Building A New Home VS. Renovation
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Posted On :
Jun-06-2011
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Article Word Count :
574
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Buying a home is definitely a costly thing to decide. Where it includes the materials, man power, time, etc. With such consideration, a two distinct characteristics of a home buyer is being distinguished:the one who prefer to build a new house while the other which prefer buying an existing and plans to make some renovation on it. Becoming this as one of the dilemma that a home buyer is facing.
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Buying a home is definitely a costly thing to decide. Where it includes the materials, man power, time, etc. With such consideration, a two distinct characteristics of a home buyer is being distinguished:the one who prefer to build a new house while the other which prefer buying an existing and plans to make some renovation on it. Becoming this as one of the dilemma that a home buyer is facing. Whatever of the two, one must ponder some considerations for them to prevent regrets after building or renovating a new home.
HOUSE PLAN/ARRANGEMENT. This is first thing that many home buyers should think of. Considering the family preference of either a good home layout/design or adapting an existing layout. Along with this is the money that is capable to build the layout.
Newly build houses usually have bigger rooms, more bathrooms and built-in wardrobes. If you prefer to build a new home then you may influence the layout and finishes as part of negotiations taking part by the developer.
While in the contrary, an existing home that you are about to inherit will just have its remodeling over time. In fact, you are about a great advantage of renovating according to your preferred arrangement in just a short period of time.
YOUR SKILLS IN RENOVATING. If you plan to buy an existing house, you are required to renovate to embody the features to form a newly designed house. Thus, giving you an additional cost for money, time and patience for you to accomplish what you want.
You are either to employ someone that will do the renovation or carry out by your self. Having the skills in managing the renovation is a great advantage for you'll don't need to pay someone to do the work. Thus, lessens the cost for your renovation expenses.
HOUSE LOCATION PREFERENCE. If your then prefer to live closely near to your work, then you are to purchase an existing house where the establishments lands right across your work location. Furthermore, one should consider family basic needs in terms of location such as the school, public transport, market, and any other local facilities.
BUDGET. The money that will be manage will be one of the biggest consideration in selecting/purchasing a new home. Buying an existing home will be cheaper rather than planning to build a newly one. For you'll have to consider the land and the home package itself for almost the same features of the existing one.
If you find your budget only limited, you may prefer to buy an existing home and make a remodeling as your budget will be costly effective for that. Then if you do choose the option of buying an existing home, you may want to hire a renovating contractor to help you estimate the cost of remodeling and of course to help you to have an effective decision.
Getting a new home is actually a costly process. So better to take consideration of such things to make an effective and a beautiful home in the end. Don't be afraid to ask for the advice of professionals as they may help you to build a newly and organized home design. Either of the two choice, one buyer must create a list of the advantage and disadvantage of having a home that will be costly effective for them to be happy and satisfied at the end.
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Article Source :
http://www.articleseen.com/Article_Building A New Home VS. Renovation_63666.aspx
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Author Resource :
Miss Vic tackles topic specifically related to Real Estate in the Philippines and other closely related topics. If you want to know more of her idea, you may follow her blog namely Real Estate Business Blog for an updated and informational real estate and other related topics. I'll be glad to see you in my page and interact with me!
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Keywords :
renovation, house renovation, new home, buying house, home buyer, real estate, Condotel in the Philippines,
Category :
Finance
:
Real Estate
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