Posted 5.8.12 @ 4:10
Building or buying a home is quickly becoming a more common question among first time and experienced home buyers. When you’re looking at Oakville real estateyou’ll find many great homes for sale as well as lots in developments that are luxurious and beautiful. Here we’ll help you answer the age old question of building your custom home or getting into a great home that was built to spec for someone else. Here are some questions you should ask yourself before you decide!
How Close do You Want to Be to the City?
Newer developments where you can build a custom home are typically further away from the amenities that most of us want to enjoy. Will you mind commuting to downtown or public transport? Can you afford to get up an extra hour early just to make it to work?
Are You HOA Material?
Not everyone is going to be able to gel well with Home Owners Associations; are you prepared to have the strangest areas of your life micromanaged by committee?
- Are the fees really expensive and how flexible are the rules?
- Can you plant what you want, have a basketball hoop in the driveway, or are there restrictions for what you can do with your own property?
- Will the puzzle piece nature of new developments or subdivisions slowly drive you insane?
- Do you really want to wait 20 years for that pomegranate tree to sprout?
- If there’s room for you to build, there’s most likely room for others to build too. Can you deal with construction workers coming and out day and night trying to get another home up?
These are just some of the things you could come up against when you’re dealing with HOAs in general. Keep in mind that new developments tend to be noisy until all of the homes are built up, and sometimes people go a little mad with power.
Buying a Home has its Benefits
When you buy a home that was built to spec, you’ll get a few benefits. There are many Oakville homes for sale; all you have to do is pick up the phone and a member of our team can help you choose the right one for you. You can buy Oakville real estate and upgrade it (it’s well known that builders will mark up prices like crazy on new homes for upgrades) at a fraction of the price you’d spend to build a home to spec.
It really comes down to what you’re willing to put up with. Are you okay with investigating builders and hiring home inspectors at every stage of the process to check up on the home being built? Are you willing to negotiate with your lender to get them to finance building a new home? Are you ready to deal with a home that isn’t built on schedule, or do you need to make sure it’s ready by a certain date? All of these issues are something you have to deal with when you build your own house on Oakville real estate.