Published on February 21, 2014
House Hunting Buying, Building or Fixing?
Is Buying, Building or Fixing Best for You? • When shopping for homes for sale, whether in Park City, Ft. Lauderdale, or Timbuktu, you may start wondering if building your own home, or lowering your standards, is a better option. • Each option can be good for your family, depending on what your circumstances are.
5 Deciding Factors 1. 2. 3. 4. 5. Finances Time Manpower Special Situations Environment
Buying a Home
Buying a Home • This option works best for families with limited amount of money for a down payment. • This is a good option for the suburbs or cities. • Follow these steps in looking at homes for sale: – Determine what you want and what your income will accommodate. – Look for a good neighborhood. – Plan ahead for future family needs. – Shop around and use a realtor if necessary. – Make an offer. – Close on the offer, but hire an inspector first if something seems suspicious.
Building a Home
Building a Home • Indecisive? Building a house is probably not best for you. • What aspects are most important to you? – Appearance – Space – Affordability – Utilities
Building a Home Use one of these three different building methods: 1. Complete do-ityourself 2. Complete professional build 3. Half DIY, Half Professional
Fixing Up a Home
Fixing Up a Home • This can be a good option on a strict budget, but be sure to estimate realistic costs from the beginning. • Try to imagine what your fixer-upper would look like with some work put into it. • Find a good floorplan and a good neighborhood. • Decide when each renovation can happen. Budgets usually don’t allow for them to happen all at once (unless you’re flipping the house). • First things first: do all the big stuff first. Work from the inside out.
Deciding What to Do • Take the time to assess what you and your family need. • Read this article for more in-depth information about deciding about your options. • If you need information about homes for sale in Park City, Utah, read this article.
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