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To Buy or Build a Home in Huntsville AL… That is the Question

By: Huntsville Real Estate Expert Mike Manosky On August 3, 2012

You want a new home in Huntsville AL but you’re not sure whether it’s best to build a new one or buy an existing home.  The first thing you should do is identify your priorities.  Do you dream of a customized house built from the ground up, or is living near all the action in your ideal neighborhood most important to you?

Before you make up your mind or put in an offer, take the time to prioritize the following:

  • Location Can you find land to build on in your desired location? If not, are you willing to consider a different area if it means you’ll get a house tailored to your specifications? If you’re extremely location focused, you might have to give up the idea of building your perfect house and concentrate on available homes in the area.
  • TimelineHow flexible is your timeline? If you absolutely need to be moved into your new home in Huntsville AL estimated completion date. If your timeline isn’t flexible, it might be time to start looking at existing homes.
  • Renovation – Are you willing to renovate an existing house? With property values staying consistently lower than the cost of new, custom construction, renovating an older house may get you a lot more bang for your buck. However, do your homework first to find out exactly what needs to be done and at what price because renovation costs can skyrocket if you run into unexpected problems.
  • Communication – Do you want to deal with builder headaches? Sometimes, even the best contractors can be difficult to work with. You’ll need time to drop by the building site on a regular basis to make sure everything is going according to your plan.
  • Resale Value – Are you likely to re-sell your new property in the relatively near future? If so, you might be better off buying an existing house. In new construction neighborhoods, most potential buyers will be thinking about building instead of buying.

Ultimately, you can get a lot of satisfaction from either choice — just make sure you know what you’re getting in to. If you need help deciding whether to build or buy your new home in Huntsville AL, call me at 256-508-0211 Direct or 800-803-0053 Toll Free or email me at mike@movetohuntsville.com.

 

Having lived in the Huntsville AL area for most of his life, Mike Manosky understands exactly what makes this community special.  In fact, those who know him well will tell you he carries the same traditional values and focus on the future as Huntsville.

Mike brings with him a keen eye for the details of buying or selling a Huntsville AL home and seemingly boundless determination and energy, which is why his clients benefit from his unique brand of real estate service. Rooted in Tradition, Focused on the Future – Mike Manosky will help make the most of your Huntsville AL real estate experience. Give him a call today, 256-508-0211 Direct or 800-803-0053 Toll Free, and discover the difference he can make during your family’s move.

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