What are the advantages of building your own home?

Buying a home is a financial decision that requires the analysis of many factors and variables, as it is the investment of a lifetime that most people make. And just when we begin the plan to find the place of our dreams, the question surely arises: is it better to buy or build a house? And the answer is it depends: it depends on you and the great variety of elements that you must decide on what you expect from your ideal home.

Let’s think about the essential factors that influence making this decision initially, and there are four: space, time, budget and guarantee. That’s why here we will talk about the advantages of being “the architect of your dreams”:

• Location and localization: One of the most important points to take into account before investing in a lot or land is the location, since the context largely determines its value and directly influences the quality of life and amenities, such as living in a natural environment, close to everything: entertainment, fun and services. Think about your safety and well-being, in a lot within a private unit with surveillance.
• Construction process: If you decide to build the property, this means being involved not only in the design process, but also in the construction. This represents the great advantage of economic savings, which can be up to 20%, since you are in charge of purchasing and contracting all the elements.
• Freedom of design vs adaptations: Having a house designed and built in detail based on your lifestyle, tastes, needs and expectations is one of the great advantages of building. If you consider that your needs are very particular and design is essential, building is probably your best option.
• Expansion or growth in stages: Most people design their home taking into account not only their current needs but also future needs or expectations, such as construction in stages, expansion or growth in height. These points are obviously more favorable when it comes to your own work, since you build with what your budget allows.

Investing in the purchase of your own plot for later construction is, in any case, a significant investment. You must carefully evaluate and analyze these factors before making a decision, which will ultimately be the one that best suits your needs and resources.