Is Building a New Home Better Than Buying an Existing House?

Is Building a New Home Better Than Buying an Existing House?

October 12, 2020

Everyone has their dream house built away somewhere in their minds—maybe you’ve always wanted a brick façade, a wraparound porch or big bay windows across the front. No matter the house you’re envisioning, many people are fortunate enough to find a home that’s close enough to their desires to the extent they’ll still be extremely happy with it.

However, many people aren’t content to stop there, even after spending years scouring home listings and open houses looking for the perfect fit. They might contemplate whether they should build their home in Litchfield County, CT rather than wait for the right one to come on the market. Building your own house is a big decision, and it’s important to understand the differences between buying and building.

Time might be on your side

In a strange way, the COVID-19 pandemic has super-charged the real estate market. Many people who had stopped looking at houses or put their search on pause are now back in the game, and a mix of low inventory plus many buyers means prices are surging. When you’re wondering why you should build a house in Litchfield County, CT, it’s important to gauge your appetite for making fast financial decisions very quickly—homes are getting snatched up almost as quickly as they hit the market, so building a house gives you the luxury of time.

Money talks

Like we said above, the combo of many buyers and few houses for sale means that not only are homes getting bought up very quickly, but their prices are also skyrocketing. Multiple-round bidding wars are not uncommon, and prices can very quickly jump far beyond fair market value. When you’re wondering whether you should build your home in Litchfield County, CT, you of course have to keep money in mind. While building a new home has traditionally been seen as the pricier option, that’s not even necessarily true anymore. Our team at Green View Building & Design Company, Inc. can help you sort out these numbers if you’re interested in learning more about our home building services.

Keep to code and go green

Some additional benefits from new construction come from the fact that homebuilding techniques and materials evolve over time. As a result, building codes change as well. If you’re thinking about whether you should build your home in Litchfield County, CT, you should consider the peace of mind that comes with knowing your home is built to modern standards of legality, energy efficiency and the convenience that comes along with cutting-edge technology.

Some people love the thrill of the hunt when it comes to finding their dream house, while others know exactly what they want and wish to see that vision realized in the form of a brand-new home built from the ground up. No matter which way you’re leaning, we hope you’ll keep Green View Building & Design Company, Inc. in mind for your remodeling, construction and landscape design needs. We look forward to telling you more about what we can do for you.

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