Build a house using custom specifications and you may get the house you’ve always dreamed about. To save money, you could also purchase a house that is being built to specifications developed by a previous buyer or developer. To avoid building an entire house, you could also add rooms onto your existing home.

Avoid rushing into a decision, as there are pros and cons to building a new house. For starters, you’ll incur floor plan development, construction and cleaning expenses that you’d avoid if you bought an existing house.

Unique costs associated with building a house – In addition to paying for the plot of land that you will build a house on, there’s the cost of laying the house’s foundation and building out the structure, including wiring, drainage, sewage and landscaping costs. You could also be responsible for the costs of repairs or renovations should initial floor plans need to be adjusted.

Meet the neighbors – Whether you build a house or buy an existing home, location is key. The neighborhood your home is located in will influence your property taxes, homeowners insurance and the value of your home.

Ethical builders – Check local licensing agencies and organizations like the Better Business Bureau for complaints on builders you’re thinking about working with. Ask your real estate agent if she knows the builders. Do your homework. The skill level, professionalism and ethical standards of the builder that you go with could make your home building experience good or a nightmare.

Weather conditions – Some older homes may not be prepared to handle extreme weather conditions. If you’ve ever lived in a house that flooded following every hard rain, you know firsthand that just because a house looks good, does not mean that it’s built for harsh weather conditions. Building your own house could increase the likelihood that your home will withstand harsh climate changes and weather conditions.

Code standards – Build your own house and you could meet code standards to operate a business out of your house or turn a portion of your home into a rental property. You wouldn’t have to spend more money to renovate the property if you include these design requirements into the initial build.

Recreation – Add space to build an in ground swimming pool or an outdoor dining area into the blueprints and you could avoid having to pay to add these features to an existing home.

Commute – Because land to build a new house may require you to relocate to a more open area, building a house could lengthen your work commute.

You’re smart not rush into making a decision on where you’ll live. Your decision could impact you for years, perhaps generations. You could opt for an older, traditional house like a brick bungalow or a four-story Victorian. But, depending on the age of the house, that choice could require repairs in the near future. Of course, you could go with a modern home. But, you’d still have to consider the condition of the house and how well previous occupants cared for the home.

Building a new house could increase the likelihood that your house will be in excellent condition. It could also ensure that you get amenities that you want, yet, at a higher price. Similar to shopping for an existing house, the more clearly you visualize your custom designed home, the better you will be able to work with a realtor to get the land plot that you need to build your dream house on.

This Single-Family in Salem, MA recently sold for $415,000. This Colonial style home was sold by Maria Imprescia-Salzillo – J. Barrett & Company.








10 Station Rd,



Salem, MA 01970

Single-Family

$399,999
Price

$415,000
Sale Price

6
Rooms

3
Beds

1/1
Full/Half Baths

Definition of Curb Appeal. This 17 year old house sits on more than a HALF ACRE of a lot. Attached Garage Space with Plenty of driveway off street. Unfinished pull down attic for potential extra living space with great head space. One Year Young Water Tank, Stainless Appliances, Central Air, and house comes with a hot tub. Just Look for the Perennials! 1st Showing will be at the Open House Sunday May 1st 12-130 No offers until after OH

Similar Properties

Tagged with:
 
Set your Twitter account name in your settings to use the TwitterBar Section.