Buying vs. Building Your Dream Home In Calgary

If you’ve got a step up on the property ladder and have gone through an entry-level home or two, you may be ready to take the next step towards owning your dream home in the city of Calgary. The big question remains: Do you build, or buy? 

Whether you choose to buy or build you will get you a house, but these two paths have different issues that need attention. Here are some pros and cons to help you weigh your options.

Buying Pros

The two biggest pros to buying a home are convenience and cost. If you decide to buy an existing home, it will be move-in ready by the time of purchase, and you may be able to negotiate the price down if it is not ‘exactly what you want.’

Buying Cons

An existing home will never have everything you’ve always wanted in your dream home, because you weren’t there to call the shots when it was being built. You may have to deal with a floor plan that doesn’t match your lifestyle or costly maintenance and renovations.

Building Pros

When it comes to your dream home, everything should be exactly as you like it, which is one of the biggest advantages of building custom. From floor plans to building materials, appliances and design, you can work with your contractor to build a dream home that is everything you want and nothing you don’t.

Building Cons

Building your dream home means investing your time and finances into getting it right. Whether caused by challenging weather or glitches in obtaining the proper materials, delays happen. However, with the right homebuilder and transparent communication, there should be no surprises throughout the process. Our recommendation: be sure to choose your contractor carefully, ask the right questions and ensure that trust and communication are the foundation of your working relationship.