Who doesn't want to discover something new — especially if it's just for you?
Making the wrong choice here the house is much bigger than the financial responsibility. The pros and cons of building a home, to help you make the best decision for yourself and your budget.
There is a lot of confusion about how to build a new home, the advantages and disadvantages of building a house. Some special costs of an old house are much higher than a new house. You can build your dream house your own way. When you buy an old home, you will not find many similarities with your dream home. In this case you will need to spend different amounts of money. There are many things to keep in mind when buying a home.
Pros of building a house:
Selecting Land - You may want to find an empty space before building a building. You need to find a place in the area where you want to build a house. He conveys that thought to the architect.
No Redesign Needed - Custom design saves you money on building, repairing and adding. When a buyer buys an existing home, the first thing to do is to fix the kitchen, bathroom and living room to suit the tenants. Once you have designed and built your home you can avoid the cost of repairing it.
Maintenance - The cost of maintaining a new home is lower than an old house as any new home does not require major repairs and renovations.
Cons of building a house:
Long Term - When you buy an existing home, an existing home is usually ready to move in, and a new one takes a few months to complete. Severe weather conditions, transport delays, or personal error exacerbate the process. You can find the difference between selling your old home and moving into a new one.
Land Cost - If you are building a new home, you should first buy the land on which your house will be built. If the site is not yet serviced, you will need to spend extra money to repair the site with electricity, sewage and road.
Demolition rates - If you already own a site, you will need to demolish the building to make way for new homes.
Preliminary site inspection - Depending on the area or address of your residential area, your climate, location, access, sewage, underground pipes, surrounding buildings, construction site, soil conditions, and stability, including trees and buildings. other environmental issues are investigated.
Construction Expenses - When the design of a new home is completed, a potential homeowner will need to find an experienced construction contractor to build it. Building a house from scratch is a risky undertaking. Grants should be paid to the customer for all potential risks. The project may have a budget, it may difficult to obtain certain building materials, and it may take skilled workers to complete the work on time.
Finally, with regard to investment potential, there maybe significant barriers that consumers and investors need to consider. If it is not in the central area, it can reduce the value of the building.
Moreover, construction may not have the potential for positive financial growth. In an old or established home, you can generate extra capital growth by making some updates and upgrades, which can bring incredible return to owners.
Considering the price trends for properties in Yelahanka, the area offers a great deal of value, especially due to the planned development and excellent communication near the airport. Yelahanka provides excellent social infrastructure and a few international schools and is a peaceful place. The only issue here is that many water areas are filled or neglected. In addition, there is a problem with drinking water in the area. However, it does create a good investment environment as a whole.
Demand for properties in Yelahanka is slowly growing and the area has now improved the taste of the whole country.