Decide Between Buying Brand New and Renovating

The aptly named 'dream home' is a goal for most families who want to be able to settle down with the kids and own a home and a piece of land that is 'theirs'. For a lot of people this means an expensive and time consuming build - but that's not the only way to get the home of your dreams. Renovating may be a far more financially viable option and a far easier way to achieve your goals, but for some the idea of compromising on some design aspects is incredibly off putting.

Not sure what's the right choice for you? Take a look at some of these pros and cons of buying versus renovating and enjoy a home and investment that's perfect for your situation.

Finances

The sad truth is that, for some, building might never be a truly financially viable option. Circumstance can have a lot to do with this - finding the right section in the right location during a buyers market for example - but for others the costs associated can just always hover out of reach. Builds can go wrong and, for those who are putting a lot on the line, there's nothing to fall back on if worse comes to worst.

Renovations are a far safer option. You're building off a foundation and, no matter how much you modify, you will always have that base there that you are modifying. Costs are a lot less, and you can even stage your project to suit your budget over a number of years.

Design Options

Building a home does give you the ability to create a property that truly suits your own specifications. Creating a home from scratch is an incredible feeling, and it's a goal that a lot of people seek to attain.

You can still do wonderful things through renovation though. With a property that gives you the base for what you want to achieve, you can create your dream home with usually only minor compromise.

Get an Idea of Where You Stand

The first thing to do is start discussing your goals with your ตึกแถวมือสอง จตุจักร bank and with an architect. Figure out how much you're able to borrow and get a better idea of the costs involved with your project. Knowing the numbers can really make it a lot easier to decide what's viable and what you will be able to achieve in the future.

Build or buy, you don't need to forget your dreams of the perfect home. With a bit of work, compromise and some careful planning, you can achieve your goals without enduring too much risk.