Blue Knows Western North Carolina

If you are even considering whether to build or buy your home, first you must realize the importance of a home that fits your needs. Whether you are a family with teenagers, empty-nesters looking for a change, or just looking to take advantage of your retirement status, purchasing a home can be a stressful process. Here are a few tips to consider when deciding whether building or buying a house is right for you.


1. Time  

How quickly you would like to be in your new home is important to consider. Both home buying and home building take time. If you have a long list of needs, it may take time to find a home that meets them all. It can also take time for a house to go through the closing process. On the other hand, building a home can take close to a year depending on the size of the home. Things like permits, inspections, special orders, and inclement weather can all delay the building schedule.


2. Budget 

Consider the cost – how much are you willing to spend, and how much can you actually spend. Get pre-approved for a loan to begin your search, getting your finances in order will help you better understand how much you are able to spend. Sticking to a budget when building a home can be very difficult. You have to decide on every detail of your home, and it can be challenging to choose the cost-saving option. Buying a home has added costs as well. Closing costs and remodeling can also factor into your budget.


3. Life Plans 

One of the most overlooked factors in choosing a home is your life plans. What point are you at in your life. Building a home is a big commitment. Often the specialized touches that are customized for your family, have the potential to make it difficult to sell if you do ever decide to move. If you plan for it to be your forever home, building might be the better choice.


4. Location  

You don’t always have to compromise, but it never hurts to know which is more important to you, location or house needs. You may choose to buy a home if homesites aren’t available in your location. Or if the home you want is in a location that is farther away. Also, if you plan to move close to your kids and grandkids when they settle down, you may consider buying a home.  


Building a House: Pros and Cons

Building a home can be a huge, but incredibly rewarding undertaking. Here are a few of the pros and cons to help you decide if building a home is the right decision for you. 


  • Customizable. The main and most obvious benefit of building a home is the ability to customize it to all of your needs. You pick every single detail, from floors to finishings.  
  • Less Maintenance. Because expensive appliances in your home are brand new, they remain under warranty so if they do need maintenance, the cost is covered. The house should also need less maintenance as a whole. 
  • Pay for the features you want. Buying a home, the price can be increased based on factors that you don’t really care about. For example, if a home has a pool or fireplace that you will never use, you still have to pay for it. But not with a custom-built home. 
  • Up-to-date fixtures. Newer fixtures, such as windows and doors, are designed to improve the energy efficiency of your home. If they are new, you will not have to replace them as you might with an older home. 
  • Pride and Ownership. Building a home is a very rewarding endeavor. You put that house together. You chose everything, it is your vision–it is you. 


  • You have to clearly know what you want. The blank canvas building a new home offers can be exhilarating for some, but if you don’t have a clear picture of what you want, or you are indecisive, that blank canvas is a nightmare. 
  • Expensive. Building a home can be very expensive. Costs of a lot to build on, the builder, and materials fluctuate so it is a constant juggle of desires and compromise for priorities.  
  • Takes Time. As we mentioned above, building a home takes time. Waiting for specialty materials, weather fluctuation, permits, inspections, and endless other things that can lengthen your timeline.  
  • Don’t have as much history. From landscaping to the house itself, the home has no history. You aren’t necessarily sure how it will hold up over time and it doesn’t have a story, which can make it difficult to sell should you decide to. 

Buying a House: Pros and Cons 

Buying a home is an exciting process. Searching for the perfect home and seeing how other homeowners have made a space theirs can be inspiring. Here are some of the pros and cons of buying a home, instead of building one. 


  • You can have a general idea of what you want. When you are looking to buy a home, you can browse. You know the features that are important to you but previous owners may have weaved them together in a way you might not have considered or have features you didn’t know you wanted. 
  • Convenient. If building a home is cooking dinner, buying a home is eating out. It’s quick and convenient. You can move right in, instead of waiting for your house to be built. 
  • Less expensive. Buying a home is generally less expensive per square foot than building one. A good realtor can help you find price points to lower the asking price of the seller, if possible.   
  • Have a history. Already built homes have a history. Their roots run as deep in the community as the trees in their yard. 


  • Additional maintenance. Buying a home that has been around for a number of years means appliances that have been around for a number of years. Water Heaters, Furnaces, and A/C units all have the potential to experience maintenance issues. They could also add to your cost. 
  • Compromise. Odds are you will have trouble finding everything you want in a home. So a real downside is you might have to settle and compromise some of your lesser desires. 
  • Pay for things you don’t want. The home you buy is the home someone else built, with their needs in mind. So you may pay for popular features that you plan to get rid of anyway. 
  • Remodels can take time and money. If you plan to remodel, it may not be as simple as you think. If the remodel requires you to be out of the home that is extra time before you can move in. If your plans require movement of plumbing or electrical, that can cost additional time and money. If you decide to move in and take your time with the remodel, it can be easy to put it off when life gets in the way. 

These are only a few of the factors you should discuss when deciding to build or buy a home. If you have a general idea of what you want, talking to a realtor or builder can be helpful to understand the general price range of your dream home. Let us help you find the perfect fit for your family’s needs.

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556 W Main Street, Sylva, NC 28779