Should You Build or Buy a House?

Should You Build or Buy a House?

JR Mortgage Group
JR Mortgage Group
Published on July 11, 2023

Should You Build or Buy a House?

The decision between building a new house and buying an existing one is a big choice you’ll face when you’re looking at getting a new house. While buying a ready-made house might seem like the easier option, there are six compelling reasons why you should consider building a new house.


#1 – Customization and Personalization:

One of the most enticing benefits of building a new house is the ability to customize and personalize every aspect to suit your needs and preferences. From the architectural design to the choice of materials, fixtures, and finishes, building a new house offers a blank canvas where you can bring your dream home to life. This level of customization is rarely available when buying an existing house.


#2 – Energy Efficiency and Modern Technologies:

Newly constructed houses are built with energy efficiency in mind. They incorporate modern technologies, such as solar panels, energy-efficient appliances, advanced insulation, and smart home systems, which can significantly reduce utility bills and lower the environmental impact of the home. According to the U.S. Energy Information Administration (EIA), newly built homes are typically 30% more energy-efficient than older ones.


#3 – Reduced Maintenance and Repair Costs:

When you build a new house, all the major components, including plumbing, electrical systems, and appliances, are brand new and come with warranties. This means you are less likely to encounter costly repairs or replacements in the initial years of homeownership. Conversely, older homes often require immediate or near-future repairs and renovations, which can quickly accumulate expenses.


#4 – Greater Long-Term Value:

Building a new house allows you to integrate the latest construction standards, technologies, and design trends. As a result, your home will be equipped with modern amenities and features that meet current demands and future-proof your investment. This can enhance the long-term value of your property and potentially yield higher returns if you decide to sell in the future.


#5 – Lower Initial Cost:

While the perception may be that building a new house is more expensive than buying an existing one, it’s essential to consider the overall costs involved. According to the National Association of Home Builders (NAHB), the median price of a newly built home in the United States in 2021 was $355,900, while the median price of an existing home was $335,000. Though the initial cost may be slightly higher, building a new house eliminates the need for immediate repairs and renovations often required in older homes, which can offset the upfront expense.


#6 – Increased Safety and Reduced Health Concerns:

Older homes may have outdated electrical systems, lead-based paint, asbestos, or other potentially hazardous materials that can pose safety risks and health concerns. By building a new house, you can ensure that the construction meets the latest safety codes and regulations, guaranteeing the well-being of your family and avoiding potential health hazards.



Building a new house offers a range of advantages over buying an existing one. The ability to customize your dream home, incorporate energy-efficient technologies, reduce maintenance costs, and increase long-term value are compelling reasons to consider this option. While the initial cost may be slightly higher, the benefits of building a new house often outweigh those of buying an existing one. Ultimately, the decision depends on your priorities, preferences, and financial situation.

If you are looking into building a home, we have some great construction loan programs, including a one-time close program. For more information, reach out to a loan officer at JR Mortgage today!

JR Mortgage Group
JR Mortgage Group Wichita Kansas
Click to Call or Text:
(316) 247-9639

This entry has 0 replies

Comments are closed.