Options for Becoming a Homeowner

Are you intrigued by the idea of owning a home? There are many reasons for taking this step, ranging from not having to pay rent monthly to having freedom to building equity and making a wise investment. If you think you’re ready, consider the various options available to you.

Build a Home

The best way to guarantee your home matches all of your desires is to build it from scratch. The home building process can be lengthy, but if you find a good company to work with it can result in everything you want. You can go about this in several different ways. If the neighborhood is the most important thing to you, you can find an area that’s still in the construction phase, purchase a lot, and follow one of their approved plans. Another option would be to find a blueprint you like, or even develop one from scratch with an architect, and then find an amazing lot in whatever spot best suits you. Building a home gives you the opportunity to pick every aspect of the home, including fixtures, flooring types, amount of rooms, and any extras.

Buy a New Home

If you love the idea of a new home, but don’t want to actually make all of the decisions the building process entails, you could always opt to purchase a newly constructed home. There are plenty of new builds going up in neighborhoods throughout the country. Find a realtor you trust and they will help guide you through the ins and outs of the home buying process. Often with new builds there’s even the possibility of being able to hand-pick some of the final touches, like paint colors or appliances.

Purchase an Older Home

Do you want a solid home that’s stood the test of time? Maybe instead of buying a brand new home, you should purchase one that’s been loved by a family before you. Older homes have the benefit of being established, often can be found in good neighborhoods where you don’t have to listen to homes being built around you, and are typically more affordable than a brand-new build. While you will likely not be able to pick any extras to go into an older home, you may be able to find one that has unique quirks or fun built-ins that newer homes don’t often have. If history piques your interest, an older home might be the perfect fit!

Take On a Fixer-Upper

This option is not for the faint of heart, but it is for someone who loves the idea of a challenge! Buying a fixer-upper usually consists of buying the worst, and often cheapest, home in the neighborhood. If you go this route, you’ll typically save money, and get to make whatever changes you want. The biggest downside to buying a fixer-upper is that it can be a huge undertaking and can sometimes end up costing an extreme sum in repairs. On the flip side, though, it could get you a dream home at an affordable price!

If you’re ready to buy a home, carefully consider all of your options: building a home, buying a new or older home, or purchasing a fixer-upper.