Building a house vs Buying a house:A detailed comparision

Now that you have gone through my articles on pros and cons of buying a house and building a house.You might have got fair idea on the same but to give you a clear idea, I have come up with a detailed comparison with my recommendation at the end……………………..

	Building your house	Buying a house
Reselling your house	Yes, in fact have better chances	yes
Upgrade costs	Already built to your requirements	Yes, in a considerable amount
Moving in time	Four to six months	Less than a month
Neighborhood	Quite unknown, and underdeveloped	Known and well developed
Home insurance	less	High
Design control	Full down to the last screw	Very little(quite expensive)
Ability to look and feel	No, only visualized	Floor plans/even the house
Buyer’s remorse	no	Always happens
Discount on material	yes	No
Repairing costs	no	Yes
Annual saving	yes	Nil or negligible
Health concern’s	no	Yes
Budget constraints	yes	Yes
Construction loan and permits	yes	Not required
Temporary housing	yes	Not required
Legal considerations	Yes	Not required

Pros vs cons meter: building your house:: 10  buying a house:: 7

My recommendation

According to the meter ,Though it is better  buy an house in the short term both financially and for convenience, in the long run building a house is way better.

for our article on pros and cons of  building a house click here

for our article on pros and cons of buying a house click here