It's been a busy summer so far, and I haven't had much time to post lately, but this theme of building new vs. buying existing continues to pop up with our clients, so I thought I'd take a few minutes to post some additional comments on the topic.
We've already established a few basic truths about building vs. buying in my last post, but at the end of the day, the only thing that really matters is whether building or buying makes better sense for your needs.
So in the vein of Jeff Foxworthy's "You Might Be A Redneck" series, I offer the following for your consideration, and if these scenarios fit your situation, then "You Might Want To Build."
1) If you can't find any houses that meet your needs/wants in the existing housing market, then...You Might Want To Build.
2) If you're not in a hurry to move, then...You Might Want To Build.
3) If you are locked into a lease but want to buy now, then...You Might Want To Build.
4) If you absolutely, positively want a basement, then...You Might Want To Build.
5) If you want to live in a specific "hot" or fast-growing area, then...You Might Want To Build.
6) If you are self-employed and are going to use only the income from your self-employment for getting qualified for a home loan, then...You Might Want To Build.
You may be reading this and wondering why I am saying some of these things. The answer is simple.There are valid and significant reasons for building vs. buying if you fit into any of these scenarios, and I'd be happy to share them with you if you drop me a line at my contact info below. Enjoy the rest of your summer, and happy house-hunting!
Chris Camperelli is the Team Leader for The Elite Realty Pros Brokered by eXp Realty and can be reached at chris@theeliterealtypros.com or at 317-710-5019.
