WOULD YOU RATHER……BUILD OR BUY?

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You’ve made decisions in your personal life and career; you’ve worked hard and now consider yourself established. The time has arrived where you are ready to own a home, and make that dream a reality.

But now you’re faced with the option of creating your own home from the floor up or purchasing a pre-existing home in your preferred town/city. Either buying or building a house will get you into a place to call home, but they are two very different paths with pro’s and con’s that need to be addressed. Here is a guide to weigh your options.

Buying a home can be as simple as contacting your local Realtor, going on showings, finding the right home for your life and having your offer be accepted. However, when it comes to purchasing a home there are numerous details and steps to consider during the buying process.

Building your own home gives you the flexibility to have things just the way you would like, to your own individual specifications. Building new means starting with a blank canvas, but even with the added conveniences, there are some drawbacks.

 

PRO’S

Buying

Building

* Convenience* Cost – Best value, usually able to negotiate better price on the home.* Appliances and fixtures are typically included, desired upgrades can be negotiated into the purchase.* If your offer is accepted, you can likely close and move into your new home in 30-45 days.

* Less stress – Much less considering during the buying process, less decisions to be made and/or negotiated. Don’t forget to consider home inspections.

* Already in an established area – easier to consider the character of the home and the area it is located in.

* Landscaping is usually complete and matured.

* Tremendous sentimental value and personal pride in making it ‘your home’.* Everything is able to be customizable from the carpet in the living room to the countertops in the kitchen and everything in between; structurally and design-wise.* Everything is brand new and up-to-date.*Construction materials and building code will be up to the latest standards.

* Energy efficient – better building standards, new quality materials and efficient appliances and systems.

* Deferred maintenance – you will not have to replace a leaky roof or water heater for many years. Unforeseen issues will most likely be covered by a warranty.

* New communities offer incentives such as recreational facilities, community maintenance and locations close to stores.

 

CON’s

Buying

Building

* Older floors plans do not have the same fluid traffic flow and opening feeling that most new homes possess.* You will most likely have to make compromises on your list of wants and needs.* Existing homes are often in need of some maintenance or renovations.* Less energy efficient – might need updates on wiring and other major systems depending on the age of the home. * Usually take s 6-7 months to build, and you may even have to wait 1-2 more months depending on unforeseen issues; bad weather, builder’s schedule, material defects.* New construction typically has higher costs and most initial estimates are not accurate. A lot can change during the building process.* Might have to live with the noise and construction vehicle traffic if you are located in a new community, which could go on for months.* The personal time commitment can be draining emotionally and financially.

*Must also purchase the land for your house to be built on.

 

 

The decision to build or buy is not an easy one and each has its own set of advantages and problems that need to be carefully weighed against one other. There is no wrong or right choice; only your personal preference.  The best thing you can do is to plan ahead; review the pros and cons of each choice thoroughly; determine your budget and stick to it; consider job security and long-term plans for being in the area; and last, but not least, don’t forget about maintaining your own sanity!

 

 

WOULD YOU RATHER……BUILD OR BUY?

Buying vs. Building

 

buyingvsbuildingNumerous decisions are involved in the purchase of a home.  The most important decision, which will impact the rest of the process, is whether to build your own home or buy an existing home.  Each strategy has its own advantages as well as disadvantages.  Owning a home is a great experience, but can be a stressful event; be prepared for what lies ahead of you.

Buying

vs.

Building

Pros

  • If your reasonable offer is accepted, you could live there within 30-45 days.

 

  • Tremendous sentimental value and personal pride in making it “your home”.
  • Usually not part of a Homeowner’s Association, giving you more personal freedom and more choices.

 

  • Personalize everything from the floor plan, to carpets, to fixtures, to appliances, paint colors, etc.
  • Already in an established area – It’s easier to consider the character of the home and the area it is located in.
  • Energy Efficient – Better, current building standards, better materials, and the most efficient appliances and systems; very important with the continually rising energy costs!

 

  • Better value – Usually able to negotiate a better price on the home.  Appliances and fixtures typically included, desired upgrades can be negotiated into the purchase.
  • Deferred maintenance – You know moving in that you will not need to replace the roof or any larger systems for many years.  Unforeseen issues should be covered by a warranty.

 

  • Less stress – Much less to consider during the buying process, less decisions to be made and/or negotiated.  Don’t forget to consider home inspections!
  • Many new communities offer other incentives such as recreational facilities, community maintenance, and locations closer to new stores, etc.

 

  • Usually have complete and mature landscaping. 
  • Latest technology built-in, from wiring to high speed internet, to the latest architectural trends, etc.

Buying

vs.

