Choosing between buying land and building a house or buying a ready-made house is difficult. In fact, this depends mainly on the person. But if you ask me-
is it worth buying land and building a house, I would say yes. You can plan and design the house as you want and if planned properly, such houses can have high resale value in the future as well.
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What are the pros and cons of buying land and building a house?Both buying land and building a house as well as buying a complete house have their own set of pros and cons. Let me share the list of pros and cons for both to help you understand them better.
Buying a Complete House| Pros | Cons |
Get to move in anytime you want |
Hard to get at a reasonable price |
Usually less costly |
Home renovation or repairs can make it costly at the end |
Build in a good and easily accessible landscape mostly |
Landscape might not be very good |
Usually close to urban centres |
Can be in remote areas and far from urban centres |
| Pros | Cons |
You can build it as per your plan and wish |
Time delay can be annoying |
Less competition to buy land than buying a house |
Prone to get legal issues |
Usually built amid serene nature |
Having a house far from main roads can make life hard |
I love customising my house as I want. In fact, I would love to have a completely Vastu-compliant house of my own and get it painted, furnished etc as per my wish. I would hence say buying land and building a house is worth it.
Read More:Is buying a plot of land the best possible way of investing in real estate in India?
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Authors Of The Question
Is it Worth Buying Land and Building a House?
Kishore
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1 Answers
1 Year
2023-01-24T09:56:52+00:00 2023-01-24T09:56:52+00:00Comment
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