Buy or Build?
Published Sunday, August 21, 2005 by Troy Phillips | E-mail this post
When considering building, first decide that you are building for the right reasons.
Building a new house is typically more expensive than buying an established house. Sometimes, it may not appear so if you add the cost of land and the cost of a bare house, but there are a number of “invisible items” that need to be taken into account:
- A garden and a lawn
- tiling, carpets or other floor coverings within the house
- paving and/or decking outside the house
- curtains or other window dressings
- home security system
- a whole bunch of stuff that will come to you if you consider the difference between a bare new house and an established second hand house
So remember that there is a financial premium to live in a brand new home.
Nevertheless, we are building a house because then we get to have a house that best meets our requirements, and we get the pleasure of living in a brand new home.
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