Building

Cons

  • Older floor plans do not have the same good traffic flow and open feeling that most new homes possess.
  • Usually takes 6-7 months to build, but you may want to count on another 1-2 months for unforeseen issues that may arise; bad weather, material defects, builder’s schedule.

 

  • Most likely will not have everything you want.  You will have to be willing to make some compromises on your list of wants/needs.
  • New construction typically has higher costs and most initial estimates are not accurate.  A lot can change during the building process.
  • Immediate maintenance or renovations may be necessary to personalize the home or even make it livable.
  • Might have to live with the noise and construction vehicle traffic if you are located in a new community; it could go on for months.
  • Less energy efficient!  Might also need updates on wiring and other major systems depending on the age of the home.

There is no wrong or right choice; only your personal preference.  The best things you can do are to plan ahead; review the pros and cons of each choice thoroughly; determine your budget and stick to it; consider job security and long-term plans for being in the area; and last, but not least, don’t forget about maintaining your own sanity!

 

Let us help you follow the path that best suits you!

Buying vs. Building

Prudential Real Estate 2012 Second Quarter Awards

Each quarter Prudential Real Estate compiles a list of the top real estate offices throughout the country, ranking them based on their size and location. We are proud to announce that Prudential Homesale has seven offices that have ranked in the top 3 for their respected category for Q2 2012.

Homesale YWGC Realty – Federal Hill

1st Place in Award – ‘Top 3 Offices with a minimum of 21
Sales Professionals and a maximum of 40 Sales Professionals in U.S. South
for Residential GCI’
1st Place in Award - ‘Top 3 Offices with a minimum of 21
Sales Professionals and a maximum of 40 Sales Professionals in U.S. South
for Residential Units’

————————————————————
Bob Yost Homesale Services – East York

1st Place in Award – ‘Top 3 Offices with a minimum of 41
Sales Professionals and a maximum of 75 Sales Professionals in U.S.
Northeast for Residential Units’

————————————————————

Homesale Services Group – Carlisle

2nd Place in Award - ‘Top 3 Offices with a minimum of 1 Sales Professionals and a maximum of 20 Sales Professionals in U.S. Northeast for Residential Units’

————————————————————

Homesale Services Group – Chambersburg

2nd Place in Award – ‘Top 3 Offices with a minimum of 21
Sales Professionals and a maximum of 40 Sales Professionals in U.S.
Northeast for Residential Units’

————————————————————

Homesale YWGC Realty – Clarkview

2nd Place in Award - ‘Top 3 Offices with a minimum of 76
Sales Professionals in U.S. South for Residential GCI’
2nd Place in Award - ‘Top 3 Offices with a minimum of 76
Sales Professionals in U.S. South for Residential Units’ Sales Professional and Team Awards

————————————————————

Homesale Services Group – North Pointe

3rd Place in Award – ‘Top 3 Offices with a minimum of 76
Sales Professionals in U.S. Northeast for Residential Units’

————————————————————

Bob Yost Homesale Services – West York

3rd Place in Award – ‘Top 3 Offices with a minimum of 41
Sales Professionals and a maximum of 75 Sales Professionals in U.S.
Northeast for Residential Units’

————————————————————

We are also proud to say that two of our teams made the top 3 for real estate for the States of Maryland and Pennsylvania.

The Mumaw Claster Group
(consisting of Noah Mumaw and Candace Claster)
Sales Professional Awards – 2nd Place in Maryland for Residential GCI

The Craig Hartranft Team
(Consisting of Craig HartranftJim McPhailKim McPhailKeith ShaubSarah SampleDanielle Gwilt, and Celia Fauth)

Sales Professional Awards – 3rd Place in Pennsylvania for Residential GCI
Sales Professional Awards – 2nd Place in Pennsylvania for Residential Units

Prudential Real Estate 2012 Second Quarter Awards

Building Maximum Exposure for Your Listing and Another Way to Search More Homes!

 

The Homesale family of companies has partnered with WGAL to provide the most extensive real estate search in the Susquehanna Valley. 

Together we have created an extensive, online local reach which has allowed us to become the most innovative real estate resource in the marketplace.

With the Find A Home real estate section on WGAL.com, you will experience: 

Home Sellers:

  • Increased online exposure for your listing
  • A streamlined home search, making it easier for buyers to find your home
  • An extended online reach, which will ultimately get your listing SOLD!
  • Increased number of online showings 

Home Buyers:

  • A streamlined home search, making it easier for you to find homes for sale locally, state-wide, or even across the country!
  • Featured new home communities allowing you the ease of exploring
    new construction options
  • The most up-to-date information on all homes for sale in the
    Susquehanna Valley

GO TO WWW.WGAL.COM/REALESTATE AND CHECK IT OUT!

Building Maximum Exposure for Your Listing and Another Way to Search More Homes!