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Atlanta home prices, Buy a house in atlanta, Buy a house vs build a house, Cost of homes in atlanta

Build a House vs Buy a House: What’s the Best Choice in North Atlanta?

2019-06-05T12:00:00

You’ve been looking for a home in North Atlanta, but affordable options are harder to find than your keys when you’re in a rush.

It’s no wonder. In May of 2018, the available listings in the area added up to less than 2 months worth of sales.

That’s less than a third of the 6 month supply a healthy real estate market should have.

So what’s a house hunter to do?

If you’ve been thinking about building your own home right here in Atlanta you might be biting off more than you can chew.

Before you dive in head 1st this article will warn you of what’s ahead if you choose to build or buy your home in North Atlanta.

Why Build a House?

Building your home from the ground up gives you total control. But it does come at a cost.

The average cost to build a brand new house is just over $291,000 before considering the cost of land.

While Zillow puts the median home price in Atlanta at around $261,000, given the shortage of inventory you’d be lucky to find something at this price before someone else scoops it up.

So when it comes to cost, buying an older pre-existing home is almost always going to be cheaper.

But price isn’t the only factor when looking for a new home.

On top of the fact that an affordable plot of land can be easier to find than an affordable home, you get the home of your dreams.

Get Exactly What You Want

Never wonder why they put that closet there or wish the garage was bigger. You can be involved in the design process from day 1 and really make it your own.

You won’t have to budget for remodels and repairs like you would an older home. Everything is new so you can get energy-efficient appliances that can save you money in the long run.

You’ll also qualify for many suppliers’ builders discount, like Home Depot’s, that tack on special perks like faster check out on top of the sweet discount.

Limited Options

Because you can’t make bulk purchase orders like a construction company you’re going to be limited in the materials you can use.

You’ll have to compromise and decide which amenities are a must and which ones just don’t fit the budget.

Why Waiting for the Market is Smart

Building your own home sure can make you feel like a pioneer building your home on the range.

But let’s be real, it’s a ton of work. If you work full time the last thing you’re going to want to do is to come home to your 2nd job as a construction foreman.

And while you might not be out there laying the foundation yourself, you’re going to be running an entire construction project yourself, with 0 experience.

So let’s talk about some of the benefits of buying a pre-existing home:

The Possibility of Flipping

Even without major renovations, you could end up flipping your home in a couple of years as housing prices continue to rise.

If you make flipping your goal you can get farther with less startup capital than you would need to build a house from scratch.

Move in Now

If you decide on building a home you’ll have to remain at your current residence during construction. Not to mention paying rent or mortgage at the same time you’re covering the construction of a new home can really stretch the budget.

Even if you can’t find your dream home, an existing home gives you a place to live now and you can work on remodeling and upgrades at your leisure.

You’ll Have to Wait

The Atlanta housing market is one of the tightest in the country. Inventory is limited and lower-priced homes are seeing the biggest jump in cost.

This ends up pricing out many would be homeowners. All the while prices continue to increase as you wait. You could end up waiting for years only to realize there’s no way you’ll be able to afford to live in the area.

Build a House vs Buy a House: What’s Right for You?

Whether you decide to wait so you can buy an existing home or custom build your own, Bin There Dump That can handle all your dumpster needs.

If you’re going to be remodeling you need a dumpster rental service that can accommodate large quantities of construction waste.

And can you believe some residential dumpster rental companies expect you to take care of transportation?

Not us. All you have to do is fill your dumpster and we take care of everything else.

No wait time. You can have a dumpster to fit any sized project at your door within 24 hours.

Your dream home is waiting. Make it happen with Bin There Dump That.

Call now for a free quote!