Is it cheaper to buy or build a house? Well that's what we're talking about today
and we are starting right now. Hey everyone, welcome back to my channel. I'm
Karin Carr, a Realtor in Savannah Georgia with Keller Williams Coastal Area
Partners and if this is your first time here, you really need to hit the
subscribe button because I put out a lot of great videos and I know you don't
want to miss one. Should you build or buy a house? Well let's talk about it. There
are pros and cons each way. If you decide to build a house here are the pros. You
get something that is brand spankin' new. No one has ever lived in it before, it's
perfectly clean, you don't have to redecorate or repaint or fix any
decorating choices that you may not agree with. You don't have to repair
things that are broken, you don't have to modernize things and update a kitchen.
And the fourth pro of buying a brand new house is that you can usually get the
builder to kick in some incentives. They might offer to pay your closing costs,
they might throw in a refrigerator or a washer and dryer, they might throw in
some additional bonuses if they are trying to move houses in this particular
neighborhood and they're not going quite as quickly as they would like. So those
are the pros. Let's talk about the cons. It's usually a little more expensive to
buy a brand-new home. If you bought that same floor plan in the same
neighborhood but it was two years old it's probably gonna cost you quite a bit
less than if you were to buy it brand new. Number two is the length of time
that it takes. If you pick your lot and you pick your floor plan and you start
from scratch you're usually looking at a minimum of five months before you're
closing on that house and moving in. If you're in a hurry and you're gonna have
to live with your in-laws for five months that may not be all that
desirable. Now sometimes they have what they call inventory homes or spec homes -
homes that they've already started construction on and maybe they're
halfway or 2/3 of the way done. You could buy one of those homes and it will be
much much faster to move into. However then you don't get to choose your
cabinet color, your floor color, your countertops, and all that stuff so
it's a trade-off. Do we need the fast move in or are we willing to wait in
order to get exactly what we want? Now let's talk about buying a resale home. So
the pros are it's usually less expensive. If you buy a house that's been lived in
before it usually cost less. Number two things are already done.
They've got window coverings, they've got appliances, the backyard has already been
landscaped, hopefully the house is in move-in condition. Number three the
landscaping is usually mature. How many times have you looked at new
construction where there's not a single tree in the entire neighborhood?
Unfortunately they tend to just bulldoze the whole neighborhood put up a bunch of
houses and there are no trees, a couple of tiny little scraggly bushes in the
front of the house, and that's about it. But now let's talk about the obvious
cons. There are people that choose crazy paint colors and the first day that you
look at the house you're thinking - oh my gosh, I'm gonna have to paint every room
in this house! There are houses that still have wallpaper and unfortunately
wallpaper went out of style about 20 years ago - so that's a lot of wallpaper
that you may have to strip. Perhaps the kitchen appliances are very dated,
perhaps the air conditioning system is 20 years old, perhaps the roof is 20
years old. There will be things that need repairs, that need maintenance, that need
modernization and updating. Depending on the age of the house that you're looking
at that could be significant. So it just kind of depends on... are you in the mood
for a fixer-upper? If you were to get the house super cheap are you willing to
make all of those repairs and upgrades in order to then end up with a perfectly
awesome house that didn't cost you all that money up front? So now we've talked
about should you build or buy a house. Would you prefer to buy a house that's
already done or would you prefer to build from scratch? Comment down below
and let me know which is your favorite. Thanks again for watching and as always
see you on the next one! {BLOOPERS} Do you like buying a brand new spankin
home or (is that right?)
We're talking usually a minimum of five months in order to... and you're... pfffft

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