When considering your dream home, you may envision a custom build or a pre-built dwelling that is either perfect the way it is or that may need a few renovations to make it truly feel like home.
However, this housing market may make it a little challenging to envision any changes in your living situation.
The question is still prominent in your mind, should you build a home, buy one on the market, or remodel your current home?
The following are several variables, pros, and cons that you should consider to help you make the best decision for your lifestyle and family’s needs.
Should You Build a Home in This Housing Market?
When you dream of your forever home, you know that every detail matters. If you relate to this mindset, then building a home may be the better option for you in this housing market. Building your home allows you to customize every aspect, from the floor plan and materials to the fixtures and installations. This lets you create a space that truly functions the way you want and need it to.
However, having so many options can quickly become overwhelming and you may choose one option only to feel like you should have chosen another later on. Custom home builds can also be more time-consuming and you can encounter several varying delays from supply chain disruptions to seasonal challenges.
Should You Buy a Home in This Housing Market?
Selling a home looks really great in this housing market because they are selling at a higher price point. However, that means that buying a home for the right price can be a little more challenging in this housing market.
Interest rates and homeowner’s insurance are a couple of additional costs to consider when choosing to buy a home. Oftentimes homeowners that end up buying a home will make a few updates personalizing the spaces or improving the home’s energy performance anyway.
So, would remodeling your home make the most sense in this housing market?
Should You Remodel Your Home in This Housing Market?
You may just feel that your home is dated and there are a few or more aspects of it that could benefit from a few upgrades and a facelift. If your home is in the ideal location and this sounds like your dilemma, then a remodel may be the better choice for you in this housing market.
The most value-added upgrades you might want to consider include kitchen, bathroom, and window upgrades.
Remember, slow and steady wins the race. So if you feel overwhelmed by all of the upgrades you would like to make, start with the smaller ones and tackle one at a time. This allows you to make progress while steadily increasing the value of your home.
Which Option Will You Choose in This Housing Market?
There are several options to create and enjoy the home of your dreams in this housing market, whether it is building, buying, or remodeling your house. Each has its own set of pros and cons.
With one of the most value-added elements of a home you build, buy, or remodel being window quality and upgrades, you should evaluate which installations make the most sense for your lifestyle and area.
At Eastern Architectural Systems, we are proud to serve our local communities with high-performance installations with quality ratings you can learn more about here. And you can find an EAS window and door dealer closest to you by clicking the button below to use our dealer locator tool.
