Building vs. Buying Your Own Home

​When it's time to make a residence purchase, you have two options – build or buy.

Building a home allows you to customize every aspect of your house. But unless you plan to live in an area for multiple decades, buying an existing home might be better. Which is a more suitable option for you?

Building a Home
It's incredibly exciting to start thinking about building a home. A place that you'll call your own where you can raise a family and live out your dreams for the rest of your life. There are lots of privileges when you have your hands in creating your house or property. But let us see the pros and cons in choosing this option.

Pros:

• Here are the top 3 pros in building a home:
• Total control over construction with regards to costs, designs, and materials to be used.
• Less maintenance and repair costs.
• Avoid bidding from other interested buyers of your land.

Cons:

• Here are the top 3 cons in building a home:
• Riskier and more expensive investment or liability.
• Costs are more difficult to forecast.
• Increased stress, price, and effort.

Buying a Home
Buying a home is a big deal. This is the best option when you are in dire need of an immediate move-in. Some would even say that it's the biggest financial move you will make in your lifetime. So, naturally enough, there are some definite pros and cons to buying a home. Let's take a look at each.

Pros:

• Here are the top 3 pros in buying a home:
• Spend less time on construction
• Cheaper and more affordable
• Options to choose the desired location

Cons:
Here are the top 3 cons in buying a home:

• Maintenance issues and repairs
• Harder customization from established floor plan
• Bidding war for purchase

Final thoughts
Buying or building a home is perhaps the biggest investment any of us will make, so it's worth taking your time to choose something that suits you.  You need to find the best option that will suit your needs and wants and maximize everything according to it.

At Arnold Insurance Agency, LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (318) 965-5953. You can also request a free quote by CLICKING HERE.