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Message
Is there any benefit to buying a home vs building or vice versa?
Posted on 6/19/18 at 1:39 pm
Posted on 6/19/18 at 1:39 pm
Especially if you live in the country where land is reasonable?
Realtors in my area have lost their got damn minds, jacking up home prices 20 and 30%.
Is there any reason why should I buy someone else’s old home at a price some stay-at-home, old insurance sales realtor dictated and is out of their mind pricing? Especially when considering that I can build a larger, nicer, newer home for the same amount of money?
I’m bitter and poor so I can’t afford a diary.
Realtors in my area have lost their got damn minds, jacking up home prices 20 and 30%.
Is there any reason why should I buy someone else’s old home at a price some stay-at-home, old insurance sales realtor dictated and is out of their mind pricing? Especially when considering that I can build a larger, nicer, newer home for the same amount of money?
I’m bitter and poor so I can’t afford a diary.
This post was edited on 6/19/18 at 1:41 pm
22
Posted on 6/19/18 at 1:41 pm to TDcline
quote:
Especially if you live in the country where land is reasonable?
Yep. I built in the country and got more house for what I could've purchased in the city. Pick your contractor wisely, though.
Posted on 6/19/18 at 1:41 pm to TDcline
Build a home if it’s cheaper and you physically can on the land, buy a home if you like it/it’s in an area you can’t build currently.
Don’t hurt your brain with that Einstein level intelligence you got baw
Don’t hurt your brain with that Einstein level intelligence you got baw
Posted on 6/19/18 at 1:41 pm to TDcline
It depends on which headache you would rather deal with, realtors wanting to get overpaid or contractors not showing up way out in BFE to do the work.
Posted on 6/19/18 at 1:41 pm to TDcline
Homes are no different than cars. You have a period pf maintenance free ownership, then that fricker is a money pit. I build every 5-10 years to avoid repairs. I always make 20-30% in equity doing this. Leave the maintenance to the next sucker.
Posted on 6/19/18 at 1:43 pm to TDcline
if you dont need a house for 5-8 months build yourself. Save more money if you know what you are doing and contract it out yourself. You have a new home and a home that you got designed for your family. If you buy a house previously owned you can usually add at least 10% to the price you pay for changes like paint, flooring, counter tops etc.
Posted on 6/19/18 at 1:43 pm to TDcline
It's all situational. If there is a nice house for sale in a nice location that meets your needs, it would be smart to get this.
But, if you can't find what you want at the price you want, go build something.
But, if you can't find what you want at the price you want, go build something.
Posted on 6/19/18 at 1:44 pm to TDcline
Do you have the time, patience, and money to build a home?
I find this hard to believe, and think you may be underestimating the costs of building.
quote:
Especially when considering that I can build a larger, nicer, newer home for the same amount of money?
I find this hard to believe, and think you may be underestimating the costs of building.
Posted on 6/19/18 at 1:44 pm to TDcline
All you need some land and a double wide
-the OT
-the OT
Posted on 6/19/18 at 1:45 pm to TDcline
buying means you don't have to deal with contractors and headaches and can move in immediately without having to also rent and waste time. Building means you can customize it. Trade offs for each but have to deal with all of the above.
Posted on 6/19/18 at 1:47 pm to TDcline
Buy the cheapest POS house in the area, have a wiring malfunction and burn it down, claim on your insurance and you have a brand new house.
Posted on 6/19/18 at 1:47 pm to AUCE05
quote:
I build every 5-10 years to avoid repairs.
WTF? You build houses out of paper?
Posted on 6/19/18 at 1:48 pm to tigerbutt
Wut?
Posted on 6/19/18 at 1:52 pm to TDcline
Building a house is a pain in the arse
Realtors only set the asking price, you decide what you’re willing to pay
Realtors only set the asking price, you decide what you’re willing to pay
Posted on 6/19/18 at 1:53 pm to Pesticide
quote:
wife
This can probably also make building more expensive as more and more upgrades / customization get discussed
Posted on 6/19/18 at 1:56 pm to yellowfin
Also interest rates have been trending up so in 8 months when you’re ready to close on mortgage a 1% increase might negate any savings over buying today
Posted on 6/19/18 at 1:56 pm to TDcline
quote:
I’m bitter and poor so I can’t afford a diary.
Upvote just for this.
I'm too lazy to go through the process of building my own home, so I just buy old used houses.
Posted on 6/19/18 at 1:57 pm to TDcline
You can realize a great savings by cutting out the middle man if possible. You get permits and run the build.
Hire all the subs, work your own deals. Significant savings with built in equity before moving in.
Hire all the subs, work your own deals. Significant savings with built in equity before moving in.
Posted on 6/19/18 at 2:00 pm to AUCE05
Solid strategey
Posted on 6/19/18 at 2:05 pm to RockyMtnTigerWDE
quote:
Hire all the subs, work your own deals. Significant savings with built in equity before moving in.
I am adding an extension onto my house. I can only imagine what a fricking pain in the arse this would be.
To op, each has its better options. One thing to keep in mind is that not all construction is the same, and some people do a shite job. Plus construction labor is in short supply across most of the country.
One other thing to consider is that houses that were built a long time ago were often built well.
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