
Hey, anyone who sees your Pinterest board knows that you’ve been planning your dream house for all of 2014. Why not spend 2015 making it a reality?
6. You Love the Idea of a New Neighborhood
Moving into an established neighborhood can be a little daunting, especially if you’re the new kid on the block. By choosing a young or new neighborhood from the start, you get to create your own sense of community with homeowners like yourself. Block party, anyone?
7. You Have a Builder in Mind
The last sign that you’re ready to make the leap to building your home is having a builder in mind. The builder you choose will definitely affect your overall experience, so do your research, ask around and trust your gut. And if you don’t already have a builder in mind, might we suggest one?
The decision to build a home shouldn’t be taken lightly, but let’s face it: You’ve been thinking about it for months. Why not make 2015 the year where you turn those napkin sketches, Pinterest boards and “one day”s into a reality and you could be celebrating the New Year in a new home.