Everyone in this world has a dream of having his own house. People work day and night in order to get shelter for them and their families.
There are two options available when it comes to owning a home. Either you can build your new home after acquiring the land or you can purchase an already constructed home.
In this article, we will discuss the difference between Building a house and buying one.
1. The Cost
The cost is the most important factor. Many people prefer to build their own homes. But the cost may be high in this case as you have to pay for the land first. Then if the home is large then the material costs and other related costs add up in the total amount. You also have to pay more to a reliable builder company. Your cost may also be increased by the extra features that you want to add to your home.
2. Design of the House
When you build your own from scratch with the help of a builder company, you have plenty of design choices. You can think of a design and the construction company will give you the exact output.
When you build your own home you can implement creative ideas and hire creative companies to build your home.
On the other hand, when buying a house from a housing project may not give you enough design options. They would have already constructed home and selling them to the end-users.
3. Quality of the Material and Labor
When constructing your own house you have full control over the selection of various materials like concrete columns, roof structures, roof tiles, decorative materials such as doors and windows floor tile wall tiles, sanitary ware, or electrical systems air conditioning system. You have a full choice of the quality and quantity of the materials.
On the other hand, when you buy a home from a housing project, you don’t have this privilege. All the construction work has already been done. You need to consider this factor while deciding for the house.
4. The Time
When trying to save time, buying a house from a housing project is easy and time-saving. You can decide on the payment terms and the house is all yours.
On the other hand, building your own home takes time. You have to give time to each phase for the selection of different materials. The construction process itself takes a lot of time. So, you need to keep this factor in your mind while working on the make or buy decisions.
5. Location & Size of House
If you are planning to buy a house from a housing project then you know the location. If you like that location then you should buy the house from that housing project. Your choice is limited in this case.
On the other hand, when you are planning to build your house yourself you have freedom of choice. You can buy land on any location you want and any size you want. When it comes to location, building a home is the best option.