Advantages and Disadvantages of Building a Home
Moving into your own home is an exciting time, whether you purchase a pre-built one or decide to build your own. There are several advantages and disadvantages to building a home instead of buying one ready to live in,
Disadvantages
- The main disadvantage of building is the time it takes. Waiting to move in means you have to pay rent somewhere else for all that time as well as paying off the mortgage. You may be able to move in with relatives or lease a caravan you can move onsite for cheaper rent. But such options may only be for the brave!
- Some building contracts can end in dispute where the property owner has to contact building & construction lawyers to help them sort out litigation issues.