Building your own home comes with a lot of benefits. However, these advantages are often overlooked by many because of the fact that building a home on your own requires much effort and time. Here are a few of these advantages that will convince you to build and not buy a home.
#1 Saved money – Many factors affect the prices of houses that are sold in the market. Two of these are the builder’s profit and the realtor’s fee. The typical builder’s profit ranges from 18 to 20 percent of the total cost of the construction and the land. Meanwhile, realtor fees range from 5 to 7 percent of the total cost of your home. You will be able to save around 30 percent of the cost of a new home if you decide to build one on your own.
#2 Customized house parts – Building your own home allows you to customize its parts so that they will suit your needs. You can now manage your own house construction project with the use relevant software available on line. It can help you obtain the right design and measurements for your dream house.
#3 New skills learned – During the process of construction, you might be surprised how creative and talented you are. You can cultivate your current skills and learn new ones once you decide to build your own home. This a great way for you to beat boredom and depression. Moreover, this will make you value your home more as it is the fruit of your labour and passion.
There is also a downside to building your own home. The entire process can require a lot of effort and time from you. This is specifically true when your lot is located in the outskirts and you would need to commute long hours just to get back and forth from your work and your construction site. Needless to say, all your hardships will pay off once your dream house is completed.