Is It Better To Build or Buy a House in Florida?
The sunshine state of Florida is one of the nation’s top places to live. It’s popular for its excellent weather, ocean access and state tax codes. It is the seventh fastest growing state and it ranks third in terms of population. Florida is a very diverse state and has a lot to offer. Disneyland just might be one of its biggest attractions, but there are national parks, plenty of restaurants and an even bigger nightlife scene. It’s no wonder that so many folks are flocking to the state. If you’ve got the sunshine state on your short list, you may find yourself wondering if it’s better to build a house or buy an existing home there. Let’s take a look at the options.
Building a House in Florida
Building a home is a great option for someone who wants the ability to customize their home to some degree. It’s also better suited for homeowners who can maintain two home payments simultaneously. The average acre of land in Florida is about $29,000, but this will vary greatly depending on the area and the amenities. After you’ve chosen your land for new homes in Groveland FL, it’s important to budget appropriately. Depending on your building materials, building often ranges between $100 and $200 per square foot. The cost of a new build includes permits, blueprints, utilities and major systems, interior finishes and a lot more. A 2,000 square foot home could cost between $200,000 and $400,000 when it’s all said and done.
Buying a Home in Florida
If you’re buying an existing home in Florida there are lots of choices. The biggest advantage to buying a home is that there is little to no wait time in comparison to a new build. Unless you’re doing renovations, there’s no need for permits or contractors. Ultimately, buying a house is cheaper. Rarely do homeowners need to pay two house notes at the same time. If you know that you intend on moving in some years, then it may be in your best interest to purchase a home. Oftentimes, buying a home is more about finding something that will suit your immediate future’s needs because long term goals and dreams are to be had in another home.
Making the Choice
The choice to buy or build truly depends on your needs, expectations and desires. One of the biggest advantages to building is choosing the layout and customizing it to meet your needs. If you want a more energy efficient home, with less maintenance, then you should consider a new build. When you’re considering an existing home, you’re getting an established neighborhood. This includes being near a city center. So if you prefer to be in a specific area, you may want to go with an existing home. Keep in mind what you need out of your home when you’re making the decision.
Buying property is a really exciting experience. And if you’re doing so in the state of Florida, then it’s even moreso. Only you can decide whether it’s better to build or buy a house here. You’ll need to weigh your long term goals against your short term goals, what you can afford to do and how much time you have to work with. Whichever your choose, Florida is a great landing point.