Buying a property is, without a doubt, one of the most important investments that we can make throughout our lives.
It is true that it carries with it a great responsibility, since we are talking about depositing a large part of our savings in acquiring a property.
Having a home of your own is a project that requires planning to develop successfully and begins by deciding what we want to do.
There are two ways in which we can acquire a house : build one from scratch or buy a house already built.
Either option is advantageous for people with different needs. Here are the factors that you should take into account to decide what is the most convenient for you.
The time factor is essential when deciding if we need to buy or build a house.
In most cases it is definitely an advantage to buy a house since the period from when we acquire it to being able to inhabit it is relatively short.
The time that needs to be invested when building a property is highly variable depending on the project.
We must consider that any construction entails a project preparation, develop and approve the construction plans of the house, process the necessary permits with the government, the completion of the work, implementation of finishes and any unforeseen event that may arise.
Adding all this up, a construction project usually takes between 12 and 24 months, as long as you already have the land to build.
Issues such as living near the school or office, being a short distance from family, services, shopping centers or even friends, are important if we are looking for land or a house.
If we are looking to live in urban areas, the options for houses will be more abundant and we will be able to find a variety of real estate complexes, but it is probably more difficult to find land available to build.
The design and remodeling
When considering the dilemma of buying or building our own house, it is common to comment that it is cheaper to build the house than to buy it, because we are not using the services of a seller who makes a large profit by selling us a property.
However, we must consider that when we build our own house, we will need the services of an architecture office to define the design of the house, keep the necessary documentation in order, etc.
On the other hand, we must also consider the people who will be in charge of carrying out the construction; bricklayers, carpenters, blacksmiths, electricians. All this entails expenses that we must bear in mind in addition to the direct costs of the construction of our new house.
However, acquiring a home already built also comes with its own construction costs, as new home owners will often want to make some small (or not so small) modifications to the property to make it fit their needs.
We must be very careful in the changes that we want to make in the house since it is very easy to get out of the budget to develop modifications that were not planned.
The most obvious factor, but not for that reason the most important is the economic one. As we mentioned before: acquiring a property is a strong and long-term investment, so it is essential to gather all our savings and take perfectly into account our economic capacities.
For this we must consider our salary, our fixed expenses and even our current debts, among other things.
However, if you currently do not have all the money necessary to carry out your projects, do not be discouraged, at ION Financiera we offer you a Mortgage Credit that perfectly suits your needs, you must meet some requirements to speed up your process.
Start the first step by prequalifying online and without obligation.
Finally, we show you a small concentrate where you can compare the advantages and disadvantages of acquiring a house already built or building your own.
Buying a new or used home
Build a house
As you may have realized, deciding between buying or building your own home goes beyond money.
There are many factors that we must consider to define what is best for us and what best suits our needs.
We know that buying a property can be an overwhelming activity, but don’t let all the information available on the Internet paralyze you, we invite you to read again point by point what we have presented to you so that you can make the decision that best suits your needs. .