If you have the cash to build your own home, you may be considering it as an alternative to buying a pre-existing one. While building a new home has its cons (basically, it’s way more expensive), there are actually lots of benefits to customizing your own house. Check out this post by Kyle Hiscock at Rochester Real Estate Blog for the pros and cons of buying versus building:

-Building:

Pros: full customization, more efficient home and appliances, fewer health hazards

Cons: resale value is often less than building cost, higher upfront costs, build time.

-Buying:

Pros: quicker closings, better value, established neighborhood, existing charm

Cons: not getting exactly what you want, upgrading/ remodeling expenses

Photo Credit: Armchairbuilder.com